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CMS Credit Union

CMS Credit Union

At Croydon Plus helping you manage your personal finances is important to us.

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Month: June 2017

LOAN SHARKS’ CASH USED TO HELP SAVERS IN CROYDON, MERTON, AND SUTTON
05 Jun
Michael Wilson Posted in Uncategorized No comments

LOAN SHARKS’ CASH USED TO HELP SAVERS IN CROYDON, MERTON, AND SUTTON

A NEW INCENTIVE has been launched across Croydon, Merton, and Sutton as part of a scheme to encourage residents to start saving and warn them of the dangers of borrowing from loan sharks. The England Illegal Money Lending Team (IMLT) are working in partnership with CMS Credit Union to promote saving and highlight the legal […]

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About Croydon Plus (CMSCU Ltd)

Croydon Plus is the trading name of Croydon Merton & Sutton Credit Union Ltd (CMSCU Ltd).

Registered address: Bernard Weatherill House, 8 Mint Walk, Croydon CRO 1EA

Croydon Merton & Sutton Credit Union Ltd is authorised by the Prudential Regulation Authority (Firm reference number 213603) and regulated by the Financial Conduct Authority and the Prudential Regulation Authority.
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Financial Services Compensation Scheme

We are covered by the Financial Services Compensation Scheme (FSCS). The FSCS can pay compensation to depositors if a credit union is unable to meet its financial obligations. Most depositors – including most individuals and small businesses – are covered by the scheme.
In respect of deposits, an eligible depositor is entitled to claim up to £85,000. For joint accounts each account holder is treated as having a claim in respect of their share so, for a joint account held by two eligible depositors, the maximum amount that could be claimed would be £85,000 each (making a total of £170,000). The £85,000 limit relates to the combined amount in all the eligible depositor’s accounts with the credit union, including their share of any joint account, and not to each separate account. For further information about the scheme (including the amounts covered and eligibility to claim) please ask at your local branch, refer to the FSCS websites, watch the FSCS Your Savings Are Protected film or call 0800 678 1100 or 020 7741 4100.

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