News & Blog

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

Re-inventing payment cards

Re-inventing payment cards

We’re launching a smart, convenient alternative to credit cards, with fairness and simplicity at its heart.

When to get breathing space

When to get breathing space

You don’t have to be in serious financial trouble to get a debt consolidation loan. In fact, it can often be a great way to get ahead of problems before they emerge.

Why it makes sense to payroll

Why it makes sense to payroll

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.

Borrowing with confidence

Borrowing with confidence

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.

How to ace your holiday planning

How to ace your holiday planning

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.

What’s the deal with APR?

What’s the deal with APR?

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?

Building a digital credit union

Building a digital credit union

At London Mutual, becoming fully digitally-enabled is a journey—and one we’re determined to bring all our members with us on. We speak to program manager Leanne Phillips about how we’re ensuring that digital isn’t just for the digitally savvy.

Metin’s story

Metin Basaran was living in a hostel when he first heard about London Mutual Credit Union. He heard lots of good things about being a member, so he signed up. He took a current account, which he’s stuck with. “I haven't got a card but the reason being, I just budget a...

The lowdown on lending

The lowdown on lending

Matthew Sweetlove is head of lending at London Mutual Credit Union. He’s worked for the union for 15 years. “It’s great to feel like you are helping people. Many of our members are financially excluded, they have no other alternative but to go to high cost lenders or...

Lucy Wright’s story

Lucy Wright’s story

Lucy Wright, who works for Southwark Council, had got herself into a bit of a spiral. Some bad financial decisions years ago left her with a bad credit rating, and she was getting charges from her bank every time she went overdrawn, making the situation worse. She...

London Mutual: how does it work?

London Mutual: how does it work?

Always wondered about how our credit union works, but afraid to ask? We caught up with Lisa Walder, the Deputy Manager of our branch in Peckham to talk you through it.

New in London: Azeez Dasaolu

Azeez Dasaolu moved to the UK in the summer of 2009, and soon found himself a job, at Guy’s and St Thomas Hospital. But his lack of credit rating held him back from fully settling: “When you don't have credit history, it's difficult for you to access credit or other...

Things we’ll never ask you to do

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,...

How to stay safe at the cashpoint

How to stay safe at the cashpoint

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 word about your memorable word

When we introduced the new banking system at the end of 2016, every account was allocated a memorable word. You will need your memorable word if you phone the Help Desk and you may be asked to confirm 2 or 3 digits of it when you come to a branch for any transactions...

All about GDPR

You may have heard talk on the news about GDPR – General Data Protection Regulation – here is a short guide to explain how it could affect you It’s the biggest change to UK data privacy law in 20 years Thanks to technological advances, the amount of personal data...

Make your money go further this Christmas

Make your money go further this Christmas

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.

Why we we launched our CUOK pay day loan

Why we we launched our CUOK pay day loan

When developing our product, we were shocked to see some of the practices enacted by opportunistic companies at that time.Keeping a lookout for these practices, and others like it, can save time, money and anxiety in the long run

Camden branch closure

Camden Branch It is with great regret that we have come to the decision to close our branch in Camden at 347 Royal College Street with effect from 22nd June 2018. The decline in the number of members using the branch, increased costs, and the development of our online...

Credit Unions Around the World

Credit Unions Around the World

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 […]

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