Harp Credit Union Ltd

Failed 04 September 2018

FRN: 213509

The Financial Services Compensation Scheme has announced the failure of Harp Credit Union Ltd, based in London, which was declared in default on 4 September 2018.

Harp Credit Union Ltd was placed into administration and has now ceased trading. Jo Milner and Stephen Cork of Cork Gully LLP have been appointed as Administrators.

As a customer of Harp Credit Union you don’t need to do anything. FSCS is a free service and we’ll automatically return customers’ individual balances  as they were on the date of 4 September, based on the information we’ve received from Harp 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 of 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 Harp 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 Harp Credit Union).

We aim to return customers’ money within seven days from 4 September, which was when we declared Harp 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 and they’ll look at your query. Don’t return the payment to us unless you’re specifically asked to do so.

Cork Gully

Please direct any further questions about Harp Credit Union to the administrators, Cork Gully via phone or email: Harp@corkgully.com

Commonly asked questions