FSCS in-default register

Ballymacarrett Credit Union Ltd

Declared in default17 October 2014FRN 576110

What this means for you

Because Ballymacarrett 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

Ballymacarrett Credit Union Ltd (FRN 576110) was declared in default by the Financial Services Compensation Scheme on 17 October 2014. The firm's product types were not specified in available records. Eligible claimants may be entitled to compensation up to £85,000 for deposits held with the firm at the time of default.

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.