This morning I received an (undated and unsigned) letter from the Hackney Credit Union, announcing that the Financial Services Authority has instructed HCU to stop all transactions with immediate effect.
"This means that the credit union is closed, and members cannot take any money out of their accounts and we cannot accept money in either, from today."
No further information is given as to the nature of the problem, and a quick google and search of the FSA site leaves me equally uninformed. At the time of writing the Hackney Credit Union site does not even appear to have been updated to reflect the content of the letter posted out.
Does anyone have any further information?