Credit Union tells members their savings are safe after FSA withdraws its licence to operate

A credit union based in Pembrokeshire has promised its members that their savings will be paid back after being forced to cancel its operations by the Financial Services Authority (FSA). The Landsker Community Credit Union (LCCU) described the situation to its members in a letter: "Your savings are safe! Landsker Community Credit Union's permission to take savings deposits, also to let saving members withdraw their money as well as to make any more loans, has been withdrawn by the Financial Services Authority".