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.
News & Blog
Get the latest news, product and service announcements from London Mutual, along with our Money Gym financial education blogs.
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.
London Mutual Announces Partnership with Transport for London
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...
Report Reveals Over a Million People In Debt to Illegal Loan Sharks
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.
Are you Being Paid Enough?
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: Ways to cut your Energy Bills & Become Greener
Lambeth Council has introduced a set of projects, incentives and Government help to encourage more sustainable habits.
5 Money-Saving Home Improvements
Reduce your monthly costs with these financially-savvy home improvements that are rented home friendly!
Introducing Pay by Bank
Our new tool Pay by Bank is our quickest method of transferring funds from your bank account to your credit union account.
Our Brixton Branch is Closing
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
Warning over loan sharks causing new year misery for families
Guest blog written by an expert from Stop Loan Sharks, addressing the ever relevant issue of illegal lenders.
Important: Current Phone Scams
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.
Avoiding the Minimum Payment Trap
Get yourself off of the debt treadmill this year by avoiding the minimum repayment trap.
How to go debt-free in 2022…
Do you want to become debt free in 2022? If you do, then here are our need to knows on Consolidation Loans
We’re turning 40 this year… here are our plans!
London Mutual Credit Union’s plans for 2022. Celebrating our 40th year by giving back to our community, members and staff.
New Years Resolutions to Keep Your Pockets Happy
Our tips and ideas to help you with your money and savings New Years Resolutions.
What to do now the Xmas Loan Deadline has Passed
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
Budget-Friendly Things to do in London this Christmas
Our top picks of things to do in London this winter…
Make this Christmas Magical with LMCU
A magical Christmas doesn’t have to be an expensive Christmas. Find out more about our Christmas Loans and Family Saver Loans.
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.
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
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
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....
How to achieve your financial goals in 2021
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...
5 financially savvy home improvements for renters
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...
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...
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...
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 […]
Top 3 differences between Credit Unions and banks
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. […]
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 […]