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Brief
On August 19, 2025, Waltham Forest Council Employee Credit Union (WFCECU) - trading as Forest Savers - entered administration and stopped trading. Joint administrators Dina Devalia and Terri Mulgrew were appointed to manage the firm's assets and operations. The Financial Services Compensation Scheme (FSCS) has stepped in to protect members, returning their money within 7 working days from when WFCECU was declared in default. Members can contact the FSCS or joint administrators for support and guidance on managing their accounts during this period.
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