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Tel: 020 7561 1786 (Multilingual advisors available)  •  Fax: 020 7272 8192  •  Email: info@credit-union.coop

Fri 18-Aug-2017
NewsSomething to shout about!
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23 October 2015
Something to shout about!
We’re delighted to report that membership of London Capital Credit Union has increased by 25% in the last year, which means that nearly 13,000 people now benefit from our services.

In addition, savings with us have increased by 31% and our low cost Saver Loans balances have risen by 36%.

Chief Executive Martin Groombridge says: “It’s great news that more and more people are turning to us as their first choice for savings and loans. In particular, more people now recognise us as a mainstream provider of low cost loans.”

London Capital Credit Union’s low cost Saver Loans are proving to be a very popular choice, as they offer a great way of moving from borrowing into a savings habit. Instant Saver Loans are available as soon as someone joins the credit union, but members who have saved at least £27 a month with us for nine months can apply for our Saver Loan, which has a lower fixed rate of interest of 12.7% APR. 

These loans are unique in that a part of your regular repayments are allocated to your savings account, which means that as you repay your loan you savings grow. You cannot withdraw your savings until the loan is repaid and this means that you gradually reduce and ultimately eliminate your need to borrow. 

Martin Groombridge adds: “Most people don’t want to borrow any more than they have to, but there are times in everyone’s lives where a little bit of extra cash can be useful – or even essential. By joining London Capital Credit Union now and putting a little bit of money away each month, you can qualify for very favourable terms on a loan when you need it.”


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  • London Capital Credit Union
  • Tel: 020 7561 1786 (Multilingual advisors available)  • 
  • Fax: 020 7272 8192  • 
  • Email: info@credit-union.coop
  • Web: http://www.credit-union.coop
Authorised by the Prudential Regulation Authority & regulated by the Financial Conduct Authority & the Prudential Regulation Authority. Firm Ref. No. 214094