FSCS in-default register

Basildon Credit Union Limited

Declared in default17 March 2025FRN 213229

What this means for you

Because Basildon 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

Basildon Credit Union Limited (FRN 213229), a UK-regulated credit union, has been declared in default by the Financial Services Compensation Scheme (FSCS) as of 17 March 2025. The firm provided credit union services to its members. Former customers may be entitled to FSCS compensation of up to £85,000 in respect of eligible deposits held with the firm.

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.