FSCS in-default register

Gloucestershire Credit Union Ltd

Declared in default14 September 2022FRN 214254

What this means for you

Because Gloucestershire 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

Gloucestershire Credit Union Ltd (FRN 214254), a credit union offering savings and loan products, was declared in default by the Financial Services Compensation Scheme on 14 September 2022. Members with eligible deposits held at the firm may be entitled to compensation of up to £85,000 per depositor under FSCS protection rules. The declaration followed the firm's inability to meet its financial obligations to creditors and members.

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.