FSCS in-default register

Fairswan Credit Union Limited

Declared in default25 March 2003FRN 213770

What this means for you

Because Fairswan Credit Union Limited 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

Fairswan Credit Union Limited (FRN 213770) was declared in default by the FSCS on 25 March 2003. The firm's specific product types are not recorded in available data. Former customers may be entitled to FSCS compensation, though the applicable limits depend on the financial products held at the time of default.

Products this firm wrote

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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.