FSCS in-default register

Yoker Credit Union Ltd

Declared in default18 April 2017FRN 213984

What this means for you

Because Yoker 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

Yoker Credit Union Ltd (FRN 213984), a credit union offering savings and lending products, was declared in default by the FSCS on 18 April 2017. Members with eligible deposits held at the firm may be entitled to compensation of up to £85,000 per person under the FSCS deposit protection scheme. The declaration followed the firm's inability to meet its obligations to depositors and borrowers.

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.