On 4 May 2022, Andrew Poxon and Mike Dillon of Leonard Curtis were appointed as Joint Administrators of North East Warrington Credit Union (NEWCU) Limited (‘the Company’ or ‘NEWCU’) by the members of the committee of the society and the credit union has now stopped trading.
Members of the credit union should be assured that their money is safe. The Financial Services Compensation Scheme (FSCS) declared the Company in default on 4 May 2022 which means it can step in and return money to members. In the vast majority of cases, members will receive their savings within 7 days of the date FSCS declared the credit union in default.
The Administrators and their staff are on hand to provide support to NEWCU members throughout the Administration process. You can contact the Joint Administrators’ team via the dedicated call centre on 0161 532 4621 or alternatively by email at email@example.com. Please address all written correspondence for the attention of Carl Lever.
Notwithstanding the appointment of the Joint Administrators, the Company remains a regulated entity and is regulated by the Financial Conduct Authority and Prudential Regulation Authority.