A credit union in Birmingham which celebrated its 20th anniversary this year has gone into administration and is facing closure.
Birmingham Inner Circle Community Credit Union has been placed under the control of administrators from Quantuma and will shut down in October.
The union, which is based in Ladywood, was founded in 2002 and acts as a financial cooperative, offering its members saving and borrowing services. In 2020, it recorded a turnover of £105,000.
