Is my money safe in a credit union?

The latest figures form the Bank of England show that with assets of over £3 billion and almost 2 million members, UK credit unions are substantial financial institutions.

Latest Bank of England Statistics

Along with all credit unions, St Albans District Credit Union is authorised by the Prudential Regulation Authority and regulated by the Financial Conduct Authority and the Prudential Regulation Authority.

You can feel confident that your savings are secure because all eligible saving deposits with us are protected up to £85,000 under the Financial Services Compensation Scheme

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