FSCS in-default register

Harp Credit Union Ltd

Declared in default4 September 2018FRN 213509

What this means for you

Because Harp 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

Harp Credit Union Ltd (FRN 213509), a credit union providing savings and lending services to members, was declared in default by the Financial Services Compensation Scheme on 4 September 2018. The firm had offered credit union products, which fall under the deposits category of FSCS protection. Former members may be entitled to compensation of up to £85,000 per eligible claim under the FSCS deposit protection limit.

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.