London Mutual Credit Union @ www.creditunion.co.uk

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London Mutual Credit Union (LMCU) was established in 1982 and was previously known as the Southwark Credit Union and is fortunate to run the www.creditunion.co.uk domain today. This trade union serves members who live or work in the London Boroughs of Lambeth, Southwark or Westminster. They have 4 branches that includes Bermondsey, Brixton, Camberwell and Peckham. There is also a note that back in September 2011 they had around 14,500 members and so I am sure that this number has continued to grow. When it comes to the London Mutual Credit Union loans, I was impressed to see a designated payday loan section that redirected to www.cuok.co.uk. The CUOK loan will cost 2% per month (26.8% APR) and so you would pay a charge of £2 per £100.

This charge is relevant to slow payments, with a same day transfer costing £11 that puts the overall charge up to £13 per £100. These London payday loans are as noted headlined on the exterior site. The www.creditunion.co.uk site itself is presented well and includes a secure login. Their main loan products are headlined here that includes the SCU Economy Loan (26.8% APR) and the SCU Premier Loan (13.7% APR) with the Premier product having larger amounts and terms. You can reach the London Mutual Credit Union by email at info@creditunion.co.uk or by phone on 0207 787 0770. For all such loans discussed here, membership is required that costs £7. This is made up of a fee of £2 and a deposit of £5 for the savings account.

London Mutual Credit Union