Company Information

Get to know London Community Bank

London Mutual Credit Union (LMCU), which trades as London Community Bank, is a financial cooperative founded in 1982. As a credit union, it is owned and run by its members, not external shareholders. Its mission is to provide ethical and affordable financial services to its community, promoting financial well-being and offering a local alternative to traditional banks and high-cost lenders. The credit union has grown over the years by merging with other local credit unions and now serves anyone who lives or works in the London boroughs of Southwark, Lambeth, Camden, and Westminster.

Industry

Financial BankingPRIMARY
Financial Other Service

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London Community Bank

United Kingdom

Founded in

1991 (35 Years)

Founded

Last online: No recent activity

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OVERALL SCORE

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Regulated

Recommended

(73 reviews)

Cyprus

2009

(17 years)

Security Information :

CySEC

FSCA

DFSA

Security Information

Warning

This company is currently Unproved.

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License

A Grade License

Issued by globally renowned regulators, these licenses ensure the highest trader protection through strict compliance, fund segregation, insurance, and regular audits. Dispute resolution and adherence to AML/CTF standards further enhance security.

B Grade License

Granted by respected regional regulators, these licenses offer robust safety measures such as fund segregation, financial reporting, and compensation schemes. Though slightly less strict than Tier 1, they provide dependable regional protection.

C Grade License

Issued by regulators in emerging markets, these licenses offer basic protections such as minimum capital requirements and AML policies. Oversight is less stringent, so traders should exercise caution and verify safety measures.

D Grade License

From jurisdictions with minimal oversight, these licenses often lack key protections like fund segregation and insurance. While attractive for operational flexibility, they pose higher risks to traders.

TrustFinance is not a licensed financial advisor and is not affiliated with any financial institutions in your region. We encourage you to do your own research before making any investment decisions.