Get the latest news, product and service announcements from London Mutual, along with our Money Gym financial education blogs.
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...
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...
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...
Please note that the lost and stolen phone number has now changed to 0345 603 8702. Calls to 0345 numbers cost the same as a call to a standard "01" or "02" landline number, even when calling from a mobile. Calls to an 0345 number are also included in any bundled...
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...
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.
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...
London Mutual Credit Union was featured in the Guardian News online today talking about how The Duchess of Cornwall has an account with us! Camilla was eligible to join London Mutual Credit Union because Clarence House is in the City of Westminster which is one of our...
Here is the moment on Monday 27th October that the Reverend handed over 135 new member applications to the LMCU from the South London Citizens! Fantastic news! A group of Peckham residents brought the applications to LMCU to highlight the services offered by our local...
Agreements with the Parliamentary authorities mean that anyone working in the Palace of Westminster can now join London Mutual Credit Union and save or repay loans direct from their wages. The initiative was launched on the 25th November 2013 at an event in Parliament...
We are pleased to announce that the Labour Leader Ed Miliband has joined the LMCU on 17th October 2013. We also welcomed the Bishop of Southwark Rt Revd Christopher Chessun who also has joined the LMCU to show his support for the credit unions.
We are thrilled to announce that our brand new Mobile Apps are ready for you to download. All apps are now free to download and easy to use, 24 hours a day. Now you could keep a track of your finances on the go 24 x 7 x 365. What you can do using Mobile Banking Apps...
London Mutual Credit Union opens new branch in Camden, with Cllr Sarah Hayward highlighting the importance of affordable credit for local families
London Mutual Credit Union (LMCU) is pleased to announce a merger with the Camden Plus Credit Union (CPCU) and as from 1st June 2013 everyone who lives or works in the London Borough of Camden will have access to our range of products and services. Due to financial...
The Minister for Welfare Reform David Freud showed his support for credit unions by applying to open an account at London Mutual Credit Union on Wednesday (22May). Lord Freud spoke to staff and members at the credit union's Peckham branch about the Government’s...
London Assembly Member Fiona Twycross joined London Mutual Credit Union in May 2013.Fiona’s Committee work at the Greater London Authority – she is currently leading an investigation in to the issues of food poverty in London on behalf of the London Assembly’s Health...
The Duchess of Cornwall who often supports organisations that offer practical help in their communities has decided to join a credit union.The Duchess wants to highlight the practical help that credit unions offer their communities in these difficult economic times....
We would like to congratulate Leanne Phillips, an employee of London Mutual Credit Union (LMCU), who has been awarded the Association of British Credit Union's (ABCUL) Tracy Slane award for 2013. Tracy Slane served as the ABCUL Conference Officer until her untimely...
During the financial year from 1st October 2011 to 30th September 2012, over £110,000 has been returned to London Mutual Credit Union members through a combination of a 1.5% dividend on their membership shares, 5% interest on Junior Savers shares and 3% interest on...
We are very pleased to announce that our new Head Office was officially opened on 31st January by the Rt Hon Harriet Harman, MP for Camberwell & Peckham, at 4 Heaton Road, Peckham, London SE15 3TH. Lord Roy Kennedy of Southwark handing over his membership...
LMCU is pleased to announce that it has launched 2 new loan products for London Mutual Credit Union members who are in full-time employment. Available in two variants, Gold and Platinum, loans are being offered from £5000 to £15000. Successful applicants can borrow at...
A new head office for London Mutual Credit Union, jointly owned by 16,000 members, will be opened on Thursday 31st January by Deputy Leader of the Opposition, Rt. Hon. Harriet Harman MP.London Mutual new premises in Peckham have been refurbished to provide an...
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