Here to help TfL employees make their money go further
Transport for London has partnered with London Mutual Credit Union to make salary-deducted savings and loans available to all its employees as an optional employee benefit.
Build up savings directly from your pay each month without extra paperwork.
Payments are taken in line with your salary dates so you don’t have to manage them yourself.
Loans are available to help cover essential personal or household costs.
Use this built-in tool to understand your spending, plan for bills, and manage your money clearly.
About London Mutual Credit Union
London Mutual Credit Union is a member-owned financial co-operative, serving Londoners since 1982. We exist to help people to save,
borrow, and build financial wellbeing in a safe and supportive way.
Member-owned, not for profit
Authorised and regulated by the PRA and FCA
Payroll saving & repayment available for TfL staff
Thousands of members working in Government, Transport
What we offer
Fair, affordable borrowing for planned and unplanned expenses
- No early repayment fees
- Save as you repay
- Repayments directly from your TfL salary.
Build a savings habit with automatic salary deduction
- Save as little as £10 a month
- Deducted each payday, so you don’t miss it.
- Access and withdraw your money via our mobile app
Buy or remortgage your home with competitive rates, in-house advice, and decisions made by people, not computers.
- No arrangement fees
- Free no-obligation mortgage advice
- Up to 80% LTV
How it works
Join online
It only takes a few minutes to become a member and to open your membership account
Choose how you'll use it
Choose how much to save each month, and, if you wish, apply for a loan at the same time
We'll set up payroll
We work with TfL to arrange regular deductions from your salary
Save and repay - automatically
Your chosen amount comes straight from your pay each month and is automatically added to savings or used for loan repayments.
Explore the Money Gym
From managing bills to building better habits, the Money Gym is packed with practical tools and guidance to help you feel more in control of your money
Visit the Money Gym
Join the credit union for Transport for London staff
Become a London Mutual member and build savings and borrow affordably directly from your Transport for London salary.
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