Credit Union enters administration

21st September 2022

News

Gloucestershire Credit Union Limited has been placed into administration and has now stopped trading.

James Sleight and Peter Hart of PKF Geoffrey Martin & Co Limited have been appointed as joint administrators.

Gloucestershire Credit Union is a financial co-operative owned by its members. It is regulated as a deposit taker by the Prudential Regulation Authority (PRA) and the Financial Conduct Authority (FCA).

The Financial Services Compensation Scheme (FSCS) is stepping in to protect members and will return members’ money within 7 days from when the Credit Union was declared in default (14th September 2022).

The FSCS said the credit union had 1,417 members.

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Credit Union enters administration

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