Basildon Credit Union enters administration 17/03/2025

News Financial services General Updates

Date: 17th Mar, 2025 Source: Financial Conduct Authority Country: United Kingdom Original Source

Brief

"On 17 March 2025, Basildon Credit Union Limited entered administration and stopped trading. Dina Devalia and Michael Kiely from Quantuma Advisory Limited were appointed as administrators. The Financial Services Compensation Scheme (FSCS) is protecting members' funds and will return them within 7 working days. Members can contact the FSCS or administrators for information about their accounts."

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Financial Conduct Authority

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Basildon Credit Union enters administration 17/03/2025

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Basildon Credit Union enters administration 17/03/2025

Brief

Financial Conduct Authority

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