FSCS in-default register

South Tyneside Credit Union Ltd

Declared in default4 April 2018FRN 213469

What this means for you

Because South Tyneside 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

South Tyneside Credit Union Ltd, registered with the Financial Conduct Authority under reference number 213469, has been declared in default by the Financial Services Compensation Scheme as of 4 April 2018. The firm provided credit union services to its members. Former customers of South Tyneside Credit Union Ltd may be entitled to FSCS compensation of up to £85,000 in relation to 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.