Record Summer Lending Surge at London Capital Credit Union

London Capital Credit Union has reported its highest ever monthly lending figures, issuing over £1.3 million in loans during July 2025, in a significant milestone for the fast-growing mutual. At the same time, total member savings surpassed £22 million for the first time — underlining both strong demand for affordable credit and growing confidence in ethical financial services.

The credit union, which now serves more than 20,000 members, has seen rapid growth in both its Saver Loan and Homeowner Loan products. CEO Martin Groombridge highlighted the growing pressure on household finances as a key driver: “With increasing pressure on family finances, we are seeing ever more people looking at ways of clearing expensive credit with our Saver Loans. This enables people to reduce monthly outgoings and start saving, so they are less likely to need to borrow again.”

London Capital’s Homeowner Loans have also contributed to the lending boost, with more borrowers taking advantage of the product’s commitment to beat any bank offer on loans from £7,000 to £40,000 – often used to fund large-scale home improvements.

The credit union’s recent annual membership survey reveals further insight into its social impact. Almost half of respondents said they had no savings at all before joining, with the credit union providing a critical foundation for long-term financial wellbeing. Member satisfaction remains high, with an average score of 9.0 out of 10 – another year on year improvement.

Martin added: “We know that this is a significant achievement and is a credit to our staff and volunteer team. High levels of member satisfaction continue to be the most effective method of driving membership recruitment and are core to our objectives as a member-owned co-operative.”