On 14 November 2025, Tullycarnet Credit Union Limited (TCU) entered Liquidation and has now stopped trading.
Barry O’Donnell of HM Accountants has been appointed as Liquidator.
TCU is a financial co-operative owned by its members. It is regulated by the Financial Conduct Authority (FCA) and the Prudential Regulation Authority (PRA) under Firm Reference Number (FRN) 576218 as a deposit-taker.
The Financial Services Compensation Scheme (FSCS[1])[2] is stepping in to protect members. It will return members’ money by 25 November 2025.
What members need to know
If you are a member and would like more information about receiving your money, contact the FSCS:
- Email: [email protected]
- Phone: 0800 678 1100 or 020 7741 4100. (Lines are open Monday to Friday from 9am to 5pm.)
- Website: Visit the FSCS website[1] for FAQs and further guidance.
If you make or receive regular payments from your account or wish to discuss your account, you can contact the Liquidator:
- Email: [email protected]
- Telephone: 0289 044 5100
Loan repayments
Members should not cancel any repayments, as the loan agreement remains in place and repayments still need to be made.
Future loan repayments will be managed by the Liquidator, who will provide the Liquidation bank account details as soon as they can via post.
If you made payments covering both loans and savings, the Liquidator will tell you the new amount to pay each month so that you do not fall into arrears.
For more information, please contact the Liquidator.
Stay alert to scams
If you were a member of TCU, you may be contacted by the Liquidator, the FSCS or the credit union.
These organisations follow appropriate security protocols.
If you’re unsure whether a call is genuine, end the call immediately and contact the organisation directly using the details above.
See more on how to protect yourself from the most common types of scams[3].