If you don't work for one of our employer partners but would still like to save regularly with us, a direct debit could be a good option.

A direct debit enables you to pay money into your Credit Union savings account from a bank or building society account you hold elsewhere. Once it is set up, the payment happens automatically, on a date and with an amount you choose. You can change or cancel this arrangement at any time.

How to set up a direct debit

We're in the process of developing an online service for this, but in the meantime, you'll need to complete a paper form to do this. The form can be returned by post or email.

  1. Download and complete the direct debit form here

  2. Decide how much you'd like to pay in each month, and on which date. 
    • You can choose from 1st, 15th, 20th and 25th of the month.
    • Many people make this the date they receive their salary/wages.

  3. Provide the account details of the bank or building society account the money will come from.

  4. Under 'reference', write in your credit union membership number. To receive a reminder of your membership number, text memnumber to 60060, and you'll receive an instant response.

  5. Return the form to accounts@creditunion.co.uk or by post to 
    FAO Accounts Department
    London Mutual Credit Union
    4 Heaton Rd
    London SE15 3TH