Authorised and Regulated by the Financial Services Authority
FRN 213655
T: 01472 361990 | E: nelcreditunion@gmail.com
By joining the Credit Union, you become part of a scheme that is successful all over the world. In the Irish Republic 48% of the population are members of a Credit Union. In the United States the figure is one third of the population. Credit Unions have also aided growth in less developed countries. In all there are over 42,000 credit unions serving 157 million members in 92 countries.
There are about 350 Credit Unions in England and Wales, with over half a million members who hold savings of over £400 million. The Credit Union is run by ordinary people, many of whom give their time and skills freely for the benefit of all members.
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Address: Ground floor, St James House, St James Square, Grimsby, DN31 1EP
We 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.
In respect of deposits, an eligible depositor is entitled to claim up to £85,000. 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 £85,000 each (making a total of £170,000).
The £85,000 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.
For further information about the scheme (including the amounts covered and eligibility to claim) please ask at your local branch, refer to the FSCS Website or call 0800 678 1100.
For further advice and a FREE financial health check click on the link below to access
the Money Advice Service: http://www.moneyadviceservice.org.uk/healthcheck?utm_source=ABCULInt&utm _medium=Email&utm_campaign=NPT-