SEPTEMBER 2015 – New lower-priced loan products

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...

JULY 2015 – New Lost & Stolen phone number

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...

JULY 2015 – New compensation limits

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...

MAY 2015 – Southwark Smart Savers scheme

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...

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