Renfrewshire Wide Credit Union Phone Number: +44 141 889 7442
Your savings are covered by the Financial Services Compensation Scheme (FSCS). The FSCS can pay compensation to depositors if a credit union is unable to meet its financial obligations. Most depositors – including most individuals and small businesses – are covered by the scheme.
**Changes to FSCS
FSCS is the body that give you automatic protection of you money when you are with a bank, building society and credit union. The protection covers you currently of up to £85,000 however as of January 1st 2016 this figure will be changing to £75,000.
For more information on the changes you can head over to the FSCS website.
If you need to contact us about any of this information then you can call us on 0141 889 7442 you can also email us – [email protected]
In respect of deposits, an eligible depositor is entitled to claim up to £75,000. For joint accounts, each account holder is treated as having a claim in respect of their share so, for a joint account held by two eligible depositors, the maximum amount that could be claimed would be £75,000 each (making a total of £150,000). The £75,000 limit relates to the combined amount in all the eligible depositors accounts with the credit union, including their share of any joint account, and not to each separate account.
Confidentiality: All business within the credit union is conducted in the strictest confidence and each elected officer and staff member must sign a pledge of secrecy which is binding for life. Credit unions must also comply with the Data Protection Act 1998 and Renfrewshire Wide Credit Union Ltd is authorised by the Prudential Regulation Authority and regulated by the Financial Conduct Authority and the Prudential Regulation Authority, registration number 446350
41 High St, Paisley,
Renfrewshire PA1 2AH, United Kingdom