Notable for being one of the first credit unions to lend money to businesses, North London Enterprise Club Credit Union was formed for members of the North London Enterprise Club in 1994. It became North London Chamber and Enterprise Credit Union in association with North London Chamber of Commerce in 1997 and North London Enterprise Credit Union in 2006, before adopting its final name in 2009.
In 2016, the credit union was awarded a grant of £50,000 by the Lloyds Banking Group Credit Union Development Fund to support its capital asset ratio, loan growth and future sustainability.[1]
In 2022, the directors approached the larger, stronger London Capital Credit Union with a view to merger. The transfer of engagements was completed in 2023, ending 29 years of independent trading.