Almost 80 people in Clydebank to learn fate of funeral plans
Last week, we told you Dalmuir Credit Union wrote to them warning it's withdrawing one of its policies because it can't find an insurer to manage it.
Almost 80 people at risk of losing funeral plans in Clydebank are meeting later to find out if they'll ever get their money back.
Last week, we told you Dalmuir Credit Union wrote to them warning it's withdrawing one of its policies because it can't find an insurer to manage it.
READ MORE: EXCLUSIVE: 79 people in Dalmuir at risk of losing funeral plans
It says the group of people who took out the plan is aging and there have been more payouts in recent years, meaning the premiums will increase and therefore the plan may no longer be viable.
Seventy-two year-old Linda Nichol has been paying into the scheme for the last 28 years.
She told Greatest Hits Radio: "It's not our fault we are living longer and we can't go up against these big insurance companies to fight for our money, none of us can afford that.
"I thought my two sons would get £4000 to pay for my funeral when I die and that's all I want back."
A statement from the board of directors at Dalmuir Credit Union said: "The credit union can confirm that there is a planned withdrawal of one of the insurance schemes, The Family Protection Plan, which the credit union offered their members through a Group Policy.
"We began consulting with those members affected at a meeting held with them on the 19th March, we emphasised our commitment to keep them fully informed of developments as we became aware of them.
"We advised members that it would take some time for the credit union to work through this challenging situation, and the credit union has been and continues to consult with the insurance provider, and other related parties about how best to secure a good solution after the policy lapses.
"The credit union has a scheduled meeting in early April, and considers it would not be appropriate to give an update on our progress within this statement, but to reserve this for the group meeting with all of those affected by this.
"We understand that this news has come as a shock to those members and the upset it has caused but would wish to assure all members that we are working diligently on their behalf."