Adventist Credit Union Limited

Reference number: 213267

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Authorised by the FCA

This firm is on the FCA register and authorised to carry out regulated activities.

Website, phone number and address

Compare these against whatever you were given. Scammers clone real firm names and reference numbers but use their own phone number and website, so a detail that does not match the register is the clearest warning sign there is.

In the full report: 3 background checks

  • When adventistcreditunion.co.uk first appeared online, and whether it can receive email
  • What kind of line 07930 854730 is
  • Who else gives the postcode N17 9AD
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Other names (3)

If you were contacted under any of these names, it is this firm.

  • IP0010 Trading name
  • London Adventist Credit Union Limited Former name
  • North London Adventist Credit Union Limited Former name

FCA permissions and consumer protection

  • Hold or safeguard your money FSCS may apply
    Eligible deposits are typically protected by the FSCS up to £120,000 per person, per banking group.
  • Complaints Ombudsman, free
    You can refer a complaint about this firm to the Financial Ombudsman Service for free, whichever activity it relates to.
Show FCA detail (1 permission)
  • Accepting Deposits

FCA disciplinary action

FCA action

action
1
most recent
May 2006
  • Publicly censured on 3 May 2006
    The FSA has decided to publish a statement censuring the previous board of the London Adventist Credit Union. Despite having been made aware of its Chairman's conflict of interest, in respect of a £100,000 investment of credit union funds for the purchase and development of a property in East London which contravened requirements of the previous regulator, the Registry of Friendly Societies, the board left monitoring and management of the investment solely to Dr Waite. The board also failed to take adequate or appropriate steps to recover the investment or protect its position and, in particular, failed to take timely and independent legal advice. The fact that the investment was not repaid resulted in the credit union breaching the capital requirement under FSA rules, which requires that a credit union must maintain a positive amount of capital at all times. Further, because the property was residential, the investment was not authorised under FSA rules.

The Financial Ombudsman Service only publishes complaint figures for firms with 30 or more new complaints in six months, so there are none here for this firm.

Key dates in its history

Adventist Credit Union’s history from the FCA register and Companies House, newest first.

Key events (7) All events (10)

2016

5 October 2016

  • Changed its registered name from "London Adventist Credit Union Limited"

FCA register

2013

1 April 2013

  • Regulated by the FCA from this date
  • Regulated by the Prudential Regulation Authority from this date

FCA register

2006

3 May 2006

  • FCA action: Publicly censured

FCA register

2002

2 July 2002

  • Became authorised by the FCA

FCA register

21 June 2002

  • Regulated by the Financial Services Authority from this date

FCA register

1999

9 February 1999

  • Changed its registered name from "North London Adventist Credit Union Limited"

FCA register

In the full report: all 10 events

  • All 10 events in its history (7 shown here)
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Firms like Adventist Credit Union

Other firms of the same type (bank or building society), nearest first.

In London

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Firms are listed by type and location, best known first. Being listed is not a recommendation: check any firm before you deal with it.

Get the full report on Adventist Credit Union

Everything on this page, plus everything locked above, in one dated PDF you can keep, file or send on.

  • 3 background checks on its contact details
  • All 10 events in its history

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Frequently asked questions about this firm

Is Adventist Credit Union Limited FCA authorised?
Yes, Adventist Credit Union Limited (FRN 213267) is authorised by the FCA to carry out regulated activities. It has held its current authorisation since July 2002 and works as a bank or building society. The FCA has placed no limits on its permissions.
What is Adventist Credit Union’s phone number and website?
The FCA register lists the phone number 07930 854730 and the website adventistcreditunion.co.uk for Adventist Credit Union. If you were given different contact details, use these to check with the firm before going any further.
Is Adventist Credit Union a scam or clone?
Adventist Credit Union is a genuine FCA-listed firm, and the FCA has published no warnings about fake versions of it. Scammers do copy real firms, though, so check that any contact details you were given match the ones on the register.
Is my money safe with Adventist Credit Union?
It depends on the product, but eligible claims may be protected by the FSCS. You can also refer complaints about Adventist Credit Union to the Financial Ombudsman Service, free of charge.
Has the FCA taken action against Adventist Credit Union?
Yes. The FCA register records 1 public censure in 2006. The details are in the disciplinary section above, with links to the FCA's notices.
Does Adventist Credit Union use any other names?
It trades as IP0010. It has previously used 2 other names: London Adventist Credit Union Limited and North London Adventist Credit Union Limited.

Sources and links

The full report on Adventist Credit Union Limited

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