FSCS in-default register

Redcar and District Credit Union Limited

Declared in default2 March 2010FRN 213632

What this means for you

Because Redcar and District 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

Redcar and District Credit Union Limited (FRN 213632) was declared in default by the Financial Services Compensation Scheme on 2 March 2010. The firm, which operated without alternative trading names, provided credit union services to members. Former customers may be entitled to FSCS compensation of up to £85,000 for eligible deposits held with the institution at the time of default.

Products this firm wrote

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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.