FSCS in-default register

North East Warrington Credit Union Ltd

Declared in default4 May 2022FRN 213530

What this means for you

Because North East Warrington 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

North East Warrington Credit Union Ltd (FRN 213530), a credit union offering savings and lending services to members, was declared in default by the Financial Services Compensation Scheme on 4 May 2022. The firm had provided credit union membership products to its customer base prior to the default declaration. Former members may be entitled to FSCS compensation of up to £85,000 per person for eligible deposits held with the institution.

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.