About our work with Credit Unions

PKF GM has been providing services to the Credit Union industry for over five years. In that period we have assisted 15 Credit Unions with their wind down plans.

Our team


We have a team dedicated to Credit Union assignments and have the ability to draw on other resources across our wider firm and the services of specialist consultants, selected from previous assignments, to assist with the wind down plan should there be a need.

We are not geographically constrained and assignments have been carried out in England, Scotland and Wales.


James is known for his pragmatic approach and specialises in making sense of complex scenarios.

James Sleight

Director - Leeds

t: 0113 426 7404

e: James.sleight@pkfgm.co.uk

Peter has undertaken numerous advisory assignments for a diverse range of clients.

Peter Hart

Director - London

t: 020 7516 2221

e: Peter.hart@pkfgm.co.uk

Working with the regulators


In every assignment we work closely with the PRA Prudential regulation | Bank of England, FCA Financial Conduct Authority | FCA and FSCS Financial Services Compensation Scheme | FSCS to ensure member compensation is expedited and effective and are a recommended  provider of these services by the regulators.

We also work closely with a number of other government agencies and regulators in restructuring assignments where there is an overriding need to protect vulnerable members of society.

Recent assignment

City of Plymouth Credit Union

The Financial Services Compensation Scheme (FSCS) has also declared the credit union in default, which means that savers are entitled to receive their deposits back.

Our approach


Our approach is ‘hands on’ and we work closely with the Board, employees, volunteers and the regulators to ensure all concerns are addressed and desired outcomes harmonised.

In any pre-Administration period this would involve attending premises to carry out the necessary due diligence and ensure the credit union’s single customer view file is in order to facilitate early compensation to members when the regulators determine default.  In preparation for the Administration and subsequent periods members of our team will be on site in advance  to ensure member queries and concerns are allayed and compensation and re-banking requirements are effectively addressed. A key part of this work is liaising with members who are wholly reliant on the credit union for their day to day living and assisting with sourcing alternative banking arrangements and ensuring their benefits and monies can be accessed without delay. We liaise with charities, local councils and benefits offices to facilitate this.

Typically we work alongside volunteers and Credit Union employees following Administration as their knowledge of the particular circumstances of the Credit Union and the community are invaluable and assist in the delivery of the agreed strategy.


Recent assignments


Rainbow Saver Anglia Credit Union

All Flintshire Credit Union

Barrow District Credit Union




James Sleight


07786 175216 / 0113 426 7404


Peter Hart


07813 212452 / 020 7516 2221


John Birkinshaw


07780 664432 / 0113 426 7408


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