Join the credit union

Become a member of London Mutual Credit Union

As a credit union, we are here to help our members achieve their financial goals. So whether yours involve saving for the future, getting free of your debts, or borrowing at reasonable rates to make your plans happen sooner, we are here to help. 

Who can join?


Anyone who lives or works in Southwark, Lambeth, Westminster or Camden


Serving members of HM Forces and those receiving an armed forces pension


Anyone who works in health or education-related occupation in Greater London


Immediate family of a current member, living at the same address

Protecting your money

Your eligible 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 guarantee scheme.

The benefits of credit union membership

Regular savings

Set up a regular deduction from your salary or via direct debit into your Membership Account, and watch your savings grow. 

Affordable borrowing

Trade in credit cards and overdrafts for low-cost rates as low as 4.9% APR. Borrow up to £25,000 (subject to T&Cs)


Get a free account for your direct debits. Pay in enough each payday to cover them all, and just like thatyour bills are sorted.

A say in how we are run

We are a co-op and owned by our members. Attend and vote at our AGM, and receive a dividend when the credit union does well.

How your membership makes a difference

Being a credit union member is a win for you, and also a win for the local community. When you borrow with us, the interest you pay helps to support the credit union’s work in financial education, and in ensuring that everyone in our community has access to fair, affordable credit.

Financial Education in Schools

Through the ‘Smart Savers’ scheme, we work with local schools to run savings clubs run by the pupils, along with education around budgeting skills and other good money habits.

Financial inclusion

We work with local organisations to support access to affordable credit and banking for lower income, unemployed and vulnerable people, and to tackle issues like problem gambling.

Community banking

As other banks close their branches, more and more people rely on us for face-to-face banking. Our branches provide a friendly, knowledgeable and professional service to members from across our community and membership.