Your eligible deposits with Eastern Savings and Loans Credit Union are protected up to a total of £85,000 by the Financial Services Compensation Scheme, the UK’s deposit guarantee scheme. Any deposits you hold above the limit are unlikely to be covered.
Note: The credit union may (and is likely to) have a maximum shareholding that is below the FSCS limit. The existence of the FSCS limit does not imply any right to deposit above the maximum shareholding set by the credit union.
Whilst individuals are eligible, certain organisations may not be eligible for compensation, please see the Scheme Information.
Financial Services Compensation Scheme Information for Eastern Savings and Loans Credit Union.
Please click below to read “A guide to the Financial Services Compensation Scheme” or visit www.fscs.org.uk.