London Mutual Credit Union

What we do here at the London Mutual Credit Union is facilitate a financial cooperative that exists and was created for the benefits of our members who live and/or work in London Boroughs from Southwark to Camden.

Additionally, we serve members of the British Armed Forces and worshippers of the New Testament Church of God. 

We formed London Mutual Credit Union in 1982 to provide credit union services to employees of the London Borough of Southwark. Since then we have merged with six of the local credit unions. Ever since the beginning of the credit union method, it has demonstrated the principle of “People Helping People to Help Themselves” and this is still the same today.

Regulated and trusted

As with all other financial institutions, we are regulated by the Financial Conduct Authority (FCA) and authorised by the Prudential Regulation Authority (PRA). Members of can rest assured knowing that their deposits are protected by the same Financial Services Compensation Scheme that protects banks and building societies.

Our mission

• Our number one mission is to provide our valuable members with access to reasonably priced financial services and encourage the development of financial wellbeing.
• As a reputable credit union, we strive to empower the communities where we live and work in and it has always been an important part of our business philosophy.
• As a community-based and member-owned financial institution, we do business in such as way that it contributes to the social, economic, and environmental wellbeing of the communities, in which we operate.

Do you require financing for a new car, holiday, or any unexpected expense? We provide our members with a number of award winning personal loan products with low interest rates.

Responsible lender - We follow the practices of an ethical and fair organisation. Thus, we only lend responsibly and in a way that is built around your ability to repay the loan.

Standard features of the credit union

• The credit union deals only with its members
• The members choose how the surpluses are distributed
• The credit union management is of a voluntary nature

Benefits of our services

• No hidden cost
• No arrangement fee
• No early repayment penalties are our policy.

Build or restore your credit rating

As we understand that borrowing money responsibly can help build or restore a credit rating. It can also help make necessary purchases or pay for higher education fees. We have developed a number of quick loan products and financial assistant services to make it possible for you to reach your financial goals.

We offer the following loan types to members

• Plus Loans
• Gold and Platinum Loans
• Pay Day Loans
• Premier Loans
• General Information
• Saver Loans

With our range of long and short term loans, you are sure to find a loan that is best suited to your personal requirements.