North London Credit Union is a not–for-profit financial co-operative established in 1994. We are owned and controlled by our members, managed and staffed by local people and have a strong voluntary element.


Our Vision


We believe that everyone deserves appropriate, fair financial products that meet their needs and improve their financial well-being.


Our Values: ethical; fair and secure


  • Ethical: we aim to provide financial services that meet the needs and expectations of our members, with integrity and in a professional manner.
  • Fair: we strive to treat our members as individuals and to treat everyone with respect; regardless of income or background.
  • Secure: we are authorised by the Prudential Regulation Authority and regulated by the Financial Conduct Authority & the Prudential Regulation Authority. Members’ deposits are covered by the Financial Services Compensation Scheme (FSCS). Our Registered Office is 6, Caxton House, 129, St John’s Way, London N19 3RQ (postal address only) and our registration number is 213809.


More Information


We work in partnership with many reputable organisations that share our outlook in order to promote good financial practice and financial inclusion as widely as possible.


We are a proud member of the largest trade body for credit unions in the UK, the Association of British Credit Unions (ABCUL).


There is more detailed information about credit unions, their history and services from the Association of British Credit Unions Limited (ABCUL).

Like all credit unions, North London Credit Union is a financial co-operative, owned and controlled by its members. By choosing to save or borrow from a credit union you will see how we differ from other financial firms:


  • We operate a different business model, with members electing the directors
  • Each member has one vote, regardless of how much they hold in savings in the credit union
  • Any operating surplus generated from a credit union’s activities is either re-invested in the business or distributed among members by way of a dividend
  • Our common ethos is providing ethical financial services to members, regardless of how big or small a credit union may be (and worldwide, credit unions now control assets worth billions of pounds)
  • Credit unions offer a range of savings accounts, with members choosing how much – or how little – they want to save. We also offer loan products suited to members’ needs, with the focus being on the member’s ability to afford repayments
  • Independent surveys of customers consistently show a high customer satisfaction rate with the quality of service at credit unions (read more here).

We are led by an independent, elected, voluntary Board of Directors


Directors set the strategy for the Credit Union and have overall responsibility for deciding the long-term objectives of the credit union, approving policy and mitigating risk.


We are monitored by an elected Supervisory Committee


Providing the internal audit function for the credit union, the Supervisory Committee ensures that the organisation is being run in the best interests of its members through regular planned and unscheduled visits.


Credit unions are owned by our members, who can have their say in how we are run


As a cooperative, each member is an owner of the Credit Union and has the opportunity to attend and vote at our Annual General Meeting (AGM), should they want one.


We are monitored by external, independent bodies


Credit unions are ‘dual regulated’, that is, we are authorised by the Prudential Regulation Authority (PRA) and regulated by the Financial Conduct Authority (FCA) and the PRA, in the same way as banks and building societies.


All PRA-authorised firms must provide regular updates to the Bank of England about our performance. We are audited annually by a specialist accountancy firm who have a duty to thoroughly examine our books and report what they find.

Each credit union serves a group of people who have something that connects them. This is known as their ‘common bond’.


North London Credit Union is open to people to whom at least one of the following criteria applies:


They live, work, worship, study or volunteer in the London Boroughs of Barnet, Enfield, Haringey or Waltham Forest or in the postcode areas of EN6, EN7, EN8, EN9, EN10 or EN11.


They are employees of the following organisations, regardless of where they live or which site they work at:


  • Barnet & Southgate College*
  • Central London Community Healthcare NHS Trust
  • Citizen’s Advice Enfield*
  • College of North East London (CONEL)*
  • London Borough of Enfield (including Enfield Schools and Independence & Wellbeing)*
  • Enfield Enterprise*
  • London Energy (formally London Waste)*
  • North Middlesex University Hospital NHS Trust*
  • Reynolds Catering Services Limited*
  • Royal Free NHS Trust


*We have partnerships with these employers to enable staff to save by deduction from their payroll. Please see our Payroll section for more information.


Business owners from outside the above areas can join if they are members of London Enterprise Club, North London Chamber of Commerce & Enterprise or Your Business Community (YBC).

Member of ABCUL

Authorised and Regulated by

Your money is protected up to £85,000