Braniel Credit Union Ltd

Failed 10 June 2019

FRN: 574873

You don't need to do anything

On 10 June 2019, Braniel Credit Union Ltd was placed into liquidation and ceased trading. Joan Rice of Harbinson Mulholland has been appointed as liquidator.

The Financial Services Compensation Scheme declared Braniel Credit Union Limited in default on 10 June 2019.

You can download the determination papers using this link.


  • 12 Jun, 2019

    Cheques have been issued and are in the post. If you think you're due compensation and have not received a cheque within 10 working days from 12 June, contact the liquidator, Joan Rice on 028 90445100, or e-mail


As a Braniel customer you don't need to worry as your money is safe. FSCS will automatically pay back your money, according to the account information it receives from Braniel Credit Union Limited. We'll contact you by post.

In most cases, FSCS aims to make payment within seven days from the date of default, on 10 June 2019. For more complex cases, which may require further investigation, we'll aim to settle claims within 15 working days of being notified of the issue.

If you've a balance below £1,000, you'll get a letter enabling you to get cash over the counter at the Post Office. To receive payment, take the letter to any Post Office counter, with personal identification, as outlined in that letter.

If you've a balance over £1,000, you'll receive a cheque. Whichever method applies to you, we'll contact you by post in an unmarked envelope. 

FSCS will receive information from Braniel Credit Union Limited 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 Braniel Credit Union Limited in default, on 10 June 2019.

If you disagree with the amount paid by FSCS, please contact the liquidator at Harbinson Mulholland on 028 90445100 or email and she'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 Braniel Credit Union Ltd, you'll need to open a new account elsewhere – and tell your employer or the Department for Work and Pensions. 

Harbinson Mulholland

If you've any further questions, contact the liquidator, Joan Rice, at Harbinson Mulholland on the number below or email and she'll look into your query. 

Commonly asked questions