FSCS in-default register

Plough and Share Credit Union Ltd

Declared in default6 June 2017FRN 213704

What this means for you

Because Plough and Share 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

Plough and Share Credit Union Ltd (FRN 213704) has been declared in default by the Financial Services Compensation Scheme as of 6 June 2017. The firm provided credit union services to its members. Former customers may be entitled to FSCS compensation of up to £85,000 in respect of eligible 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.