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Insider UK
Insider UK
Business
Peter A Walker

REVEALED: 1 820 member strathkelvin credit union declared in default | Vintage Vibes

FSCS

The Financial Services Compensation Scheme (FSCS) has stepped in to protect the members of Strathkelvin Credit Union, which has stopped trading and is now in default.

The FSCS is aiming to compensate the 1,820 members of the credit union, based Kirkintilloch, within seven days. Using the credit union's records, FSCS will send each member a cheque for their balance automatically.

FSCS expects the total compensation for Strathkelvin Credit Union to be around £1.96m.

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