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Undeb Credyd y Barcud Coch Cyfyngedig FSA Firm Reference Number 213592 |
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| Red Kite Credit Union 20 Market Street Builth Wells Powys LD2 3EA 01982 551000 01597 824000 email:
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Credit Unions are a soundly established part of the UK financial sector. Each Credit Union must be Authorised and Regulated by the Financial Services Authority (FSA) which imposes a strict regulatory regime. Professional auditing is a legal requirement.
The FSA have useful information
on pages called Money Made Clear, click
here
Members have recourse to the Financial Ombudsman Service (FOS) if they have an unresolved complaint. Their savings are covered by the Financial Services Compensation Scheme (FSCS) in the same way as they would be with a high street bank or building society.
For important information
click here.
The Credit Union movement in Wales is supported by important public bodies. The Welsh Assembly Government has given financial support by grants under the Credit Unions Project and is developing a 'brand image' for credit unions in Wales. It has helped the movement to have access to the European Regional Development Fund (ERDF) through the Welsh European Funding Office (WEFO) for Objective 1 and Objective 2 grants.
It provides a Housing Debt
Helpline Wales on 0800 107 1340.
Powys County Council, like many other councils, has given grant support to its local credit unions, for example in supporting grants for ERDF Objective 2 projects and providing Payroll Deduction facilities.
The
Wales Cooperative Centre
provides a number of supporting services for credit
unions in Wales, including free training courses in
many aspects of the operation of credit unions.
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How to save and borrow with Red Kite Credit Union Geographical coverage for Red Kite Credit Union About Credit Unions Regulatory bodies
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Authorised and Regulated by The Financial Services Authority |
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This page was last updated 25/07/2010 |
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