How can a credit union help you?

Instead of confusing jargon, think comfy sofa and a cup of tea. A credit union is a friendly, straightforward financial provider with our members at the heart of what we do. That means what matters is you, not how much profit we make.

A credit union is there for you with flexible, approachable financial services and advice, whether it's for personal loans or savings, or business loans and services.  We operate solely for you, not our stakeholders, which means our members - that’s you and your community - are in control.

A credit union believes in local community - the savings you put in act as the loan for someone else, so your money never leaves the community. Every penny is used to benefit you. That doesn’t mean less security though - we’re regulated by Financial Services Compensation Scheme (FSCS), so you know your money is safe.

Your East London Credit Union

Savings, loans and business services tailored to you.

We’re here for a more flexible alternative to your usual way of banking. But our members are in control - we exist solely for you.

We provide a secure place to save like you’re used to and, if you need a hop up the ladder for some home improvements, we offer flexible loans with sensible repayments. You’ll be covered by the Financial Services Compensation Scheme and we’ll look after you, never offering anything you can’t afford. And if we generate surplus, that money goes straight back to you and your savings. Last year, our adult members received 1% whilst our junior savers received 3%. Sounds pretty inviting, doesn’t it?

What are the benefits of joining East London Credit Union?

Access savings & apply for loans whilst helping your local community

Being part of East London Credit Union doesn’t only mean high returns on savings and low rates on loans. You’ll be helping out people just like you and you’ll be helped in return. We only lend money to our members - people who live, work, study and worship here. And in return, you only borrow money from the same people.

That means, the money stays in your local community and you help local shops and businesses grow.

  • Secure savings with access when you need it
  • Help support East London businesses
  • Quick & easy loan application with fast decisions
  • Manage your account(s) online or on our mobile app
  • Every penny saved benefits our members

Are you eligible to join East London Credit Union?

Find out about our 'Common bond'

Membership of East London Credit Union is available to everyone who lives, works, studies or worships in the borough:

  • Waltham Forest
  • Harringey
  • Redbridge
  • Enfield
  • Newham
  • Hackney
  • Epping Forest District

To see if you are eligible to join us, please see our common bond criteria.
To join us, you need to apply for an account.  You can apply online for loans or savings accounts, or business loans and services.

Interested in joining us?

We would be delighted to welcome you to our credit union.  Find out more about eligibility requirements.
Read more about our 'Common Bond'

Ways to bank

Banking that’s convenient for you



Use our quick & easy online service



Call us on 020 8520 8740


In branch

Visit us at 72-74 High St, Walthamstow, E17 7LD


Mobile app

Manage your account on-the-go

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