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Chesterland Credit Union Review: Is chesterlandcu.com Scam?

Chesterland Credit Union Review: Is chesterlandcu.com Scam?

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Welcome  to the Chesterland Credit Union review. Chesterland Credit Union operates like a privately-owned Bank and wealth management company. They claim to provide first class financial services to both private clients and wealthy families. Safety, stability, integrity and professionalism are among the things that this service promises. Whether clients can believe these things is something that we cannot talk about now. However, it appears as if something is not right with Chesterland Credit Union. First of all, there is an alert on the FCA website where the financial regulator claimed that Chesterland Credit Union was providing financial services illegally in the UK since it was doing so without their authorization.

The type of financial services offered by this entity need to be regulated since they involve people sending money directly to this website on the promise that they will enjoy a specific ROI. They appear to be based in Abbey House, 32 Booth Street, Manchester M2 4QP, United Kingdom since this is the address which they are citing at the footer of the website. Chesterland Credit Union is also registered in England and Wales under number 672756.

Having said this, we need to discuss whether or not this is something you should be involved in. It appears to target residents of the UK. So if you are from the UK, you can read this review to find out what we think about Chesterland Credit Union. In the meantime, you can get yourself the best investment programs because these products present you with a real opportunity to change your financial future.

Chesterland Credit Union review

This company offers a wide range of investment services which include portfolio management, brokerage services, merger and acquisition. They tell us that they have been serving professional and institutional clients worldwide and has maintained a good relationship with Swiss asset managers. Their services also include trade execution, settlement and custody. On top of this, the company is providing investment advisory services to individuals who would love to have their finances planned and invested for them.

Chesterland Credit Union

Their portfolios include bonds, mutual funds, ETFs, direct shares, commodities and structured products. You can agree with us that these areas of service are highly regulated across the world, and Chesterland Credit Union needs to show us their regulator’s license in order to believe that they are truly a professional investment firm. As far as regulations are concerned, the only body that is supposed to do it is the FCA since this company is registered in the country but is operating both locally and also internationally.

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According to the fine print found at the footer of this website, Chesterland states that they are registered and licensed by the Financial Conduct Authority and the Prudential Regulation Authority (No 00165B). On the other hand, the FCA says that this company is not licensed to operate as a credible financial investment advisory and that no one should do business with this company unless they are willing to lose their money. It is in fact on the blacklist of UK companies that have refused to seek licensing from the FCA but are still serving members of the public with their illegal investment assets.

Chesterland Credit Union – a jack of all trades

They offer all types of financial services including banking so to speak. If that is the case, then we think that this company even needs a separate license for that purpose. There is no way they can operate banking services without one unless they are willing to break the law.

Also, we find it very suspicious that details of this company are not provided anywhere on the website except a generic reg number which they claim is the number that their company is registered with. The reason as to why the company cannot be found online is also not clear. We think this is a red flag.

On the about us page, they claim to have started this business in 1993. But when you look at the details of the website’s domain, you will find that it is anonymously registered and the date of registration is not anywhere close to the year 1993. There are some missing links and even if we want to investigate further, we will end up with what we have always suspected of these websites.

Also, if the company is anonymous, we may be tempted to presume that Chesterfield Credit Union is operating on its own accord, and has not company that oversees its activities. So who are the people working for this entity? They claim that their team is made up of experienced portfolio managers who are real life traders and investors. But none of them have been introduced anywhere on this site for would be clients to see them. This is a confidence killer and even if we wanted to trust this site, it would be hard if they concealed the owner in addition to the alleged members.

We don’t believe their stories because apart from those writings looking fluffy, one can sense dishonesty throughout the website. Most of the claims which are made on this website have not been backed by concrete evidence. It becomes even more difficult to believe them since this operation involves the hard earned monies of investors. This site is only selling what they claim to do best. At the end of the day, the investor needs to chose whether they want to be scammed or not.

Our best advice for you

The website feels quite vague in its promotional content since it does not address things like performance record, assets which they trade, their style of investing among other important things. The fact that they are based in the UK does not mean we can’t get scammed. So the wisest thing to do would be to avoid websites like Chesterfield Credit Union because they can’t express in details what they do and even use the relevant information to persuade us about their performance. At this moment, we can’t include it on our list of favorite investment programs.

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