North Airdrie Credit Union Ltd

Failed 16 December 2019

FRN: 213664

You don't need to do anything

On 16 December 2019, North Airdrie Credit Union Ltd was placed into administration and ceased trading. Dina Devalia and James Sleight of PKF Geoffrey Martin & Co Ltd have been appointed Joint Administrators.

FSCS declared North Airdrie Credit Union Ltd had failed on 16 December 2019.

If you're a North Airdrie Credit Union Ltd customer, you don't need to worry as your money is safe. FSCS will automatically pay back your money, according to the account information we receive from North Airdrie Credit Union Ltd. We'll contact you by post.

On the 'Information' tab you'll find details of how we'll return your money. On the 'Q&A' tab, you'll find answers to commonly asked questions regarding the failure. You can read more about our compensation limits for credit unions on our dedicated page.

Download the determination papers (pdf).

In most cases, FSCS aims to make payment within seven days from the date the firm failed, which was 16 December 2019. For more complex cases, which may need further investigation, we'll aim to settle claims within 15 working days, once we know there's an issue.

If you have a balance of below £1,000, you will get a letter to get cash over the counter at the Post Office. To receive payment, take this letter to any Post Office counter, with personal identification, as outlined in that letter. If you have a balance of over £1,000, you will receive a cheque. In both events, we will contact you by post in an unmarked envelope. 

FSCS will receive information from North Airdrie Credit Union Ltd that will detail your individual credit balance. The amount of payment you receive will be the balance on your account, as at the date FSCS declared North Airdrie Credit Union Ltd failed, on 16 December 2019.

If you disagree with the amount paid by FSCS, please contact the Joint Administrators Dina Devalia and James Sleight of PKF Geoffrey Martin & Co Ltd on 01236 779 100 or 01236 490 150 or alternatively on 0113 244 5141, or email nacu@geoffreymartin.co.uk and they'll look into your query. Do not return your payment to FSCS unless you're specifically requested to do so.

You'll need to open a bank account with another deposit taker (e.g. a bank, building society or the Post Office). You should bank the cheque as soon as possible.

If your salary or benefits are paid into your account at North Airdrie Credit Union Ltd, you'll need to open a new account elsewhere – and tell your employer or the Department for Work and Pensions. 


PKF Geoffrey Martin & Co Ltd

If you've any further questions, contact the Joint Administrators, Dina Devalia and James Sleight of PKF Geoffrey Martin & Co Ltd, details below.

Commonly asked questions