FSCS to refund 1,500 Severn Four Credit Union members

Severn Four Credit Union members will "not have to lift a finger to get their money back", the FSCS said. The process is automatic and the FSCS aims to start sending payments to people in the next few days. People have about £460,000 in the credit union. People with less than a thousand pounds will receive a letter to get cash over the counter at the Post Office. Anyone with more than this will receive a cheque. Kate Bartlett, FSCS director of operations, said: "The FSCS is ready to protect the credit union's members. "We'll get your savings back to you within seven days and you wo...