FSCS in-default register

K&C Credit Union Ltd

Declared in default9 October 2018FRN 564084

What this means for you

Because K&C 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

K&C Credit Union Ltd (FRN 564084) has been declared in default by the Financial Services Compensation Scheme as of 9 October 2018. The firm provided credit union services to its members. Eligible claimants may be entitled to compensation of up to £85,000 per person under FSCS protection rules for deposits held with the institution.

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.