Greater Milton and Possilpark Credit Union Ltd

Failed 12 March 2019

FRN: 213624

The Financial Services Compensation Scheme has announced the failure of Glasgow-based Greater Milton and Possilpark Credit Union Ltd, which was declared in default on 12 March 2019.

Placed into administration, Greater Milton and Possilpark Credit Union Ltd has now ceased trading, with Dina Devalia and James Sleight of PKF Geoffrey Martin & Co appointed as Administrators.

You can see the determination papers on this link.

You don’t need to do anything. FSCS is a free service and we’ll automatically return customers’ individual balances up to £85,000, based on the information we’ve received from Greater Milton and Possilpark Credit Union.

We’ll contact customers by post in an unmarked envelope. Customers with up to £1,000 in their account will receive a letter to get cash-over-the-counter from the Post Office. For balances more than £1,000 you’ll receive a cheque. Customers who don’t have another bank account should open one as soon as possible to bank their cheque.

If your child has a Greater Milton and Possilpark Credit Union account, we’ll send payment in their name. If an adult manages the account on a child’s behalf, we’ll make the cheque out in the child’s name and send it to the adult’s address (if the address was registered with Greater Milton and Possilpark Credit Union).

We aim to return customers’ money within 7 days from 12 March 2019, when we declared Greater Milton and Possilpark Credit Union in default. If a case is more complex, we’ll settle claims within 20 working days.

If you disagree with the amount we've paid, please contact the administrators and they’ll look at your query. Don’t return the payment to us unless you’re specifically asked to do so.


PFK Geoffrey Martin & Co Ltd

If you've any further questions about Greater Milton and Possilpark Credit Union, contact the administrators on the number below, or e-mail gmpcul@geoffreymartin.co.uk.

Commonly asked questions