FSCS in-default register

Spa Credit Union Ltd

Declared in default18 February 2016FRN 213635

What this means for you

Because Spa 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

Spa Credit Union Ltd (FRN 213635) was declared in default by the Financial Services Compensation Scheme on 18 February 2016. The firm provided credit union services to its members. Eligible former members may be entitled to FSCS compensation of up to £85,000 in respect of their deposits with the institution.

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.