FSCS in-default register

Caribbean Parents Group Credit Union Limited

Declared in default21 June 2011FRN 213438

What this means for you

Because Caribbean Parents Group Credit Union Limited 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

Caribbean Parents Group Credit Union Limited (FRN 213438) was declared in default by the FSCS on 21 June 2011. The firm operated as a credit union but specific product types are not recorded in available data. Former customers may be entitled to FSCS compensation of up to £85,000 for deposits held with the firm, subject to the standard deposit protection scheme limits applicable at the time of default.

Products this firm wrote

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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.