IS NOW CLOSED FOR BUSINESS.
ALL SAVINGS ARE PROTECTED BY THE FSCS.
On 18 February 2013,
We would like to reassure members of CISCU that your money is safe. As CISCU was authorised by the Financial Services Authority (FSA), your deposits are protected by the Financial Services Compensation Scheme (FSCS). All deposits are protected (including savings and CUCA accounts). Further information is available on the FCSC website at www.fscs.org.uk.
The FSCS aims to pay compensation claims within 7 days of declaring a default. You do not need to do anything, FSCS will send a payment directly to you. Members due less than Ł1,000 will receive a letter that they can cash at their local Post Office. Members due more than Ł1,000 will receive a cheque payment.
If the closure of your CUCA or savings account is causing severe difficulties please ring CISCU offices for advice on 01872 222644 between 9.30am and 5pm. If our lines are busy, please email on firstname.lastname@example.org and we will get back to you as soon as possible.
Financial assistance (by way of loan) may be available from the DWP’s Social Fund (0800 032 7952).
Further information and advice is available on our Helpsheet which can be downloaded at the link below
18 February 2013