London Mutual Credit Union (LMCU) has opened its fifth branch office in Camden. The opening ceremony was attended by several guests, including our guest of honour, Councillor Sarah Hayward, Leader of the London Borough of Camden.
Speaking at the opening, Councillor Hayward said: “In times where many families are really struggling financially, the Council wants to provide local residents with access to affordable credit, often when other lenders have turned them down. This credit often provides for one-off expenses like replacing a broken washing machine and it helps people who have nowhere else to turn other than to legal or illegal loan sharks who charge exorbitant interest and often plunge people into inescapable debt.”
LMCU, which operates in Southwark, Lambeth, Westminster, and now Camden, is the largest community credit union in London, serving over 19,000 members. Credit unions are not-for-profit cooperatives providing alternative financial services to the communities they serve.
Councillor Hayward continued: “Credit Unions not only provide affordable credit, they keep money in the local economy and help everyone in the community they serve. I’m delighted LMCU has expanded their service to the people of this borough.”
Lakshman Chandrasekera, Chief Executive of London Mutual, said: “We are delighted to be working with Camden Council to provide financial services to the residents in Camden. We have a range of products and services available for everyone and are very keen to extend our branch network in Camden in the years to come.”
Among other attendees were the Directors of LMCU Heather Crawford (President), Louis McLeod (Treasurer), and Chris Gonde (Director), Fiona Twycross (London Assembly Member), Derik Buckland (ABCUL Board Member), Cllr Mike Katz and Cllr John Bryant of Camden Council, and several senior managers of Camden Council and other guests.
As the newest credit union in Camden, we’re eager to support the community and help our members manage their finances more effectively. If you’re looking for a reliable credit union in Camden, visit our new branch to learn more about our services and how we can assist you.
