7,400 member credit union fails

West-Midlands credit union 6 Towns Credit Union Limited has been declared in default by the Financial Services Compensation Scheme.

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Hastings credit union declared in default

The FSCS has declared Hastings & Rother Credit Union Limited (trading as 1066 Community Bank) in default.

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FSCS steps in as fifth credit union fails 

The Rainbow Saver Anglia Credit Union Limited in Suffolk has been declared in default with the FSCS stepping in to protect 463 remaining members.

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4th credit union collapses this year owing £1.3m

The fourth credit union to collapse this year has been declared in default by the Financial Services Compensation Scheme this week.

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