NZACU represents 18 credit unions and 5 mutual building societies in New Zealand
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NZACU represents 93% of the credit union and mutual building society sector in New Zealand worth over $1.26 billion in assets
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Credit unions and mutual building societies are significant players in the New Zealand financial services sector.
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*Credit unions are not registered banks, but like banks, are supervised by the Reserve Bank of New Zealand as non-bank deposit takers.