credit union insolvency

Quantuma appointed as credit union enters administration

9th August 2023 Alternative Consumer Lending | #credit union insolvency

Hastings & Rother Credit Union Limited, trading as 1066 Community Bank has entered administration The Financial Services Compensation Scheme (FSCS) declared Hastings & Rother Credit Union as failed (in default). Dina Devalia and James Varney of business advisory firm Quantuma have been appointed as Joint Administrators of financial cooperative. The East Sussex credit union with…

Birmingham-based credit union enters administration

27th September 2022 Alternative Consumer Lending | #credit union insolvency

The Birmingham Inner Circle Community Credit Union has entered administration following regulatory breaches under the PRA/FCA prudential and conduct rules and solvency issues. Founded in July 2002, the credit union is based in Ladywood, Birmingham and acts as a financial cooperative, offering its members financial security through saving and borrowing. In 2020 it recorded a…

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credit union insolvency

Quantuma appointed as credit union enters administration

Birmingham-based credit union enters administration

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