North East Warrington Credit Union Ltd
Failed 04 May 2022
You don't need to do anything
North East Warrington Credit Union Ltd has failed.
On 4 May 2022, North East Warrington Credit Union Ltd was placed into administration and ceased trading. The Financial Services Compensation Scheme declared North East Warrington Credit Union Ltd as failed (in default) on 4 May 2022.
As a North East Warrington Credit Union Ltd customer, you don't need to worry, as your money is safe.
FSCS will automatically pay back your money, according to the account details we receive from the credit union. We'll contact you by post.
There are more details below, and answers to commonly asked questions on the Q&A tab.
Download the determination papers (pdf 0.1MB)
In most cases, FSCS aims to make payment within seven days from the date we declared it failed, on 4 May 2022. For more complex cases, which may require further investigation, we'll aim to settle claims within 10 working days of being notified of the issue.
If you have a balance below £1,000, you will get a letter to get cash over the counter at the Post Office. To receive payment, take this letter to any Post Office counter, with personal identification, as outlined in that letter.
If you have a balance over £1,000, you will receive a cheque. In both events, we will contact you by post in an unmarked envelope.
FSCS will receive information from North East Warrington Credit Union Ltd that will detail your individual credit balance. The payment you receive will be the balance on your account on the date FSCS declared North East Warrington Credit Union Ltd as failed, on 4 May 2022.
If you disagree with the amount paid by FSCS, please call the Administrators’ team on 0161 532 4621 or email them at email@example.com and they will look into your query. Do not return your payment to FSCS unless you're specifically asked to do so.
You'll need to open a bank account with another deposit taker (e.g. a bank, building society or the Post Office). You should bank the cheque as soon as possible.
If you need help in opening a Basic Bank Account, your local Citizens Advice Bureau should be able to help or visit your local high street bank.
Warrington Citizens Advice Bureau, The Gateway, 89 Sankey Street, Warrington, Cheshire, WA1 1SR.
Warrington Citizens Advice Bureau has said on its website that face-to-face advice services are closed until further notice, but it is continuing to run phone and email services.
National Advice Telephone: 0300 3309 091
Further information on Basic Bank Accounts can be found on the Moneyhelper website.
North East Warrington Credit Union Ltd savings accounts will be closed. If your salary or benefits are paid into your savings account, you'll need to open a new bank account as soon as possible. You should contact your employer, pension provider or the Department for Work and Pensions (DWP) to tell them to pay your salary or benefits into your new account.
If you are in receipt of any of the following benefits you'll need to provide details of an alternative bank or building society to enable future payments to be made.
- Jobseeker’s Allowance
- Income Support
- Employment and Support Allowance
- Universal Credit
- Personal Independence Payment
- Disability Living Allowance
Some useful contact details:
- You can contact your local Jobcentre or telephone the DWP on the following Freephone numbers: Employment Support Allowance (ESA) – 0800 169 0310
- Income Support (IS) – 0800 169 0310
- Jobseekers Allowance (JSA) – 0800 169 0310
- Universal Credit – you can contact Universal Credit by calling the Universal Credit Helpline on 0800 328 5644 or through your online account. Find more information on the .gov website.
- Personal Independence Payment (PIP) – 0800 121 4433
- Disability Living Allowance (DLA) – 0800 121 4600
To have your benefit payments paid into an alternative bank, building society or local credit union account you will need to contact the following agencies with your new bank details:
- Housing Benefit – Details of the local council in Warrington:
Contacting the Council: Warrington Borough Council Customer contact centre address is 1 Time Square, Warrington, WA1 2EN.
Open 8:45am to 5pm Monday to Friday.
Customers are also able to make an enquiry online via the website: www.warrington.gov.uk/contactus
Telephone number for Warrington Borough Council: 01925 443322
- Working Tax/Child Tax Credits - This is HM Revenue & Customs (HMRC) administered. To change your bank account details, contact HMRC on 0345 300 3900
- Child Benefit - This is also HMRC administered. You can change your bank account details online using the HMRC webpages at gov.uk or tel: 0300 200 3100. Alternatively, you can write to HMRC: HM Revenue & Customs, Child Benefit Office, PO Box 1, Newcastle Upon Tyne NE88 1AA.
If you need help in contacting these agencies, your local Citizens Advice Bureau should be able to help you.
