FSCS in-default register

6 Towns Credit Union Ltd

Declared in default5 September 2023FRN 419396

What this means for you

Because 6 Towns 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

6 Towns Credit Union Ltd (FRN 419396), a UK-regulated credit union, was declared in default by the Financial Services Compensation Scheme on 5 September 2023. The firm provided credit union services to its members. Eligible depositors may claim compensation of up to £85,000 per person under FSCS protection rules.

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.