FSCS in-default register

Tullycarnet Credit Union Ltd

Declared in default14 November 2025FRN 576218

What this means for you

Because Tullycarnet 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

Tullycarnet Credit Union Ltd (FRN 576218), a credit union offering savings and lending services, was declared in default by the Financial Services Compensation Scheme on 14 November 2025. The firm had been authorised to accept deposits from members. Former customers may be entitled to FSCS compensation of up to £85,000 per person in respect of eligible deposits held 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.