Live News: November 1, 2012 (From The Advertiser Series)

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The North Yorkshire Credit Union has announced its collapse just weeks after it assured members it was only suspending loans temporarily and was not in any danger of going bust.

But today proved the union - which provided savings accounts and loans to more than 5,000 people in the county - could not be saved and talks are already taking place to bring South Yorkshire Credit Union into North Yorkshire.

North Yorkshire County Council forked out loans of £200,000 to help North Yorkshire Credit Union establish itself and a spokesperson for the council said it did not expect to be able to claim that money back after the collapse.

Savers have been assured their money is safe, and will be contacted by the Financial Services Compensation Scheme about how to collect savings and where to make future loan payments to.

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STOCKTON ASSAULT: Cleveland Police are appealing for information in connection with an assault which took place in Arlington Street in Stockton in the early hours of Tuesday morning.

The  27 year old male victim was in the street between 1.00am and 2.00am when he was approached by two men who attacked him.

The victim’s girlfriend was present at the time and was screaming loudly in the street which may have been heard by occupants of neighbouring homes.

Two men have been arrested and appeared at TMC today; 20-year-old Kenny Burton of Stockton and 33-year-old Jonathan May also of Stockton.  Both were charged with ‘wounding with intent’ and ‘possession of an offensive weapon’.  Both have been remanded in custody.

Police are appealing for anyone who witnessed the incident to contact DC Neil Cawthorne at Cleveland Police on 101 or to contact Crimestoppers anonymously on 0800 555 111.

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WHAT'S ON: FIREWORK DISPLAYS

Click here to see a list of firework displays happening around the North-East and North Yorkshire

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