August 2018

Administrators appointed at Loans and Savings Abertawe Credit Union Ltd (“LASA”)

Dina Devalia and James Sleight of PKF Geoffrey Martin & Co have been appointed as Joint Administrators of Loans and Savings Abertawe (LASA) Credit Union Ltd, which trades as My Community Bank Wales.
 
The Financial Services Compensation Scheme (FSCS) has also declared the credit union in default, which means that savers are entitled to receive their deposits back.
 
Tracing its origins back to 1992, LASA serves all geographic areas of Wales excluding Cardiff and Vale.
 
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