FSCS in-default register

Parkhead Credit Union Ltd

Declared in default3 April 2019FRN 213760

What this means for you

Because Parkhead 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

Parkhead Credit Union Ltd (FRN 213760) was declared in default by the FSCS on 3 April 2019. 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 their 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.