Benefits of being a credit union member

As a member of London Mutual Credit Union, you'll get:

Membership Account

Everyone who joins us receives this automatically. It is your 'main' account with us and is separate from any current account you may later decide to open with us. You can pay into it via salary deduction (if your employer offers it) or direct debit, and manage your account either by visiting us in a branch or via online banking.

Loans and Current Accounts

For most of us, borrowing is a part of ordinary life. We believe that when you do need to borrow, it should be on straightforward terms and at an affordable rate. If you're fed up with the hidden costs and complexities of high street current accounts, we can help there too, with a range of accounts with ATM withdrawals, debit cards and direct debits.

Share of Our Profits When the Credit Union Does Well

If we make a profit, you will receive your share (called a 'dividend') on the savings you have with us.

A Say in How the Credit Union Is Run

As a financial co-op, we are owned by our members. That means that as a member, it's your business. As a member, you'll have the right to attend our Annual General Meeting, where you can hear from our Directors, ask questions, and vote on key decisions which affect the business.