FSCS in-default register

Greater Milton and Possilpark Credit Union Ltd

Declared in default12 March 2019FRN 213624

What this means for you

Because Greater Milton and Possilpark 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

Greater Milton and Possilpark Credit Union Ltd (FRN 213624), a credit union, was declared in default by the FSCS on 12 March 2019. The firm provided credit union services to its members. Eligible depositors may claim compensation up to £85,000 under the FSCS deposit protection scheme.

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.