FSA has publicly censured the Pentecostal Credit Union Limited and banned its director, Reverend Carmel Jones, for issuing loans worth £1.2 million under its members’ names but channelling the money to a Church Organisation. This was in direct breach of credit union rules, which stated that only individual members could borrow, not organisations. FSA had warned the union several times it could not carry out this practice. (Source: Final Notice Reverend Carmel Jones and Final Notice The Pentecostal Credit Union Limited)