A credit union is a financial co-operative owned by its members. It is a “not for profit” organisation which offers savings and affordable loans to its members. Credit unions work by members saving together to create a pool of money from which loans can be made at fair and reasonable rates of interest, with any profits retained or paid to savers as a dividend.

Lewisham Plus Credit Union Limited was founded in 1992. We were formerly known as ACTS CU Limited and merged with Deptford and New Cross Credit Union Limited in 2010.  In September 2023 we merged with Crownsavers Credit Union Limited.  Crownsavers was launched in 1997 and was originally known as Lewisham Employees' Credit Union.  It was led by Dolores Beckford, a much admired leader and an active participant in the wider credit union community, until her untimely death in 2020.

Whilst our legal entity name remains Lewisham Plus Credit Union Limited, we now trade as Lewisham + Bromley Credit Union.

We serve over 15,000 adult members, over 1,350 junior savers, and over 50 corporate members through our four local branches based in Catford, New Cross, South Lewisham and Sydenham. Anyone who lives or works in the London Boroughs of Lewisham or Bromley or in the SE19 post code can join, as can anyone who works for one of the following organisations:

• Phoenix Community Housing Association
• Lewisham Homes
• Lewisham Council
• Lewisham and Greenwich NHS Trust
• JSS Pinnacle
• London & Quadrant Group
• Marston NSL
• Oakbridge Schools Federation

We conduct our business in a way that is ethical and contributes to the social and economic wellbeing of the communities that we serve.

Our individual and approachable service is volunteer led but professionally managed. We exist for you and because of you.

See our short video:

VISION STATEMENT AND STATEMENT OF OUR CORE VALUES AND OBJECTIVES

VISION                 

To promote financial inclusion and be a trusted and preferred provider of financial services in Lewisham and Bromley

CORE VALUES 

• Placing members’ mutual interests first 
• Operating in an ethical and sustainable way in accordance with the Co-operative Principles
• Being at the forefront of financial inclusion and embracing the diversity of our community
• Working with integrity, respect and equality of opportunity 
• Supporting, valuing, training, engaging and encouraging staff and volunteers, who will always strive to exceed expectations

CORE OBJECTIVES

• To increase membership and grow our organisation sustainably
• To support and serve the financial needs of the people of Lewisham and Bromley 
• For the members, staff and Board to reflect the diversity of the community that the Credit Union serves
• To embrace innovation and technology, while maintaining face-to-face services through our branches
• To ensure good governance, oversight, management and regulatory compliance
• To develop partnerships with key stakeholders who support our vision

We are a member of the Financial Services Compensation Scheme (FSCS). The FSCS pays compensation to depositors if the credit union is unable to meet its financial obligations. Depositors including individuals and small businesses are covered by the scheme by up to £85,000.

Further Information about the Credit Union