Regulation
How we are regulated
Riverside Credit Union Ltd is authorised and regulated by the Prudential Regulatory Authority (PRA).
Riverside Credit Union is regulated by the Financial Conduct Authority (FCA) https://www.fca.org.uk/. Registered Number: 214245
Riverside Credit Union is covered by the Financial Services Compensation Scheme (FSCS) which protects eligible deposits up to £120,000 per member in the unlikely event of the credit union failing. You can find full details of the scheme at: https://www.fscs.org.uk/.
Riverside Credit Union belongs to the Financial Ombudsman Service together with banks and building societies.
Riverside Credit Union Ltd is a member of the Association of British Credit Unions (ABCUL).
Our day to day management
Our CEO, Finance Manager and Board of Directors, who are Credit Union members, keep an eye on day-to-day management.
Annual audits are carried out by an independent auditor, who reports to the members at the Annual General Meeting.
Annual Report & Accounts are always available to members.