Warrington Citizens Advice Bureau
The Gateway, 89 Sankey Street, Warrington, Cheshire, WA1 1SR
National Advice Telephone: 0300 3309 091 open Monday to Friday 9am to 5pm
No. FSCS will pay your compensation by sending you a cash over the counter letter, or a cheque in an unmarked envelope.
If this payment is just for savings, you should cancel it as no further money will be added to your savings account. You'll need to arrange for these payments to be paid into a new or different account and should cancel any existing arrangements that direct these payments to your North East Warrington Credit Union savings account.
You can cancel the standing order at any branch of your bank or building society, over the phone or via secure online banking. However, you'll need to give your bank/building society a couple of days’ notice before the payment is due to come out of your account. If your standing order is also for loan repayments, do not cancel it and please see the question below.
Do not cancel any repayments as your loan agreement remains in place and you must make your repayments as originally contracted.
Future loan repayments will be managed by the Joint Administrators, Mike Dillon and Andrew Poxon of Leonard Curtis Recovery Ltd, who will contact you with the Administration bank account details as soon as they can.
If you made payments covering both loans and savings then the Administrator will be able to advise you of the new amount you need to pay each month so that you do not fall into arrears.
For further information about your loan, please call 0161 532 4621, or alternatively email firstname.lastname@example.org and they will look into your query.
North East Warrington Credit Union is no longer accepting loan repayments through a service point (a service point is another point, or location, from where a Credit Union may have offered its services). Please contact the Joint Administrators via the dedicated call centre on 0161 532 4621 or email email@example.com to discuss arrangements for the repayment of your loan another way.
FSCS will receive information from North East Warrington Credit Union that will show the individual balances of all accounts held by its members at the date of default, 4 May 2022.
Any amounts paid into your account on or after the Administration date will not be added to your savings balance and will be dealt with by the Joint Administrators - their contact details are on the 'Information' tab.
For junior members, FSCS will send a payment in the name of the account holder for the money in their account at the date of default.
If the account is operated by an adult on behalf of the child, the cheque will be sent to the account operator’s address, if that has been registered with the credit union, but the payment will be in the child’s name.
A new account in that name will need to be opened with an alternative provider. We cannot pay parents or guardians.
Yes. The website www.findyourcreditunion.co.uk may help.
FSCS will send payment to the address that North East Warrington Credit Union holds on its database.
If you didn't let the credit union know of your change of address before it was declared in default, or you notified it of the change but didn't receive confirmation that its records had been updated before it was declared in default, FSCS will need to see evidence of your change of address before we can make any compensation payment.
Please contact the Joint Administrators' team by calling 0161 532 4621 or email firstname.lastname@example.org and supply the team with evidence of the change of address. Once confirmed, they will instruct FSCS to make payment to the new address.
Documents that can be used as evidence include a council tax bill, a utility bill (not a mobile phone bill) or a benefits entitlement letter, so long as they are less than three months old.
If you have already banked the cheque, you don't need to take any further action. If you have not received your payment or can’t bank the cheque, we will need to see evidence of your name change before we can return your money.
Please contact the Joint Administrators’ team on 0161 532 4621 or alternatively email email@example.com with evidence of the change of name. Once confirmed they'll tell FSCS to make a payment in the new name.
Documents that can be used as evidence include an original or certified copy of a marriage certificate or a deed poll. Additionally, you'll need to provide a council tax bill, or a utility bill (not a mobile phone bill) or a benefits entitlement letter with your new name, dated less than three months old.
If the estate has already banked the cheque, you do not need to take any further action. If the estate has not received the payment, you will need to send FSCS the original Death Certificate, Grant of Probate and a copy of the will or letter of administration. These documents are required before FSCS can make a payment.
However, should you wish to contact FSCS regarding any issues that you may have, please call freephone 0800 678 1100 or 020 7741 4100. Lines are open Monday to Friday 9am to 5pm excluding public holidays.
Alternatively, send these documents to the Joint Administrators by email to firstname.lastname@example.org or by post to North East Warrington Credit Union (NEWCU) Limited c/o Leonard Curtis Recovery Limited and the address is Riverside House, Irwell Street, Manchester M3 5EN.
The Joint Administrators will then contact FSCS so that we can pay compensation.