Company Information

Get to know London Mutual Credit Union

Founded in 1982 by employees of Southwark Council, London Mutual Credit Union has grown to become one of the largest credit unions in London. As a not-for-profit financial cooperative, it is owned and run by its members. The organization's mission is to promote financial well-being within the community by offering accessible savings accounts, affordable loans, and other financial services as an alternative to high-cost lenders. It has expanded its reach through mergers with other credit unions and now serves anyone living or working in the boroughs of Southwark, Lambeth, Camden, and Westminster.

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Financial BankingPRIMARY
Financial Other Service

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London Mutual Credit Union

United Kingdom

Founded in

1982 (44 Years)

Founded

Last online: No recent activity

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OVERALL SCORE

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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.

Regulated

Recommended

IUX

(2,283 reviews)

Mauritius

2015

(10 years)

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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.