Rainbow Saver Anglia Credit Union Limited enters administration

Rainbow Saver Anglia Credit Union Limited was placed into administration on 18 May 2022 and has now stopped trading. James Sleight and Peter Hart of PKF Geoffrey Martin & Co Limited have been appointed as joint administrators. 

Rainbow Saver Anglia Credit Union Limited is a financial co-operative owned by its members. It is regulated by the Prudential Regulation Authority (PRA) and the Financial Conduct Authority (FCA) under Firm Reference Number (FRN) 213617 as a deposit-taker.

The Financial Services Compensation Scheme (FSCS) is stepping in to protect members and will return members’ money within 7 days from 18 May 2022 when the Credit Union was declared in default.

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

•    email: [email protected]

•    phone: 0800 678 1100 or 020 7741 4100. Lines are open Monday to Friday from 9.00am to 5.00pm.

•    view the FAQs on their website 

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

•    email: [email protected]

•    phone: 01502 630 120, 07745 795865 or 0113 244 5141.

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, joint administrator or the FCA, please end the call and contact them directly using the contact details above. See more on how to protect yourself from the most common types of scams. Our ScamSmart pages also provide advice on how to avoid investment and pension scams.   

Source: FCA

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