Hastings & Rother Credit Union Limited - Administration

Hastings & Rother Credit Union Limited (trading as 1066 Community Bank), a credit union based in East Sussex with 590 members, entered administration on 8 August 2023, citing regulatory and solvency issues. Dina Devalia and James Varney of Quantuma were appointed Joint Administrators, and told members that their money is safe and the FSCS will return 100% of members’ deposits, subject to the £85,000 FSCS limit.