credit union

Essex credit union default leads to £344,000 in claims

The 498-member Basildon Credit Union Limited (FRN: 213229) has gone into administration and been declared in default by the Financial Services Compensation Scheme (FSCS).
London credit union default to spark £15.4m claims

The 18,000-member London Community Credit Union (LCCU), one of London's largest credit unions, has gone into administration and been put into default by the Financial Services Compensation Scheme (FSCS).
FCA charges four with fraud offences

The Financial Conduct Authority has started criminal proceedings against four individuals for conspiracy to commit false accounting, with three facing further charges for fraud.
FSCS to pay out £21m as credit union is declared in default
FSCS declares £1.1m London-based credit union in default
Welsh credit union declared in default
Third credit union goes bust this year
4th credit union collapses this year owing £1.3m
FSCS steps in as fifth credit union fails
Hastings credit union declared in default
7,400 member credit union fails
£2.6m credit union with more than 7,000 members fails