Business and Other Briefings

FSCS: The Financial Services Compensation Scheme (FSCS) is stepping in to protect members of two credit unions in Skelmersdale and Lanark, who may have lost money after the credit unions became insolvent.


FSCS has declared Skelmersdale Credit Union Limited and Clydesdale Credit Union Limited in default.  This means that FSCS can consider compensation claims from members of these credit unions who have lost money.


For deposit claims, such as claims against credit unions, FSCS can pay compensation of 100% of the first £2,000 of a loss and 90% of the remainder, up to a maximum of £31,700 per person.  Members of these credit unions who have not received an application form from FSCS should contact the Scheme on 020 7892 7300.

Press release ~ Financial Services Compensation Scheme (FSCS) ~ Association of British Credit Unions~National Association of Credit Union Workers~ FSA Credit Unions
Spotlight on women at Serco – Anita’s story