K&C Credit Union Ltd

Failed 09 October 2018

FRN: 564084

The Financial Services Compensation Scheme has announced the failure of K&C Credit Union Ltd (which traded as ‘Your Credit Union Ltd’) and declared it in default on 9 October 2018.

K&C Credit Union Ltd was placed into administration and has now ceased trading. Kevin Murphy, Jason Maloney and Bai Cham of CVR Global LLP (New Fetter Place West, 55 Fetter Lane, London EC4A 1AA) have been appointed as administrators.

As a customer of K&C Credit Union Ltd you don’t need to do anything. FSCS is a free service and protects savings up to £85,000. We’ll automatically return customers’ individual balances as they were on 9 October, based on the information we’ve received from K&C 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 their Post Office. For balances over £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 K&C Credit Union account we’ll send payment in their name. If an adult operates 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 K&C Credit Union).

We aim to return customers’ money within seven days from 9 October, which is when we declared K&C Credit Union in default. If a case is more complex, we’ll settle claims within 20 working days.

If for whatever reason, you disagree with the amount we've paid, please contact the administrators’ team at CVR Global LLP. Contact detailsare at the bottom of the page. Don’t return the payment to us unless you’re specifically asked to do so.


CVR Global LLP

Please direct any further questions about K&C Cerdit Union to the administrators Kevin Murphy, Jason Maloney and Bai Cham of CVR Global LLP by phone or email  yourcreditunion@cvr.global.

Commonly asked questions