Live Breaking News & Updates on Barrhead Credit Union

 
Inquiry into Pioneer Mutual bank collapse as savers refunded £3.3m two years after auditors warned of its future as a going concern
PREMIUM
£3.3m payout: Probe over collapse of Scots bank two years after auditors warned of its future as a going concern
AN INVESTIGATION has been launched into how £3.3m had to be refunded to thousands of savers as a Scottish community bank collapsed two years after auditors cast doubt over its future as a going concern.
It has further emerged that the Barrhead-based Pioneer Mutual Credit Union which fell into insolvency failed to provide annual accounts to financial regulators since 2018. ....

Glasgow City , United Kingdom , East Renfrewshire , City Of , Dame Elizabeth Gloster , Tom Arthur , Maureen Watt , Peter Gibson , Dermot Oneill , Debbie Gupta , Raj Parker , Michael Sheen , Tom Arthur Thomascarthur , Scottish Parliament Bill Kidd , Pioneer Credit Union , Renfrewshire Council , Renfrewshire Chamber , Investment Management Financial Advice Association , Scottish Parliament , Financial Services Compensation Scheme , Party Parliamentary Group On Personal Banking , Prudential Regulatory Authority , Barrhead Housing Association , Companies House , Barrhead Credit Union , Geoffrey Martin Co ,