This Black History month we’re sharing overlooked stories of local people whose courage, ingenuity and hard work have changed our communities for the better.
News & Blog
Get the latest news, product and service announcements from London Mutual, along with our Money Gym financial education blogs.
Guide to Surviving Back To School Uniforms Shopping
It’s that time of the year again! Here’s our round-up of top tips to keep your child and wallet both happy and ready for the start of the new school term.
Support Alessandro’s Half Marathon for Cancer Research UK
We’ll be cheering on our colleague Alessandro this weekend as he takes on the Big Half to support Cancer Research UK.
Child Benefit Loans: Flexibility When It Matters Most
London Mutual’s Child Benefit Loans give you the flexibility to deal with the unexpected – even if you’re on benefits or have faced credit hurdles in the past.
Navigating Summer: Family Meals and Fun for Next to Nothing
Affordable ways to make sure you and your kids are well-fed and having fun over the summer holidays, even if money is tight.
Launching our Family Days Out Giveaway
Get ready to make the most of summer with your little ones with our ‘Family Days Out Giveaway,’ prize draw
Beyond Banking: Credit Unions’ Co-operative Connection
Credit unions operate differently than the traditional high street banks you may encounter. Our focus is on the community, as we are run based on a co-operative model.
The Windrush Legacy: Transforming Banking and Building Community
The Windrush Generation has all kinds of incredible stories to tell. One that is often overlooked is their leading role in the development of credit unions in the UK.
Unmasking Loan Sharks: The Unexpected Faces of Financial Predators
Loan sharks are not always menacing villains lurking in dark alleyways. In fact, new research shows that illegal money lenders are more likely to be an acquaintance or colleagues.
What the Premier League Can Teach Us About Money Management
Watching how football managers have handled this year’s title race can teach us a surprising amount about managing our own finances…
Stop Paying for Services You Don’t Use: The Ultimate Guide to Managing Subscriptions
Cutting back on unneeded subscriptions is a great example of a quick money-saving win.
Slash Your Phone Bill: Saving Tips for Phone Contracts
If your phone bill’s burning a hole in your wallet, check out our tips and tricks.
Launch of London Mutual Credit Union Mortgages
London Mutual Credit Union has become the first UK credit union in 25 years to be authorised to offer mortgages.
Why Credit Unions Beat Other Types of Lenders
Five reasons why borrowing from a credit union beats other types of lenders when it comes to applying for a loan.
Making a Budget & the Cost of Living
With the cost of living rising, managing your money is harder than ever. Here’s why making a budget should be your go-to money tool.
Loan Decisions Taken by People, not Robots
At London Mutual, lending decisions are made by real people, not an automated process.
2022 Christmas Loans Information
If you’re looking to spread the cost of gifts or treating loved ones, a credit union loan could be an option. If so, here’s what you need to know.
London Mutual Responds to the Death of Her Majesty Queen Elizabeth II
All of us at London Mutual Credit Union wish to express our sadness upon hearing of the death of Her Majesty Queen Elizabeth II.
What you need to know about your credit history
We often get asked about Credit Scores and Credit History. There seem to be lots of myths and misconceptions around the topic, so let’s clear them up…
Our Guide to Buying a Car
Whether you’re looking for something new and swanky, or something more green, it’s good to know your buying options, and the different ways to pay or spread the cost.
Your Mind and Your Money: how they affect each other
The link between your mind and your money. Key takeaways from our Money Masterclass with Dr Sallyanne Decker, helping you to understand your money mindset.
London Mutual featured in University of Bristol’s guide to Credit Unions and Gambling
We were recently featured in “Credit unions and gambling: A practical guide to support members.” We got the chance to discuss how we deal with gambling cases and some of the outcomes we have seen.
Five Reasons to Join a Credit Union
From fair banking to lower rates, these are 5 reasons why we think you should join your local credit union.
Monika’s top money-saving holiday hacks
Our in house travel expert, Monika Rok, has put together a list of her best tips and tricks for saving money while planning, booking and going on your holidays.
