About Us

A credit union is a financial co-operative owned and managed by its members. Members are able to save with us, receiving an attractive rate of return, or to borrow at a competitive rate of interest.

If you live or work in North London we will be pleased to have you as a member.

Totally Secure

The credit union is regulated by the Financial Services Authority, which oversees all banks and financial institutions, to ensure we adhere to the highest prudential standards.

The savings of all members are insured with the Financial Services Compensation Scheme, so that in the event of the credit union failing, all members will be fully compensated. Click here for more information.

Our directors are approved by the Financial Services Authority to ensure they are fit persons to manage a financial institution, and insurance is in place to protect members should any of their money be lost due to fraud on the part of anyone involved in the Credit Union.

An Ethical Organisation

We aim to promote sound financial management by lending responsibly and encouraging members to save. We are open to any member of the community, and are particularly keen to help those who cannot borrow from conventional sources without paying exceptionally high rates of interest.

We are a member of the Association of British Credit Unions, the largest trade body for credit unions in the UK, as well as of the Community Development Finance Association, Social Enterprise London and the Centre for Responsible Credit

A Democratic Organisation

As a co-operative we are owned by our members, and our directors are elected by our members each year on a one member one vote basis.

A Worldwide Movement

North London Credit Union is part of a world-wide movement of similar organisations, details of which can be found at www.woccu.org.