According to a report from Glasgow Live, an emergency meeting in Glasgow last week brought together several credit unions to discuss a possible legal challenge aimed at reinstating the cover. John Lyons, manager of the Carntyne and Riddrie Credit Union and himself a policyholder, said many members have been left devastated. Lyons, 65, and his wife Lorraine, 67, had £6,000 in cover but have already paid more than £8,000 in premiums. He noted that most people would not have considered withdrawing from the scheme after paying in so much, as they view their contributions as an investment and want to avoid leaving a financial burden on their families.
