Get the latest news, product and service announcements from London Mutual, along with our Money Gym financial education blogs.
London Mutual Credit Union has partnered with Transport for London to offer membership to anyone directly employed by TfL in Greater London. We're excited to be teaming up with a globally-recognised London brand, and couldn't be happier to welcome TfL as our newest...
According to a new report, over a million people in the UK are in debt to loan sharks. Here’s the story of Kim, who was trapped by an illegal lender. Guest post by the UK Illegal Money Lending Team.
Many people won’t realise that they’re being underpaid by their employer, especially if they earn the minimum wage or living wage. Are you being paid enough…?
Lambeth Council has introduced a set of projects, incentives and Government help to encourage more sustainable habits.
Reduce your monthly costs with these financially-savvy home improvements that are rented home friendly!
Our new tool Pay by Bank is our quickest method of transferring funds from your bank account to your credit union account.
We have made the hard decision permanently close our branch in Brixton. The good news is that there are other ways to manage your account and get support
Guest blog written by an expert from Stop Loan Sharks, addressing the ever relevant issue of illegal lenders.
Fraudsters are pretending to be your local bank or credit union in order to steal your card details. Here’s how to spot the scam and stay safe.
Get yourself off of the debt treadmill this year by avoiding the minimum repayment trap.
Do you want to become debt free in 2022? If you do, then here are our need to knows on Consolidation Loans
London Mutual Credit Union’s plans for 2022. Celebrating our 40th year by giving back to our community, members and staff.
Our tips and ideas to help you with your money and savings New Years Resolutions.
Our Christmas loans deadline (December 10th) has now passed. But not to worry! You can still apply for a loan with us online or in branch
Our top picks of things to do in London this winter…
A magical Christmas doesn’t have to be an expensive Christmas. Find out more about our Christmas Loans and Family Saver Loans.
Keeping your home warm is another thing to add to the list of Christmas expenses. We’ve put together some tips to help you save money on your energy bills this winter…
Our guide on how to spend responsibly this Black Friday…
Loans Sharks know that this is an expensive time of year and may target those who are most likely to want to borrow…
This year’s Christmas Loan Deadline is 10 December. Here’s everything you need to know.
Standing orders and Direct Debits may seem similar, but they have completely different purposes. What are the differences?
Although the lockdowns may seem like a thing of the past, the threat of scams is still ever-present. It is evident that scammers are constantly changing their tactics and finding new ways of targeting consumers.
The supermarket is full of temptation, and doing the weekly food shop can become an expensive trip if you’re not strict. Here’s some tips to save money on your supermarket spending.
As a Credit Union, we always get asked “what is a credit union?” – here’s our answer…
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,...
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...
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....
It’s that strange time in between Christmas and New Year, time to reflect on the year that no one expected and start thinking about next year. You may also have a little bit of time to dedicate to thinking about your finances. We wanted to share a guide to getting a...
As we head into another lock down you might find yourself with some time for home improvements. Some home improvements can be cost effective in the long run, by reducing your monthly costs. Check out our 5 financially savvy home improvements you can make even if you...
We give you some handy tricks to save money and some ways to treat yourself this Autumn!
Christmas is always an expensive time of year, so here are our best ways to budget your way through the festive period.
It’s been an uncertain year and it might seem early to start thinking about Christmas. But have no doubt, the kids are already. Planning ahead could really help you manage your finances this year, especially if you have children. Kids might have high expectations and...
It’s official: winter is just around the corner. Whether you're kitting out the family with warm gear, replacing the boiler, or sorting out the sofa so there’s space for everyone, keeping cosy can add up. Not to mention Christmas is fast approaching. It’s been a...
Even though many of the lockdown measures are starting to ease, scammers are continuing to take advantage of people’s anxieties and concerns. Here is what to look out for.
Criminals and fraudsters are sadly taking advantage of the current disruption. Here are some of the current scams we’re aware of, and ways to avoid them.
New overdraft rules are coming into effect that could make regular use of an overdraft much more expensive.
If you’ve got a credit card, heads up: we can probably save you proper money.
It’s easy to think of budgeting as a chore. Instead, think of it as a way of bringing some control into to your life.
Ok, you may not be in a ‘debt crisis’, but the only ones winning from your minimum payment are the credit card companies.
At London Mutual, you can have loan repayments or savings taken directly from your salary. Here’s how it works, and why it’s a great reason to join us.
Like any tool, borrowing can be useful, but it needs to be handled with care. Knowing how and when to borrow, how to spot signs of trouble and how to avoid them, are all crucial steps to borrowing with confidence.
before you throw the suntan lotion into a bag and head for the beach, check out our top tips for making your money go further while you’re away.
When a company offers a loan, credit card, mortgage or store credit, by law, they’re required to show its APR. But what does APR actually mean, how is it calculated, and how can you use it to get the best deal?
If you get an email or a phone call about any of your credit union accounts, please remember these eight things LMCU will never ask you to do: Ask for your full PIN or any online banking passwords over the phone or via emailSend someone to your home to collect cash,...
If possible, use a cash machine inside a bank or shop – if that’s not possible, check the cash machine every time you use one and look out for: a wobbly or bulky part that doesn’t seem to belong with the machine, such as a cover over the card slot or a loose keypadbe...
A lot of people worry that Christmas is just around the corner, and there is still so much to do. Below are three simple steps that may help you navigate the winter holidays this year.
Credit history tracks the reliability and the ability of you as the borrower to keep it up with the financial obligations, your payment patterns and how many other financial commitments you currently have. This has proven invaluable for financial institutions like banks and credit unions to assess the loan applications of the borrower’s ability to […]
With Christmas in the rear view mirror, our attention turns to the end of 2017 and beginning of a New Year with new possibilities. With the bank holidays coming up, it would be beneficial to take time out to organise your finances for the coming year. Making up a budget is vital, as more and […]
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The 2018 World Cup in Russia is well under way. People around the world are hoping that their national team will lift the most prestigious prize in competitive sports, and traits such as respect and community are on full display. Likewise, Credit Unions concepts are also acknowledged worldwide, and in 2018 we can see that […]
The financial services industry dominates advertising and news coverage, which is to be expected as finances are an everyday concern for people. There are thousands of different companies competing to help manage people’s finances, and it is not always easy to make comparisons in order to see what best suits their needs at any time. […]
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 […]
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...