Administrators appointed to Barrow & District Credit Union

Administrators have been called to Barrow and District Credit Union, a community savings and loans provider.

James Sleight and Peter Hart of PKF GM have been appointed as joint administrators of the Barrow-in-Furness organisation.

The credit unions’ 1,200 members are due to receive their money under the Financial Services Compensation Scheme.

James Sleight, the joint administrator said: “Barrow & District Credit Union members do not need to worry as all of their money is safe – all of their deposits will be returned to them by the FSCS.

“If you have savings at the Credit Union, you don’t need to do anything to get your money back. Anyone with a deposit with Barrow & District Credit Union should look out for a cheque in the post from the FSCS in the next few days.

“We’ll also be in touch with anyone who has a loan from Barrow & District Credit Union to explain what happens next.

“We’ll be available by email or phone to assist members with any queries that they may have on issues such as loan repayments or setting up new accounts for benefits payments.”