Need help with a claim involving London Community Credit Union Ltd

If you’re worried about losses from a transaction involving London Community Credit Union Ltd and are considering compensation, our experts can help. We’ll review your case thoroughly to determine what happened, who’s responsible, and how much you could potentially recover.

London Community Credit Union Ltd

London Community Credit Union Ltd was a not-for-profit, member-owned financial co-operative, providing savings accounts and low-interest loans to residents in East London. It was authorised and regulated by both the Financial Conduct Authority (FCA) and Prudential Regulation Authority (PRA).

On 20 March 2024, the firm was placed into administration and declared in default by the FSCS. This triggered automatic compensation for eligible savers, typically up to £85,000 per individual.

 

What is a credit union and how is it different?

Unlike banks or pension providers, credit unions are owned by their members and exist to serve local communities. They offer simple financial services, like savings and small loans, without aiming to generate profit.

 

What makes a credit union different from pension providers?

Credit unions, unlike traditional pension providers or investment firms, are member-owned financial co-operatives. They are designed to serve the financial needs of their members by providing, usually a defined local community or workplace group, rather than generate profits.

Credit unions typically provide savings accounts and small, low-interest loans Unlike pension providers, they don’t deal in investment markets or manage complex retirement funds.

Even though credit unions don’t provide pensions or complex financial products, members can still suffer hardship when a credit union fails. The FSCS provides compensation in these situations to protect your money.

No win, no fee

If you don’t get paid, then you pay nothing. If you get paid, we take a pre-agreed percentage based on how much money you receive for your peace of mind.

Why are members claiming compensation from London Community Credit Union Ltd?

When London Community Credit Union Ltd collapsed in March 2024, the FSCS stepped in to compensate savers. Most members should have received their funds automatically, but not everyone has received the full amount, and some members may not be aware of their eligibility or the process.

 

You may still be entitled to compensation if:

  • You didn’t receive your money
  • You had a joint or business account
  • You were holding funds on someone else’s behalf (e.g. as a carer, trustee, or organisation)
  • You were abroad when the compensation was issued and missed the deadline

 

Background

  • Incorporation Date: 9 March 2000
  • FCA Authorisation Date: 1 December 2001
  • FCA Firm Reference Number: 213743
  • Status: In administration and declared in default
  • Reason for Claims: Loss of access to savings after collapse

 

Who was involved?

Credit unions are typically managed by a board of volunteers or appointed officers. Individuals responsible for running London Community Credit Union Ltd during its operation would have been listed as directors or board members, though specific names are not typically listed in the FCA Register for credit unions.

 

How can we help?

We specialise in helping people recover money from failed financial institutions, including credit unions. If you’re unsure whether you’re entitled to compensation, we can check for you and manage your FSCS claim from start to finish.

 

How does it work?

  • Free review: We check your eligibility at no cost
  • No win, no fee: You only pay if we recover money for you
  • End-to-end support: We manage everything, from evidence gathering to FSCS submission

 

Seek Claim Advice Today

Act now, time limits and deadlines may apply. If you were a member of London Community Credit Union Ltd and haven’t received compensation, or aren’t sure if you’re entitled, we can help.

Call 0800 041 8358 to speak to one of our claims advisers.

NB: Information for this page was gathered on 07/05/2025 from the FSCS, FCA Register, and Companies House, and is accurate to the best of our knowledge as of that date.

Company background (public record)

The company was under company number IP00640C. Its status at Companies House is recorded as active.

Company timeline (public record)

Key dated events for this firm, drawn from public records. Each entry shows its source.

