Your Money Is Safe with Angus Credit Union

Posted by Chris B on March 11, 2010 · Leave a Comment 

One benefit of being part of a Credit Union is the peace of mind you can have that your money is safe and secure:

  • If the worst were to happen and the credit union ran into problems, the Financial Services Compensation Scheme (FSCS) would pay back every penny of each member’s savings. Each member can save a maximum of £10,000 which is well below the FSCS threshold of £50,000.
  • This is the same scheme that covers all the banks and building societies, and after the run on Northern Rock it was improved even further.

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