News & Blog

Get the latest news, product and service announcements from London Mutual, along with our Money Gym financial education blogs.

The Link Between Money and Mental Health

The Link Between Money and Mental Health

There is a link between money and mental health. It is important to understand how to take control of your finances, and where to seek help should you need it.

Understanding IVAs

Understanding IVAs

Individual Voluntary Arrangements (IVAs) might seem like a straight-forward solution to repaying debt, but it is important that you know the consequences before getting tied down.

Back to School: where to get financial help

Back to School: where to get financial help

If you are starting to feel stressed or are a bit worried about the costs of back to school, we have put together some organizations and ideas that might be useful to you…

Family Saver Loans: Get the flexibility you need as a family

Family Saver Loans: Get the flexibility you need as a family

What are child benefit loans and family saver loans? Child benefit loans with London Mutual Credit Union allow you to borrow up to £600 towards one-off costs when you pay your child benefit into a membership account. As we want to help our members grow their finances,...

COVID-19 scams update

COVID-19 scams update

As we have entered another national lockdown and the vaccine roll-out begins we have heard of some new COVID-19 scams looking to take advantage of the public via text, calls and email. Here are a few recent scams to look out for: NHS COVID-19 vaccine text scam There...

How consolidation loans can transform your finances in 2021

How consolidation loans can transform your finances in 2021

What is a consolidation loan? A consolidation loan is a way to bring all your current debts, including credit cards, overdrafts and existing loans together, into one loan, and one monthly repayment. They could help you to pay off credit cards and other debts sooner....

Practical ways to lessen impulse spending!

Practical ways to lessen impulse spending!

Impulse buying describes the phenomenon that causes you to make that extra purchase because the need for it becomes suddenly very necessary. It can be as small as buying a packet of chewing gum while you are waiting at the checkout, or as big as an expensive car during a sale. You may be well […]

Don’t get caught out by £1 Deadline!

Don’t get caught out by £1 Deadline!

In the UK, we love to keep things interesting. By the end of 2020 we will see the biggest period of currency transition in decades – from paper to plastic notes and from round to twelve sided £1 coins. New Money The new pound coin was deemed legal tender on the 28th March 2017. Now […]

New compensation limits

The FSCS deposit protection limit is changing from 1 January 2016 to £75,000. Deposits currently eligible for £85,000 compensation will remain protected up until 31 December 2015 to allow customers to reduce their balances if necessary. From 1 January 2016 the new...

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