Website revamp in progress, please use the contact us link above to let us know your thoughts on website content and general site design.
Member Balance Enquiry, you will be able to log in to this website to get up-to-date share and loan balances.
We hope that you will find all the information you need within these pages, but if you do not, we would be pleased if you would contact us in person or by telephone or e-mail so that we can answer any questions you may have.
One very pertinent question uppermost in most peoples minds in the current financial crisis is:
YES!
The credit union is insured against theft and fraud and is regulated by the Financial Services Authority (FSA). There are strict legal guidelines on how it is run, with regular audits and controls.
In addition, since 2nd July 2002, all credit unions in this country are members of the Financial Services Compensation Scheme which also involves all banks and building societies. This means that you would be fully compensated if the credit union went out of business. This is something we do not contemplate with our credit union but it is a tremendous support for our members.
The first £50,000 of your savings is fully covered.
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 entitled to claim up to £50,000.
For joint accounts each account holder is treated as having a claim in respect of their share so, for a joint account held by two eligible depositors, the maximum amount that could be claimed would be £50,000 each (making a total of £100,000).
The £50,000 limit relates to the combined amount in all the eligible depositor’s accounts with the credit union, including their share of any joint account, and not to each separate account.
For further information about the scheme (including the amounts covered and eligibility to claim) please ask at your local branch, refer to the FSCS website or call 0800 678 1100.
For further information, click on the Frequently Asked Questions link on the left navigation bar.