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Senior Legal Counsel
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Senior Financial Planner (Business) - Bondi - NSW - NAB
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Senior Manager, Operational Risk & Monitoring
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Corporate Recovery Senior – Australia, Audit experience welcomed
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Asset Finance, Fisher&Paykel Credit Union, UDC and United Credit Union approved
Whakatane-based personal loan finance company Asset Finance, