Did you know that Hillingdon Credit Union is covered by The Financial Services Compensation Scheme?
We are covered by the Financial Services Compensation Scheme (FSCS). The FSCS can pay compensation to depositors (members of HCU) 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 50,000. 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 50,000 each (making a total of 100,000). The 50,000 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 contact Margaret Murray, Credit Union Manager, on 01895 250958 or refer to the FSCS website http://
