London Mutual Credit Union (HQ)

Ogólne informacje

London Mutual Credit Union (LMCU) is a financial co-operative that exist for the benefits of our members who live and/or work in London Boroughs of Southwark, Lambeth, Westminster or Camden, Serving members of the British Armed Forces and all worshippers of the New Testament Church of God. The credit union, like banks and building societies, is regulated by the Financial Conduct Authority (FCA) and authorised by the Prudential Regulation Authority (PRA). Savers’ deposits are protected by the same Financial Services Compensation Scheme that covers banks and building societies. OUR SERVICES We provide some of the most comprehensive local banking services to our community including: - Saving Accounts - Current Accounts - Multiple Ethical Loans - Payday Loans - Employer Payroll Reductions - Junior Accounts - Schools Young Savers You can find out more by visiting our website: http://www.creditunion.co.uk WHAT ARE CREDIT UNIONS? Credit unions are like banks but are owned by its members as a cooperative. Therefore, unlike banks, credit unions are not for profit, with the profits generated being passed back to its members. Credit unions are regulated by the same regulators as banks but also are mandated by credit union specific legislation, ensuring that they operate more ethically than retail banks. London Mutual Credit Union for example offers multiple services that are similar to banks such as loans, savings account and even payroll deductions, but at affordable prices. All...