Credit union goes bust

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Published by 24publishing for 24dash.com in Housing and also in Central Government, Communities, Local Government

A credit union in Yorkshire has gone bust but its 5,000 savers will get their money back. North Yorkshire Credit Union has been placed into liquidation following reports it was no longer able to meet its expenses. Its savers have some £2m tied up in the union. It is understood North Yorkshire County Council - which gave the union a £200,000 loan when it first started - will hold an inquiry into the matter. Janet Looker, chairwoman of the board of directors of the union, tol...

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