Deposit Defaults

Once FSCS is satisfied that an authorised firm is unable, or likely to be unable, to repay its depositors, it declares the firm in default.

Deposit firms declared in default by FSCS:

Banks and Building Societies (by date)

  • Dunfermline Building Society - 30 March 2009
  • London Scottish Bank plc - 30 November 2008 (declared in default by FSA)
  • Landsbanki Islands hf (incl Icesave) - 8 October 2008 (declared in default by FSA)
  • Heritable Bank - 8 October 2008 (declared in default by the FSA)
  • Kaupthing Singer and Friedlander Limited - 8 October 2008 (declared in default by the FSA)
  • Bradford and Bingley - 27 September 2008 (declared in default by the FSA)

Credit Unions (by date)

  • South Kintyre Credit Union Limited - 26 November 2010
  • Tower View Community Credit Union Limited - 4 November 2010
  • Three Bees Credit Union Limited - 21 October 2010
  • Landsker Community Credit Union Limited - 3 September 2010
  • Elswick and Cruddas Park Credit Union Limited - 5 August 2010
  • Hackney Credit Union Limited - 7 July 2010
  • Splotlands Credit Union Limited - 29 June 2010
  • Forest of Dean Credit Union Limited - 17 May 2010
  • Edinburgh Hackney Cab Trade Credit Union Limited - 18 March 2010
  • Redcar and District Credit Union Limited - 2 March 2010
  • Derby City Credit Union Limited - 18 August 2009
  • Hull Northern Credit Union Limited - 18 August 2009
  • Eastbourne Community Credit Union - 15 July 2009
  • Irvine North Credit Union - 9 July 2009
  • St Brendan's Credit Union Limited - 28 May 2009
  • South West Durham Credit Union - 11 May 2009
  • Polmaise Community Credit Union Limited - 24 November 2008
  • Khalsa (Bradford) Credit Union Limited - 3 October 2008
  • Inner Preston Credit Union - 16 May 2008
  • Peterlee Credit Union - 25 March 2008
  • Rotton Park and Winson Green Credit Union - 19 March 2008
  • Edmonton Credit Union Limited - 28 January 2008
  • Caia Park (Wrexham) Credit Union Limited - 21 December 2007
  • Streetcred Credit Union Limited - 23 October 2007
  • Corby Community Credit Union Limited - 25 July 2007
  • Ferries Credit Union Limited - 02 July 2007
  • Fleetwood and District Credit Union Limited - 12 June 2007
  • Clydesdale Credit Union Limited - 1 May 2007
  • Skelmersdale Credit Union Limited - 23 April 2007
  • L27 (Liverpool) Credit Union Limited - 24 January 2007
  • Breightmet Credit Union Limited - 18 December 2006
  • Sheldon Credit Union Limited - 28 November 2006
  • St Columba's (Bradford) Save and Credit Union Limited - 13 October 2006
  • Furness Credit Union Limited - 25 September 2006
  • Money Tree Credit Union Limited - 17 August 2006
  • South Airdrie Credit Union Limited - 05 April 2006
  • Greater Pollokshaws Credit Union Limited - 20 June 2005
  • Hackney South Credit Union Limited - 8 November 2004
  • Employee Credit Union (Luton Borough Council) Limited - 15 September 2004
  • Raffles Area Credit Union Limited - 15 July 2004
  • Dalston Social and Business Credit Union - 14 January 2004
  • Dudley Estate (Newcastle) Credit Union - 14 January 2004
  • Ruabon, Cefn and District Credit Union Limited - 15 October 2003
  • Croydon Branch Union of Communication Workers Credit Union - 15 October 2003
  • Shepherds Bush Social and Welfare Credit Union - 25 September 2003
  • Leicester City Council Employees Credit Union - 8 May 2003
  • Leasowe Credit Union - 8 May 2003
  • Tendring Dial Credit Union - 26 March 2003
  • Guide Post and Scotland Gate Credit Union - 25 March 2003
  • Fairswan Credit Union - 25 March 2003
  • Cathall Community Credit Union - 25 March 2003
  • Thameswood Credit Union - 12 September 2002

Deposit firms that became insolvent before 1 December 2001 (before FSCS became operational)

  • London Trust Bank - 3 October 2000
  • AY Bank - 25 June 1999
  • Rafidain - 18 July 1995
  • Baring Brothers - 26 February 1995
  • Wimbledon and South West Finance - 16 February 1994
  • Roxburghe Bank - 8 April 1993
  • Equatorial Bank - 19 March 1993
  • Mount Banking Corp - 19 October 1992
  • Deacon and Hoare - 9 June 1992
  • National Guardian Mortgage Corporation - 6 March 1992
  • BCCI - 3 January 1992
  • Bradford Investments - 6 July 1991
  • Wallace Smith Trust - 12 June 1991
  • Edington Plc - 18 February 1991
  • Chancery Plc - 18 February 1991
  • Authority Bank - 11 December 1990
  • British and Commonwealth Merchant - 3 June 1990
  • Consumer Credit Investments - 14 May 1987
  • PL Investments - 3 February 1987
  • Oriental Credit - 27 October 1986
  • Spring Gardens Securities - 8 May 1986
  • Eastcheap Investments - 17 December 1984
  • St Martins Le Grand Securities - 28 November 1984
  • Cross and Bevingtons (Finance) - 28 November 1984
  • Bremar Holdings - 1 August 1984
  • Castle Court - 6 July 1984
  • Trinity Trust - 25 April 1983
  • Chancellor Finance - 2 August 1983
  • First Guarantee Trust - 16 December 1982
  • Goodwin Squires - 1 October 1982
  • Merbro Finance - 19 May 1982