Scheme Steps in to Bail Credit Union ; Financial Services

Summary


The Financial Services Compensation Scheme is stepping in to protect some 610 members of the Rotton Park and Winson Green Credit Union in Edgbaston.

The scheme declared the organisation formally in default on March 3 after investigating its solvency and has processed the first customer claims. It expects these to reach pounds 300,000.

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Extract


Scheme Steps in to Bail Credit Union ; Financial Services

Jonathan Clark, director of claims a...

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