James Sleight and Peter Hart of PKF GM have been appointed as Joint Administrators of City of Plymouth Credit Union Limited, based in Plymouth.
The Financial Services Compensation Scheme (FSCS) has also declared the credit union in default, which means that savers are entitled to receive their deposits back.
James Sleight, the Joint Administrator said: “City of Plymouth Credit Union members don’t need to worry as all of their money is safe – all of their deposits will be returned to them by the FSCS.
“If you have savings at the credit union, you don’t need to do anything to get your money back. Anyone with a deposit with City of Plymouth Credit Union should look out for a cheque in the post from the FSCS in the next few days.
“We’ll also be in touch with anyone who has a loan from the credit union to explain what happens next.
“We’ll be available by email or phone to assist members with any queries that they may have on issues such as loan repayments or setting up new accounts for benefits payments.”
Please contact the Joint Administrators’ team in the first instance on 01752 477410 and 01752 201329 or alternatively contact the Administrators’ office on 0113 244 5141; or email email@example.com.