FSCS in-default register

Khalsa (Bradford) Credit Union Limited

Declared in default3 October 2008FRN 213329

What this means for you

Because Khalsa (Bradford) Credit Union Limited 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

Khalsa (Bradford) Credit Union Limited (FRN 213329) was declared in default by the Financial Services Compensation Scheme on 3 October 2008. The firm operated as a credit union but specific product categories are not recorded in available data. Former customers may be entitled to FSCS compensation of up to £85,000 for eligible deposits held with the firm at the time of default.

Products this firm wrote

--

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.