FSCS in-default register

Shiremoor and District Credit Union Ltd

Declared in default9 July 2018FRN 213333

What this means for you

Because Shiremoor and District 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

Shiremoor and District Credit Union Ltd (FRN 213333), a credit union offering savings and lending services, was declared in default by the Financial Services Compensation Scheme on 9 July 2018. The firm had provided credit union products to its membership base. Former members may be entitled to FSCS compensation of up to £85,000 in respect of eligible deposits held with the firm at the time of default.

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.