Members’ lottery
How the lottery works
The lottery is operated by SCU Enterprises Ltd, a separate organisation set up solely to raise funds for London Mutual Credit Union.
Key information
Each entry costs £1
50% of the pot is paid out as prize money.
The other 50% is reinvested into the credit union to fund outreach, education, and community projects.
A new draw takes place every month.
The prize pot grows as more members take part.
Register to play
November 2025 winners
Good to know
Who can take part in the lottery?
All London Mutual Credit Union members aged 18 or over can join. Unfortunately, employees of the credit union and their immediate family members are not eligible.
How many entries can I have?
Each entry costs £1, and you can have up to 10 entries per month. The cost is taken automatically from your Membership Savings Account on the 5th of each month.
When is the draw held and how are winners chosen?
The draw takes place around the 10th or 11th of each month. Winners are selected completely at random using our lottery system, and prizes are credited to members’ accounts within three working days.
How are prizes shared out?
Half of the lottery pot is always paid out in prizes. The first prize is 50% of the prize fund, the second is 15%, the third is 10%, and the remaining prizes are 5% each. The other half of the pot is reinvested into the credit union to fund community projects and financial education.
How will I know if I've won?
If you win, we’ll contact you by text or email, and the prize money will be paid directly into your savings account. A list of winners and prizes is also available in our branches.
What if I want to stop playing?
You can change the number of entries you hold, or withdraw from the lottery entirely, at any time by contacting us online, by email, or in branch. If you cancel after the monthly deduction has already been taken, refunds can’t be made for that month.