| We are covered by the Financial Services
Compensation Scheme (FSCS). The FSCS can pay compensation
to depositors if a credit union is unable to meet its financial
obligations. Most depositors - including most individuals
and small businesses - are covered by the scheme.
In respect of deposits, an eligible depositor is entitled
to claim up to £85,000, for joint accounts each account
holder is treated as having a claim in respect of their share
so, for a joint account held by two eligible depositors, the
maximum that could be claimed would be £85,000 each
(making a total of £170,000). The £85,000 limit
relates to the combined amount in all the eligible depositor's
accounts with the credit union, including their share of any
joint account, and not to each separate account.
For further information about the scheme (including the amounts
covered and eligibility to claim) please call us on 0141 954
3674 or ask at your local branch, refer to the FSCS website
, or call 0800 678 1100
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