About Us

About Us

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: North London Credit Union Limited is a not-for-profit financial cooperative, run and controlled by its members. 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 3 George Mews, Enfield, Middlesex, EN2 6JA and our registration number is 213809.

More Information

We work in partnership with any reputable organisation that shares our outlook, in order to promote good financial practice 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).

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).

We publish our Annual Accounts and Reports

Credit unions are open, transparent organisations, run by and for their members and as such, we make our performance figures, aims and objectives available to public view.

Here you can find our latest annual reports and accounts, so that you can see how we are performing. Please feel free to contact us should you have any questions or comments: info@northlondoncu.org

Please note, the credit union financial year runs from 1st October to 30th September and all accounts are subject to an external audit and acceptance by members at our AGM prior to publication.

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.

They are 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.