We have extended our catchment area to include the London Borough of Lambeth. This means that if you live or work in the London Boroughs of Southwark or Lambeth, you can now become a member of this credit union.

To reflect this change, we will be changing our name soon to London Mutual Credit Union.

We have done this in order for us to help the credit union in Lambeth - the Lambeth Savings & Credit Union was experiencing some difficulties over the past year. By helping other co-operatives we are truly adhering to our co-operative principles - "
Co-operation among Co-operatives - Co-operatives serve their members most effectively and strengthen the co-operative movement by working together through local, national, regional and international structures".

The members of the Lambeth Savings & Credit Union are now members of the London Mutual Credit Union (LMCU). Formerly known as the Southwark Credit Union, LMCU is one of the fastest growing credit unions in the country and the largest community credit union in London. This expansion will bring even more new opportunities for the LMCU and its membership and ultimately will help to achieve our mission of providing our members with access to reasonably priced financial services and encourage the development of good financial practice

We are so proud that our credit union so far has helped the membership of four other credit unions in and around Southwark.