Date Event Source
02 Jul 2002 Ian Mosley approved by the FCA at the firm FCA Register
02 Jul 2002 Sam Hynes approved by the FCA at the firm FCA Register
02 Jul 2002 Sarah Duvigneau approved by the FCA at the firm FCA Register
02 Jul 2002 Steven Warren approved by the FCA at the firm FCA Register
02 Jul 2002 Alexander Heslop approved by the FCA at the firm FCA Register
07 Oct 2003 Ismail Khubaib Malik approved by the FCA at the firm FCA Register
28 Sep 2004 Grenville Rupert Stanley Bingham approved by the FCA at the firm FCA Register
03 Dec 2004 Yvonne Eleanor Wood approved by the FCA at the firm FCA Register
10 Sep 2008 James Malcolm Swallow approved by the FCA at the firm FCA Register
10 Oct 2008 Glenda Velda Alexander approved by the FCA at the firm FCA Register
19 May 2009 Gareth Christopher Thomas approved by the FCA at the firm FCA Register
18 Oct 2010 Henrietta Cyrille approved by the FCA at the firm FCA Register
14 Feb 2011 Suzette Johannah Barry approved by the FCA at the firm FCA Register
24 May 2012 Son Kim Do approved by the FCA at the firm FCA Register
06 Feb 2013 David Morgan approved by the FCA at the firm FCA Register
03 Dec 2013 Peter Williams Constantine Edwards approved by the FCA at the firm FCA Register
13 Feb 2014 Kamrul Mohammed Islam approved by the FCA at the firm FCA Register
26 Nov 2015 Ryszard Jozef Plewa approved by the FCA at the firm FCA Register
01 Jul 2019 Peter William Constantine Edwards approved by the FCA at the firm FCA Register
14 Dec 2021 Gary Charles McKeown approved by the FCA at the firm FCA Register
22 Jan 2025 Declared in default by the FSCS FSCS
21 May 2026 FCA status recorded as: No longer authorised FCA Register

Who was involved?

The following individuals are listed on public records in connection with the firm. These are matters of public record only and their inclusion does not imply any wrongdoing by any named person.

  • Gary Charles McKeown. Listed on the FCA Register as having held SMF17 Money Laundering Reporting Officer (MLRO) (14/12/2021 to 21/01/2025) at the firm.
  • Ian Mosley. Listed on the FCA Register as having held CF1 Director (02/07/2002 to 06/03/2016), SMF17 Money Laundering Reporting Officer (MLRO) (15/09/2016 to 24/03/2021) at the firm.
  • Ryszard Jozef Plewa. Listed on the FCA Register as having held CF28 Systems and controls (26/11/2015 to 06/03/2016), CF3 Chief Executive (26/11/2015 to 06/03/2016), SMF6 Head of Key Business Areas (07/03/2016 to 27/12/2019), SMF1 Chief Executive (07/03/2016 to 27/12/2019) at the firm.
  • Gareth Christopher Thomas. Listed on the FCA Register as having held CF1 Director (19/05/2009 to 22/08/2013) at the firm.
  • Peter William Constantine Edwards. Listed on the FCA Register as having held SMF8 Credit Union Senior Manager (01/07/2019 to 31/10/2023) at the firm.
  • David Morgan. Listed on the FCA Register as having held CF1 Director (06/02/2013 to 06/03/2016), SMF5 Head of Internal Audit (07/03/2016 to 10/05/2017) at the firm.
  • Sam Hynes. Listed on the FCA Register as having held CF1 Director (02/07/2002 to 08/07/2004) at the firm.
  • Kamrul Mohammed Islam. Listed on the FCA Register as having held CF28 Systems and controls (13/02/2014 to 06/03/2016) at the firm.
  • Yvonne Eleanor Wood. Listed on the FCA Register as having held CF1 Director (03/12/2004 to 01/03/2006) at the firm.
  • James Malcolm Swallow. Listed on the FCA Register as having held CF1 Director (10/09/2008 to 06/03/2016), SMF3 Executive Director (07/03/2016 to 06/06/2016) at the firm.


Review page sources: FCA Register (FRN 213743) · Companies House (IP00640C) · FSCS. Public records, provided for transparency.

When it comes to Claims,
we won’t waste your time or ours.

This is why we have a 82%* success rate on submitted claims in similar circumstances to London Community Credit Union Ltd

*82% success rate is an accurate figure based on pension and investment related claims submitted and concluded between 1st December 2020 to 1st August 2024.

Latest FSCS Update

Our team is currently working to obtain the latest update on this company. Please check back later for further information.

If you believe you may have been affected, please book a free consultation with our team. We will carry out all the investigative work on your behalf. If your claim is not successful, you will not pay a penny. You can call us during office hours or email hello@claimmyloss.co.uk – we are here to help.

Our Process for Making a Mis-sold Claim

Initial Consultation

Start a free consultation to understand your situation and help you decide on the best course of action.

Collect & Review Agreements

We”ll collect and review your documentation of the advice given, pension transfer details, and evidence of any financial losses.

Submit a Claim

We will formally submit your claim to the relevant parties, clearly outlining why you’re entitled to compensation.

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