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Rainbow Saver Anglia Credit Union Limited
– In Administration (“RSACU”)
James Sleight and Peter
Hart of PKF GM were appointed as Joint Administrators of RSACU on 18 May
2022.
The Financial Services
Compensation Scheme (“FSCS”) has also declared the credit union in
default, which means that all savers monies are protected and will
receive their funds (up to the limit of £85,000 per individual).
James Sleight, of PKF GM,
said: “All of RSACU’s savers will have their balance returned by the
FSCS. They don’t need to do anything to get their money back; savers
should look out for a letter in the post from the FSCS in the next few
days.”
RSACU has now ceased trading.
Don’t worry, your money is safe
You do not need to do
anything to make a claim for your RSACU savings balance with the FSCS as
they will send you payment in respect of your account balances as at 17
May 2022 very soon. Should any monies be paid into RSACU’s bank account
on or after 18 May 2022 until the account is closed where you are the
intended recipient you will need to complete a return of funds request
form which will be issued to you by post shortly by the Joint
Administrators.
Your benefits, salary or other regular deposits into your RSACU’s account
You need to contact DWP
or any other government offices that handle your benefits and give them
new account details for another account in your name. If you do not have
an account with any other bank or credit union, you will need to set one
up immediately as RSACU’s bank account will be closed.
Loan(s) with RSACU
You need to continue to make your contractual repayments
on your loan(s) until fully paid off.
You should cancel any
direct debits or standing orders you currently have in place in relation
to your savings and contact the office (numbers published below) to
obtain the new Administration bank details to set up a standing order to
resume your contractual loan(s) repayments.
For further information The FSCS has further information available on its website: (https://www.fscs.org.uk/making-a-claim/failed-firms/rainbow-saver-anglia/), along with their frequently asked for questions
which are
published alongside this notice.
For
any queries please contact the Administration team in the first instance
on 01502 630 120
or email rsacu@pkfgm.co.uk, alternatively please call 0113 244
5141.
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Tel +44 (0) 113 244 5141 · info@pkfgm.co.uk ·
www.pkfgm.co.uk
PKF GM is the trading name of PKF Geoffrey
Martin & Co Limited, registered as a limited company in England and
Wales number 08867423. Registered office 15 Westferry Circus, Canary
Wharf, London E14 4HD. PKF Geoffrey Martin & Co Limited is a subsidiary
of PKF Littlejohn LLP, a member of the PKF International Limited network
of legally independent firms and does not accept any responsibility or
liability for the actions or inactions on the part of any other
individual member firm or firms. Unless otherwise stated Licensed
Insolvency Practitioners are authorised in the United Kingdom by the
Insolvency Practitioners Association and when acting as Administrators
or Receivers do so without personal liability.
Details of our office locations can be found
at www.pkfgm.co.uk |
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