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.

Identity

Check their details

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.

Also trades as
  • IP0010

Check on the FCA register → Report a scam →

Activities and protection

What they can do, and how you are protected

  • 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.

    Check your FSCS cover →

Show FCA detail (1 permission)
  • Accepting Deposits

Complaints: You can refer a complaint about this firm to the Financial Ombudsman Service for free, whichever activity it relates to.

Track record

Action taken against them

1 public censure in 2006. This is part of the official register record and is worth reviewing before going ahead.

  • 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.

Previously registered as

The FCA register holds 2 earlier registered names for this firm. A registered name changes when a firm rebrands, and a partnership's changes whenever its partners do.

  • London Adventist Credit Union Limited
  • North London Adventist Credit Union Limited

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Common questions

Frequently asked questions

Is Adventist Credit Union Limited FCA authorised?
Yes, Adventist Credit Union Limited (FRN 213267) is authorised by the FCA to carry out regulated activities.
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.
Is Adventist Credit Union a scam or clone?
Adventist Credit Union is a genuine FCA-listed firm. However, scammers sometimes clone authorised firms. Always check that the contact details you were given match those on the FCA register before sending money or sharing information.
What is Adventist Credit Union's Firm Reference Number (FRN)?
Adventist Credit Union's FRN is 213267. You can verify it on the FCA register.