James Sleight and Peter Hart have been appointed as Joint Administrators of Gloucestershire Credit Union Limited (GCUL), whose membership extended to residents and employees based within Gloucestershire County Council.
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: “Gloucestershire 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 Gloucestershire 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 01452 595 290 and 01452 422 712 or alternatively contact the Administrators’ office on 0113 244 5141; or email gcul@pkfgm.co.uk
Members should be aware that where contact details are missing for members who still have money in their GCUL accounts, the FSCS will not be able to issue cheques to these members immediately. If members have not updated any recent change of address with GCUL, they are advised to make contact as soon as possible.
