The Financial Services Compensation Scheme (FSCS) is the UK's statutory fund of last resort for customers of authorised financial services firms.More
Financial ombudsman Services (FOS) the independent service for settling disputes between businesses providing financial services and their customers More
Important information about compensation arrangements
We are covered by the Financial Services Compensation Scheme
(FSCS). The FSCS can pay compensation to depositors if a
credit union is unable to meet its financial obligations.
Most depositors - including most individuals and small businesses
- are covered by the scheme.
In respect of deposits, an eligible depositor is entitled
to claim up to £50,000. For joint accounts each account
holder is treated as having a claim in respect of their
share so, for a joint account held by two eligible depositors,
the maximum amount that could be claimed would be £50,000
each (making a total of £100,000). The £50,000
limit relates to the combined amount in all the eligible
depositor's accounts with the credit union, including their
share of any joint account, and not to each separate account.
For further information about the scheme (including the
amounts covered and eligibility to claim) please ask at
your local branch, refer to the FSCS website http://www.fscs.org.uk/
or call 0800 678 1100.
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