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Tel: 0141 445 0022 Fax: 0141 440 2294 Email: admin@nhscreditunion.com

28 March 2017
Financial Services Compensation Scheme

Important information about compensation arrangements

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 currently entitled to claim up to £85,000. From January 1, 2016, however, the upper limit is changing for all financial institutions. Claims will be limited to a maximum of £75,000.

For further information about the scheme - including the reasons the regulators are changing the compensation limits, the amounts covered and eligibility to claim -  please ask at your credit union office, refer to the FSCS website fscs.org.uk or call 0800 678 1100.

NHS Credit Union Limited Tel: 0141 445 0022 Fax: 0141 440 2294 Email: admin@nhscreditunion.com Web: http://www.nhscreditunion.com
NHS (Scotland & North England) Credit Union Ltd is Authorised by the Prudential Regulation Authority and regulated by the Financial Conduct Authority and the Prudential Regulation Authority. ‘NHS Credit Union Ltd’ is a registered trading name of NHS (Scotland & North England) Credit Union Ltd.