Tips to Keep Your Energy Bills Low this Winter
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…
Black Friday hacks for Bargain Hunters & Big Spenders
Our guide on how to spend responsibly this Black Friday…
Standing orders and Direct Debits… what’s the difference?
Standing orders and Direct Debits may seem similar, but they have completely different purposes. What are the differences?
Spooky Scams & Freaky Fraud: Stay Scam-Aware this Halloween
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.
Turn your Supermarket Spending into Savvy Saving
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.
What even is a Credit Union?
As a Credit Union, we always get asked “what is a credit union?” – here’s our answer…
A-Z of Financial Jargon
The world of money comes with it’s very own dictionary of financial jargon. Read our A-Z of some words and phrases you should look out for.
Pay for Next Years Holiday by Canceling Unnecessary Subscriptions…
It’s time to cancel those unnecessary subscriptions, and start saving some money!
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.
Pizza-Inspired Tracking for Loan Applications is Now Live
Our newest feature tells you in real-time when your loan is likely to be ready, what stage it is at, and prevents delays by letting you know if we’re waiting for information or documents.
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: Credit Union Support
How can your local credit union help with covering the costs of back to school?
What to Expect when you Apply for a loan
Our 4-step application process allows us to make a decision based on you as an individual, to give you the best chance of being accepted.
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…
No Harm in Asking: You Can Now Apply For Our Loans Risk-Free
From this week, you’ll be able to apply for all our loan products without putting your credit score at risk if we can’t say ‘yes’.
Things they don’t teach you in School about Personal Finances and Saving
Becoming financially independent is one of life’s biggest lessons. Get money-savvy with some of our tips and suggestions…
Don’t Take It Personally: Improving Your Chances of Being Approved for a Loan
No matter the need to borrow, or the individuals financial situation, we will always carefully consider an application. However, this does not mean we can always say yes…
London Mutual Achieves Armed Forces Covenant Silver Award
London Mutual has achieved the Armed Forces Covenant Silver Award in the Ministry of Defence Employer Recognition Scheme
Budget-friendly things to do this summer in London
Don’t let your funds set you back from enjoying the sun. Make the most of London this summer with some of our top budget-friendly things to do in the city…
With Us, There’s No, ‘Computer Says No’
At London Mutual, we do loans differently to give you the best possible chance of being approved.
That Delivery Tracking Text Could Be a Scam
With online shopping more popular than ever, fake delivery texts and emails are on the rise. Here’s how to stay one step ahead of the fraudsters.
Booking a trip in 2021: Tips for booking during and after the COVID-19 pandemic
Are you starting to think about booking a trip this summer? According to the roadmap set out by the government, trips around the UK in self-contained accommodation will be allowed from 12 April, and with others no earlier than 17 May. There is still no confirmation on...
Personal finance tips to spring clean your finances
With spring on the horizon now is the perfect time to refresh your finances.
Don’t get caught in the minimum payment trap.
Paying the minimum payment on a credit card can lead to debt building and building. Our solution? The Forces Finance Card.
Ten More Covid Scams to Watch Out For
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.
Improving our online banking experience
Changes are coming to our online and mobile banking later this month. Here is everything you need to know about what to expect.
London Mutual nominated for 2020 Consumer Credit Awards
We are proud to have been nominated for the 2020 Consumer Credit Awards, in the ‘Best Credit Union (South)’ category
Protecting yourself from coronavirus scams
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.
Steps we are taking to avoid disruption due to coronavirus
Like many organisations, in recent weeks we have been working to prepare for the spread of Coronavirus.
Overdraft prisoner? It’s time to plan your escape.
New overdraft rules are coming into effect that could make regular use of an overdraft much more expensive.
Re-inventing payment cards
We’re launching a smart, convenient alternative to credit cards, with fairness and simplicity at its heart.
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.
