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
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)
E-Account
Get a free account for your direct debits. Pay in enough each payday to cover them all, and just like that—your 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.