The Chester Credit Union Board of Directors would like to reassure all existing members, and prospective new members that in the current turbulent financial marketplace that the Chester Credit Union is not under any threat and that each and all member’s savings are secure.

The Chester Credit Union is run by a management board, and paid manager who all have experience in a variety of disciplines associated with business development and therefore wish to outline that the interests of all members are at the forefront of decisions made. 

The Chester Credit Union focuses upon People – not – Profit and therefore this does not get in the way of endeavouring to make profits at great risk, or at the detriment to our members.

The Chester Credit Union is compliant with the Financial Services Authority Regulations and is governed to abide by the Financial Services Compensation Scheme

The Financial Services Authority (FSA) has increased the limit of their Financial Service Compensation Scheme (FSCS) which provides cover for deposits.  This means that cover is provided on 100% of the first £50,000 (raised from £35,000) and will come into effect as Tuesday 8th October 2008.

 Friday 3rd October 2008