FSCS in-default register

Strathkelvin Credit Union Ltd

Declared in default22 February 2022FRN 213891

What this means for you

Because Strathkelvin Credit Union Ltd has been declared in default, you can't complain via the Financial Ombudsman Service in the normal way. Instead, eligible customers can apply to the Financial Services Compensation Scheme for compensation.

Background

Strathkelvin Credit Union Ltd (FRN 213891), a credit union offering membership savings and lending services, was declared in default by the Financial Services Compensation Scheme on 22 February 2022. Members with eligible deposits held at the firm may claim compensation of up to £85,000 per person under FSCS protection rules. The firm operated without any recorded trading names.

Products this firm wrote

Credit Unions

How to claim

  1. Check you were a customer of this firm during the period it was regulated.
  2. Gather your policy / advice / contract paperwork — start with anything you have in writing.
  3. Identify your loss and the date it crystallised.
  4. Apply via the FSCS online claim portal at claims.fscs.org.uk.
  5. The FSCS investigation typically takes 6–18 months. They will assess eligibility, liability and quantum.