Administrators appointed at North East Scotland Credit Union

27 February 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 declared the credit union in default, which means that savers are entitled to receive 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 don’t need to do anything to get their money back.  Anyone with a deposit with the organisation should look out for a letter in the post from the FSCS in the next few days.

“Our immediate priority is to work with the FSCS to ensure that all savers get their money back as soon as possible.  We’ll also be on hand to assist savers with any queries that they may have on issues such as setting up new savings accounts or transferring direct debits."

ENDS

We have prepared a Q&A document that provides further information for those affected.

For press enquiries, please contact Andy Konieczko on +44 (0)20 7516 2209 or akonieczko@pkf-littlejohn.com; for other enquiries, please contact the PKF Geoffrey Martin team on +44 (0)20 7516 2420 or nescu@geoffreymartin.co.uk