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On 22 January 2025, London Community Credit Union (LCCU) was placed into administration and has now stopped trading. James Sleight and Stratford Hamilton of PKF Littlejohn Advisory Limited have been appointed as joint administrators.
LCCU 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) 213743 as a deposit-taker.The Financial Services Compensation Scheme (FSCS) is stepping in to protect members and will return members’ money within 7 working days from when the Credit Union was declared in default (22 January 2025).Members with a valid email address registered to their LCCU account, can request their payment from FSCS either by cheque or direct bank transfer via the online FSCS Payments Portal. Members will receive an email from FSCS inviting them to use the portal if they are eligible. The email will be sent from the following email address no-reply@payments.fscs.org.uk.Members who don’t receive an email from FSCS or are unable to use the FSCS Payments Portal before it closes, don’t need to do anything. FSCS will automatically send a cheque for their payment in the post within 7 working days. There is no need to contact FSCS.Members can get more information about receiving their money by: emailing - enquiries@fscs.org.ukcalling FSCS - 0800 678 1100 or 020 7741 4100, lines are open Monday to Friday from 9.00am to 5.00pmviewing the FAQs on the FSCS websiteviewing information on the Payments PortalMembers who make or receive regular payments from their account (eg, salary, rent or benefits) or want to discuss their accounts can: visit the LCCU websiteemail the administrator on lccu@pkf-l.com call the administrator on 020 7729 9218, 020 7189 1379, or 0113 541 7890Guidance is available on both the LCCU website and administrator website.Being alert to scamsAll customers should remain alert to the possibility of fraud. If you are cold called by someone claiming to be from the credit union, PKF 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.
https://www.fca.org.uk/news/news-sto...administration