The Financial Services Compensation Scheme (FSCS) has stepped in to protect customers of Enterprise The Business Credit Union (Enterprise), trading as DotComUnity Credit Union which was placed into administration and ceased trading on 14 May 2015. 

Bournemouth based Enterprise had around 1,900 members with savings totalling £7 million.  FSCS anticipates that the majority of customers will get their money back within seven days.

To read the press release, click here.