Castle and Minster Credit Union
Your money is safe. It is protected by the Financial Services Compensation Scheme (FSCS) who will pay back your funds, in most cases in the next 10 days. You do not need to do anything, FSCS will send a payment directly to you. These will be sent to members at the address registered with the Credit Union.
Your eligible deposits with Castle and Minster Credit Union Limited are protected up to a total of £85,000 by the Financial Services Compensation Scheme, the UK's deposit protection scheme. Any deposits you hold above the £85,000 limit are not covered.
Further information is available on www.fscs.org.uk
Customers with a loan
Anyone with a loan agreement must continue to pay back their required amounts as usual. It is important that members do not default on payments. The appointed liquidators will write to those members who have loans owing to the Credit Union shortly.
Direct payments customers will be contacted directly by Kirklees Council.
The decision to close down Castle and Minster, by entering into a voluntary insolvency agreement, was taken with great sadness by the board members. We would like to thank you for your support over 40 years, and while we have done everything possible to avoid this outcome, in discussion with our regulators we felt there was no other viable solution.