FSCS in-default register

Portadown Diamond Credit Union Limited

Declared in default26 April 2013FRN 574024

What this means for you

Because Portadown Diamond 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

Portadown Diamond Credit Union Limited (FRN 574024) has been declared in default by the Financial Services Compensation Scheme (FSCS) as of 26 April 2013. The firm's specific product offerings cannot be determined from available records. Former customers of the firm may be entitled to FSCS compensation, though the applicable limits depend on the products held, with standard cover of £85,000 for deposits and investments, and 90% of losses for insurance products.

Products this firm wrote

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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.