North East Warrington Credit Union enters administration

North East Warrington Credit Union (NEWCU) Limited was placed into administration on 4 May 2022 and has now stopped trading. Mike Dillon and Andrew Poxon of Leonard Curtis Business Rescue and Recovery Limited have been appointed as joint administrators. 

North East Warrington Credit Union is a financial co-operative owned by its members. It is regulated by the PRA and the FCA as a deposit-taker. It’s Firm Reference Number (FRN) is 213530.

The Financial Services Compensation Scheme (FSCS) is stepping in to protect members. It will return members’ money within 7 days from 4 May 2022 when the credit union was declared in default. 

Members who want more information from the FSCS about receiving their money can contact the FSCS by:  

  • emailing: [email protected]
  • calling: 0800 678 1100 or 020 7741 4100. Lines are open Monday to Friday from 9am to 5pm.
  • viewing the FAQs on its website

Members who make or receive regular payments from or into their account (eg, salary, rent or benefits) or want to discuss their accounts can contact the administrators by:   

The administrators will be publishing updates on this website.

Being alert to scams   

All customers should remain alert to the possibility of fraud. If you are cold called by someone claiming to be from the credit union, administrator, FSCS or the FCA, please end the call and contact them directly using the contact details provided by us. See more on how to protect yourself from the most common types of scams. ScamSmart pages on our website also provide advice on how to avoid investment and pension scams.  

Source: FCA

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