Waltham Forest Council Employee Credit Union enters administration

Waltham Forest Council Employee Credit Union – which traded as Forest Savers – has entered into administration and ceased trading.

Dina Devalia and Terri Mulgrew of Quantuma were appointed joint administrators of the firm on 19 August 2025.

The FSCS will now proceed make payments to customers of the credit union in accordance with the account details received from the firm.