My housemate has received a cheque for his shares in the post. He had a question I couldnt answer. He had a car loan with the CU, he is foreign and was unaware of the situation and was very surprised to get a check for his shares, he has had no communication in relation to his loan, what happens to it? I see from the site the CU is open for loan repayments only, but a third party says he would be mad to pay it back. Moral issue and bar stool economics aside what happens to the outstanding loans? Should he wait to receive communication on this, wait for someone to buy the loans? The shares would have cancelled out the loan with only a nominal amount remaining. I have read the above post about the probable actions that will be taken but what should happen in the short term?