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Restructuring News

Administrators appointed at North East Scotland Credit Union

27 Feb 2018

Dina Devalia and Stephen Goderski of PKF Geoffrey Martin & Co have been appointed as Joint Administrators of North East Scotland Credit Union Limited.

 

The Financial Services Compensation Scheme (FSCS) has also announced the credit union in default, which means that savers are entitled to get their deposits back.

 

Dina Devalia of PKF Geoffrey Martin & Co said: “All of North East Scotland Credit Union’s savers will have their balances returned by the FSCS. 

 

“They do not need to do anything to get their money back.  Anyone with a deposit with the organisation will receive a letter by post from the FSCS in the next few days.

 

“Our immediate priority is to assist the FSCS to make sure that all savers get their money back as soon as possible.  We will also be available to help savers with any queries that they may have on issues such as setting up new savings accounts or transferring direct debits.”

 

If savers have any questions about the process, they should contact the Joint Administrators on [email protected] or 020 7516 2420.

 


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