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Tel: 0141 445 0022 Fax: 0141 440 2294 Email: firstname.lastname@example.org
Important information about compensation arrangements
We are covered by the Financial Services Compensation Scheme (FSCS). The FSCS can pay compensation to depositors if a credit union is unable to meet its financial obligations. Most depositors – including most individuals and small businesses – are covered by the scheme.
In respect of deposits, an eligible depositor is currently entitled to claim up to £85,000. From January 1, 2016, however, the upper limit is changing for all financial institutions. Claims will be limited to a maximum of £75,000.
For further information about the scheme - including the reasons the regulators are changing the compensation limits, the amounts covered and eligibility to claim - please ask at your credit union office, refer to the FSCS website fscs.org.uk or call 0800 678 1100.