Credit union with thousands of customers goes bust

Credit union with thousands of members in London collapses

FSCS is stepping in to protect 18,335 members of London Community Credit Union after its closure, compensating them with £15.4 million within seven…

Credit union with thousands of customers goes bust

A LONDON-BASED union has gone bust, leaving 17,000 members without access to their accounts – but savers will get their cash back The London Community Credit Union (LCCU), which served members across several London boroughs, was placed into administration on January 22. A credit union has gone bustgetty The London Community Credit Union was placed into administration on January 22 Joint administrators James Sleight and Stratford Hamilton of PKF …

Administrators appointed to credit union - Credit Connect

James Sleight and Stratford Hamilton of PKF Littlejohn Advisory have been appointed as Joint Administrators of London Community Credit Union (LCCU) LCCU whose membership covers residents and employees who live, work or study in the London boroughs of Hackney, Haringey, Islington, Newham, Tower Hamlets, Waltham Forest or the City of London. LCCU’s Regulatory bodies have also declared the Credit Union in default, which means that savers are entitl…