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Financial Claims Scheme (FCS)

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Financial Claims Scheme (FCS)

The Financial Claims Scheme (FCS) protects depositors through the provision of a guarantee on deposits (up to the cap) held in authorised deposit-taking institutions (ADIs) incorporated in Australia and allows quick access to their deposits if an ADI becomes insolvent.

The Credit Union is an ADI. Depositors with the Credit Union may be entitled to receive a payment from the FCS, subject to a limit per depositor.

Where can I get further information on the FCS?

Information on the FCS is available on the FCS website – & is also available in LCU's Account and Access Facilities - Conditions of Use document. For more detailed information please see Financial Claims Scheme