News

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 counters and an iPad stand where members can join the credit union, apply for low cost loans and carry out other online transactions. Located in a busy high street, close to public transport
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 personnel to save with and pay off loans from a credit union directly from their salary or pension. Significantly, in conjunction with this important event, Lance Sergeant Johnson Beharry VC has joined London Mutual
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 5.9% with a gold loan and at 6.9% with a platinum loan, over a term lasting 6 months to 60 months. Please see our loans page for further details on criteria and how to apply.
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 minutes or free talk time that cavers landline calls. Where calls are made outside of a bundle you will be charged at local rate to ring 0345 number. For
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 limit of £75,000 will apply. For further information please visit the FSCS website.