Media Centre

Media releases and news about credit unions and mutual building societies in New Zealand published by New Zealand Association of Credit Unions.

Credit Union Industry Dedication Honoured at National Awards

31/07/14 A number of dedicated New Zealand credit union staff and directors were honoured recently with an Individual Recognition Award at the credit union industry awards dinner held at MovieWorld on the Gold Coast on Tuesday 29 July 2014 >Read the full story

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New freedom for credit unions

28/07/14 Credit unions are "delighted" by incoming law changes that will reduce their costs, increase flexibility, and help them compete with the big banks.  >Read the full story

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Credit union rules to change

24/07/14 Commerce Minister Craig Foss says changes are underway to give credit unions improved legal status and promote innovation, efficiency and accountability in the industry >learn more

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Save, spend, enjoy

19/05/14 Henry Lynch is chief executive of the New Zealand Association of Credit Unions, which represents 22 financial co-operatives with over 200,000 members. The Sunday Star Times' 'Face Value' asks him his thoughts and experiences with regards to personal financial management...>learn more

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New law for credit unions, finance companies

5/12/13 Parliament has passed a law described as a "complete waste of time" which introduces a licencing regime for non-bank deposit takers (NBDTs).  The Non-bank Deposit Takers Act 2013, which is expected to come into force in May 2014, covers finance companies, building societies, and...

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It's in your interest to get better return from banks

3/12/13 Many Kiwis have money languishing in accounts paying less than 1 per cent. With little more than a few minutes' work they could be picking up 4 per cent with ease on instant access savings and well over 5 per cent for 12 months.  Learn more >

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Call for 'mum and dad' RBNZ supervision

9/10/13 The industry body representing 23 member credit unions and building societies said a recent Reserve Bank of New Zealand report partially opened the door for ‘bank-like’ credit unions and building societies to directly report to the central bank.  Learn more >

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Banks pressured to make swaps easier

26/08/13 NZACU chief executive Henry Lynch said bank account number portability would bring down the cost of banking for customers over the long term because banks would have to work harder to hold on to customers. "Once it's portable, the customer is benefited by reduced prices ..." ...

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Members Bill to provide legal status to Credit Unions

28/06/13 Peseta Sam Lotu-Iiga, MP for Maungakiekie, has announced that he will introduce a Private Members Bill to Parliament aimed at providing legal status to Credit Unions.  “This bill is aimed at giving these institutions their own legal status, clarifying an archaic administrative process...

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Law change clears way for credit union advisers

11/06/13 New Zealand's credit unions have had an early Christmas present after the Government changed the law clearing the way for all financial advisers to provide advice on credit union savings accounts and term deposits. Learn more >

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