London Mutual Credit Union and Manchester Credit Union choose Vouchsafe for faster, safer member onboarding
Jaye Hackett
Two of the UK’s largest credit unions, jointly representing more than 74,000 members, are now using Vouchsafe to safely and easily onboard more people.
London Mutual Credit Union serves over 42,000 members across Southwark, Lambeth, Westminster and Camden, as well as those working for large employers like the NHS, TfL and many local authorities.
Even people on decent incomes in London can be knocked off track by one unexpected cost. LMCU helps them access fair, affordable finance when they need it.
Manchester Credit Union serves more than 32,000 members across Manchester, Trafford, Rochdale, Bury, Tameside, Stockport and High Peak. With a strong local presence and growing digital offering, MCU continues to expand access to savings and credit across Greater Manchester.
Both organisations selected Vouchsafe to improve onboarding speed, reduce fraud risk and make it easier for more people to access their credit, saving and everyday banking services.
Lakshman Chandrasekera, CEO of London Mutual Credit Union, said:
“London Mutual serves 45,000 members across four London boroughs — nurses, transport workers, teachers, council staff, armed forces personnel and many others, each with their own financial goals and circumstances.”
”Joining a credit union should be as easy as anything on the high street. This partnership helps us remove friction at the front door with the ease and convenience people expect, and without compromising the trust and safeguards that keep their money safe.”
Amanda Wilcocks, CEO of Manchester Credit Union, said:
“Credit unions succeed when they are both accessible and trusted. As we continue to grow, we need systems that let us onboard members quickly without compromising on security. Vouchsafe gives us that balance, helping us reach more people across Greater Manchester in a way that works for them.”
Chloe Coleman, CEO of Vouchsafe, said:
“Credit unions are doing the heavy lifting in communities that mainstream finance has walked away from. The government is pushing the sector to double by 2030. That doesn’t happen unless member onboarding gets radically easier and more reliable.”
“Vouchsafe is a tech-for-good-company, and we’re so proud to now be supporting access to fair credit and other affordable banking services in England’s two biggest cities.”
What is Vouchsafe?
Vouchsafe helps regulated firms replace legacy document checks with safe, easy digital ID acceptance, with inclusive fallbacks for those without.
We pioneered vouching; a way for those without good ID to get verified with the help of a trusted referee. It’s automatic and fully compliant with FCA rules.
Through partnerships with popular platforms like incuto and Caroma Systems, we help credit unions grow their membership, approve more loans and compete with mainstream finance.
Book a call to learn more about Vouchsafe, or get a free 14 day trial of all features, no credit card needed.
