Salary deduction partnerships
Improve financial resilience in your workplace with salary deducted savings and loans.
London Mutual Credit Union works with NHS Trusts, the Armed Forces and 25 other major employers across London to offer salary deduction as an employee benefit to their staff.
Salary deduction is a proven way of encouraging staff to build savings. And regardless of your organisation’s size, it is easy to implement, with zero setup or running costs.
Why London Mutual
We were founded by employees of Southwark Council in 1982, and continue to be owned by our members.
Our mission is to support our members, not to make a profit. So you can trust us to act in your colleagues’ best interests.
We are trusted by major public sector employers, and are regulated by the Financial Conduct Authority and PRA.
Our approach is reassuringly simple and easy to implement, without complex IT and with low setup costs.
Who We Work With
London Mutual Credit Union was the first provider of salary deduction in the UK, back in 1982. Today, we work with over 25 major employers, including leading London NHS Trusts, local authorities, and the UK armed forces nationwide.
What Colleagues Say
We regularly survey members taking part in the salary deduction scheme through our partnerships with employers. Overwhelmingly, it is a popular staff benefit, and one which reduces financial stress and improves wellbeing.
'London Mutual cares about its members'
'Being a member of London Mutual has saved me money'
'I have spent less time worrying about money since becoming a member'