London Ambulance Service salary deduction scheme

We make it straightforward for London Ambulance NHS Trust staff to build savings and to borrow affordably.

 Save regularly and build up a savings pot, or borrow with us, with  payments conveniently deducted from your salary. Loans from 4.5% APR. 

Delivered in collaboration between London Mutual Credit Union and London Ambulance Service NHS Trust. Member-owned, not-for-profit.

How we’re different

A credit union

We’re a  community bank based in South London, founded in 1982 and owned by our members. We’ve been working with NHS staff for over 25 years.

Working for you

Our mission is to help everyone in our community get into  financial shape—not to make a profit. So you can trust us to act in your best interests.

Salary deduction

We work with London Ambulance Service to deduct a regular amount from your pay, making it easy to build savings or make repayments without hassle or worry.

Doing good

Every penny we make is paid back to our members as a dividend, used to  support our community work, or reinvested in our services.

Fully Licensed and Protected

Eligible customer deposits with London Mutual Credit Union are protected up to a total of £85,000 by the Financial Services Compensation Scheme, the UK's deposit protection scheme. Any deposits that customers hold above the £85,000 limit are not covered.

Get a £2,000 overdraft when you save regularly into your credit union account

Introducing Salaryflex — a flexible overdraft built around your salary, from a lender you can trust.

Example: £2000 credit limit 19.6% APR

Why choose a credit union?

Owned by the community

As a co-op, we are run for our members , not shareholders. That means we put your financial wellbeing first, and do right by you, not just our bottom line.

The best rates

With rates from 4.5% and no hidden charges or early repayment fees, we can save you hundreds of pounds compared to credit cards, overdrafts and high street lenders.

Designed around you

We know that you love what you do, but it isn’t always easy. To us, you’re a member, not just a customer. We’re committed to your success and helping you meet your financial goals.

About London Mutual Credit Union

Building a bank for the whole community

At London Mutual Credit Union, we believe that everyone should have the chance to make the most of money, and to be able to use it to reach their goals.

We work to make it simple for everyone to get into the habit of saving regularly, and provide a range of affordable loans and overdrafts at low rates for the times when you need to borrow too.

  • Not-for-profit and owned by our customers
  • Regulated by the Financial Conduct Authority (FCA) and PRA
  • Your deposits up to £85,000 are protected under the Financial Services Compensation Scheme (FSCS)