Preston-based administrator appointed at Polish Credit Union UK
A credit union based in London with more than 500 members has been placed in administration.
Dean Watson, partner at insolvency advisors Begbies Traynor in Preston and a specialist in credit unions, has been appointed as administrator of Polish Credit Union UK Limited.
The Financial Services Compensation Scheme (FSCS) has also declared the credit union in default, which means that savers will receive their deposits back.
The credit union has a single branch in West Ealing, London.
It was launched in 2013 to provide savings... You can carry on reading TheBusinessDesk.com for free, but you have reached the maximum number of pages an unregistered user can view. To register for an account, click here or login below...
