Castle Community Bank

United KingdomUnited Kingdom(AA)

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Protection limit: Up to £85,000 payout in GBP

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Bank Details

Castle Community Bank was formed late in 2015 following the merger of two long- established credit unions: Castle Credit Union and North Edinburgh Credit Union. Since its establishment, the business has progressed and is now considered to be amongst the top 5 credit unions in the UK. A credit union is a financial institution which is owned by its members and is registered on the FCA Mutual Register as entity 0019CUS. From a governance perspective, Castle Community Bank is supported by both the Prudential Regulation Authority and the Financial Conduct Authority with registration reference 213877. Castle Community Bank provides both loans and savings for members across the UK within their Common Bond*. All savings up to £85,000 are fully protected by the Financial Savings Compensation Scheme. * The Common Bond means a member/depositor must be eligible by their employment code or by membership in a recognised institution such as the Co-Op or National Trust.

Security & Deposit Protection

The FSCS is the United Kingdom’s statutory deposit guarantee scheme. If an FSCS-protected bank fails or is unable to meet its financial obligations, the FSCS can provide compensation for eligible customer deposits up to a limit of £85,000 per person, per bank. The FSCS’ £85,000 protection limit applies to all deposits held with a bank (including current and savings accounts), as well as any deposits held with intermediaries of the same bank (for example, where a bank operates multiple banks under different trading names). Read our dedicated FAQ page to learn more about the FSCS.

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