Is my money protected?

We understand that you save your money to make sure you and your family have a secure future. That’s why we automatically compensate you if your credit union fails. You don’t need to do anything and it’s completely free.

Whatever you’re saving for, it’s crucial to make sure your money is protected. Check that any financial product you buy is FSCS protected so you know your money is safe.

How can I check if my provider is FSCS protected?

Search the Financial Conduct Authority (FCA) register using your provider’s firm reference number (FRN) for the most accurate results. Find the FRN in your paperwork or emails, or ask your provider if you can’t find it. If the FCA search results show the firm’s status as ‘authorised’, FSCS may be able to compensate you if this firm fails.

Know your compensation limits

Credit unions (deposits)

£85,000 per person per firm. £170,000 for joint accounts.
£1 million for certain life events up to six months from when the amount was first deposited. Unlimited for personal injury claims.