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News & Blog

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

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.

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.

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...

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…?

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

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.

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.

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

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

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...

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.

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.

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

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…

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 […]