Credit Unions
Five credit unions to seek member backing for transfer of engagements to Credit Union Baywide from March 11 to March 15
28th Feb 19, 12:01pm
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Five credit unions to seek member backing for transfer of engagements to Credit Union Baywide from March 11 to March 15
Loan from NZCU Baywide, NZCU Central, NZCU South & Steelsands Credit Union propping up Aotearoa Credit Union ahead of proposed five-way merger
16th Jan 19, 1:33pm
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Loan from NZCU Baywide, NZCU Central, NZCU South & Steelsands Credit Union propping up Aotearoa Credit Union ahead of proposed five-way merger
Chairman Richard Westlake confident there's a future for the services Co-op Money provides despite proposed merger of 5 of its 9 credit union members
21st Dec 18, 5:00am
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Chairman Richard Westlake confident there's a future for the services Co-op Money provides despite proposed merger of 5 of its 9 credit union members
Credit unions NZCU South, NZCU Central, NZCU Steelsands, Aotearoa Credit Union and NZCU Baywide unveil merger plans
18th Dec 18, 2:39pm
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Credit unions NZCU South, NZCU Central, NZCU Steelsands, Aotearoa Credit Union and NZCU Baywide unveil merger plans
First Credit Union's First Insurance to offer insurance via other NZ credit unions after Co-op Money sells its insurance operations
5th Dec 18, 9:35am
First Credit Union's First Insurance to offer insurance via other NZ credit unions after Co-op Money sells its insurance operations
Massey University's Claire Matthews steps down as chairman of beleaguered credit union industry association Co-op Money
28th Nov 18, 7:45am
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Massey University's Claire Matthews steps down as chairman of beleaguered credit union industry association Co-op Money
LVRs, bank capital review, dashboard plans and credit union struggles; Four things to keep an eye out for in the RBNZ's Financial Stability Report on Wednesday
26th Nov 18, 9:41am
LVRs, bank capital review, dashboard plans and credit union struggles; Four things to keep an eye out for in the RBNZ's Financial Stability Report on Wednesday
Co-op Money, the credit union industry association, has its credit rating downgraded as Fitch frets about tight liquidity, weakening capitalisation & its lack of profitability
23rd Nov 18, 5:08pm
Co-op Money, the credit union industry association, has its credit rating downgraded as Fitch frets about tight liquidity, weakening capitalisation & its lack of profitability
Co-op Money credit union members working on 'step-in rights' project against backdrop of more expensive than expected new Oracle Flexcube banking system
19th Nov 18, 9:34am
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Co-op Money credit union members working on 'step-in rights' project against backdrop of more expensive than expected new Oracle Flexcube banking system
Aotearoa Credit Union annual loss tops $2m as new Oracle core banking system causes loss of customers & leads to unreliable management reports
17th Nov 18, 10:34am
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Aotearoa Credit Union annual loss tops $2m as new Oracle core banking system causes loss of customers & leads to unreliable management reports
Aotearoa Credit Union's board 'intently focused on securing its future' after second consecutive annual loss & breach of RBNZ regulations
19th Oct 18, 4:35pm
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Aotearoa Credit Union's board 'intently focused on securing its future' after second consecutive annual loss & breach of RBNZ regulations
Co-op Money posts annual loss & restates last year's results to record a loss after correcting error in its accounting for future funded insurance premiums
17th Oct 18, 3:52pm
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Co-op Money posts annual loss & restates last year's results to record a loss after correcting error in its accounting for future funded insurance premiums
First Credit Union seeking $5.4 million repayment for Co-op Money base capital notes
27th Sep 18, 3:06pm
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First Credit Union seeking $5.4 million repayment for Co-op Money base capital notes
Westforce Credit Union provides interest.co.nz letter showing NZCU Baywide agreeing to buy its Co-op Money capital notes if Westforce left the industry body
2nd Aug 18, 5:00am
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Westforce Credit Union provides interest.co.nz letter showing NZCU Baywide agreeing to buy its Co-op Money capital notes if Westforce left the industry body
Acting CEO & ex chief operating officer Jonathan Lee named CEO of credit union industry association Co-op Money NZ
30th Jul 18, 9:35am
Acting CEO & ex chief operating officer Jonathan Lee named CEO of credit union industry association Co-op Money NZ
Credit union industry association Co-op Money NZ battles a core banking system upgrade cost blowout, divorce from two members & other financial challenges
26th Jul 18, 5:06pm
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Credit union industry association Co-op Money NZ battles a core banking system upgrade cost blowout, divorce from two members & other financial challenges
NZCU Baywide open for 95% mortgages, increases lending cap to $600,000
KPMG's annual survey of non-bank financial institutions shows a declining availability of cheap funding as one lender delivers a net interest margin as high as 22.67%
14th Dec 17, 12:52pm
KPMG's annual survey of non-bank financial institutions shows a declining availability of cheap funding as one lender delivers a net interest margin as high as 22.67%
Has the Government's Welcome Home Loan scheme under-performed because of banks' relaxed credit policies?
2nd Jul 17, 8:41am
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Has the Government's Welcome Home Loan scheme under-performed because of banks' relaxed credit policies?
Vehicle financing growth a key feature of KPMG's annual non-bank financial institution performance survey as P2P's sustainability is questioned
15th Dec 16, 4:31pm
Vehicle financing growth a key feature of KPMG's annual non-bank financial institution performance survey as P2P's sustainability is questioned
Gareth Vaughan looks at what the P2P 'revolution' has achieved so far, and what it means for mutuals such as credit unions & building societies
2nd May 16, 7:41pm
Gareth Vaughan looks at what the P2P 'revolution' has achieved so far, and what it means for mutuals such as credit unions & building societies
What happened while we were away: Auckland housing market cools, shock death of SBS CEO, S&P helps with retention of off-quarter GDS, Harmoney chairman exits & more
19th Jan 16, 9:22am
What happened while we were away: Auckland housing market cools, shock death of SBS CEO, S&P helps with retention of off-quarter GDS, Harmoney chairman exits & more
Finance companies keen to dob in irresponsible & unethical lenders & expect 'effective enforcement' from regulators after splashing out for 'once in a generation' regulatory shake-up
10th Dec 15, 2:52pm
Finance companies keen to dob in irresponsible & unethical lenders & expect 'effective enforcement' from regulators after splashing out for 'once in a generation' regulatory shake-up
Credit Union South to cut funding costs & boost lending growth through up to $50m of lending from Westpac mortgage securitisation
22nd Sep 15, 5:02am
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Credit Union South to cut funding costs & boost lending growth through up to $50m of lending from Westpac mortgage securitisation
S&P sees heightened risk for NZ financial institutions from surging Auckland house prices; Big 4 banks' stand-alone credit profiles downgraded
14th Aug 15, 1:50pm
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S&P sees heightened risk for NZ financial institutions from surging Auckland house prices; Big 4 banks' stand-alone credit profiles downgraded