London Mutual’s ambition recognised
At London Mutual, we’re ambitious for our members and our community, and those ambitions have received a significant boost.
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.
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...
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...
Armed Forces Covenant Bronze Award
LMCU is honoured to receive the Employer Recognition Scheme Bronze award from the Armed Forces Covenant and are committed to work with all the MOD personnel. The Armed Forces Covenant is a promise from the nation that those who serve or have served, and their...
New branch in Southwark
Tom Watson MP, Deputy Leader of the Labour Party, was the guest of honour at the opening of a new credit union branch in Walworth Road, Southwark, on Thursday 3rd March. The new London Mutual Credit Union branch is equipped with its own ATM service, five spacious...
Launch of Credit Union Services for the British Armed Forces
15th October 2015 marks the launch of the provision of Credit Union Services for the British Armed Forces by the London Mutual Credit Union. London Mutual Credit Union is one of three credit unions in Britain selected by the Ministry of Defence to help Armed Forces...
Visitors from Kenyan Credit Unions
LMCU welcomed a delegation of 34 credit union professionals from Kenya. As at December 2014, Kenya has got 4,965 credit unions with 5,103,231. Over 20% of the Kenyan population are now a member of a credit union.
Southwark Smart Savers scheme
We are happy to share some more lovely news. A new initiative by the Southwark Council gives every 11 year old child who lives in Southwark a voucher worth £10 to open a savings account at London Mutual Credit Union. We believe that this monetary incentive is being...
Spooky Scams & Freaky Fraud: Stay Scam-Aware this Halloween
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.
Turn your Supermarket Spending into Savvy Saving
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.
What even is a Credit Union?
As a Credit Union, we always get asked “what is a credit union?” – here’s our answer…
A-Z of Financial Jargon
The world of money comes with it’s very own dictionary of financial jargon. Read our A-Z of some words and phrases you should look out for.
Pay for Next Years Holiday by Canceling Unnecessary Subscriptions…
It’s time to cancel those unnecessary subscriptions, and start saving some money!
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.
Pizza-Inspired Tracking for Loan Applications is Now Live
Our newest feature tells you in real-time when your loan is likely to be ready, what stage it is at, and prevents delays by letting you know if we’re waiting for information or documents.
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: Credit Union Support
How can your local credit union help with covering the costs of back to school?
What to Expect when you Apply for a loan
Our 4-step application process allows us to make a decision based on you as an individual, to give you the best chance of being accepted.
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…
No Harm in Asking: You Can Now Apply For Our Loans Risk-Free
From this week, you’ll be able to apply for all our loan products without putting your credit score at risk if we can’t say ‘yes’.
Things they don’t teach you in School about Personal Finances and Saving
Becoming financially independent is one of life’s biggest lessons. Get money-savvy with some of our tips and suggestions…
Don’t Take It Personally: Improving Your Chances of Being Approved for a Loan
No matter the need to borrow, or the individuals financial situation, we will always carefully consider an application. However, this does not mean we can always say yes…
London Mutual Achieves Armed Forces Covenant Silver Award
London Mutual has achieved the Armed Forces Covenant Silver Award in the Ministry of Defence Employer Recognition Scheme
Budget-friendly things to do this summer in London
Don’t let your funds set you back from enjoying the sun. Make the most of London this summer with some of our top budget-friendly things to do in the city…
With Us, There’s No, ‘Computer Says No’
At London Mutual, we do loans differently to give you the best possible chance of being approved.
London Mutual’s support for at-risk gamblers cited as an example of best practice
London Mutual Credit Union has been featured in a new toolkit produced by gambling support charity, GamCare.
Improving our online banking experience
Changes are coming to our online and mobile banking later this month. Here is everything you need to know about what to expect.
Cut the cost by borrowing with us
If you’ve got a credit card, heads up: we can probably save you proper money.
London Mutual’s ambition recognised
At London Mutual, we’re ambitious for our members and our community, and those ambitions have received a significant boost.
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.
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...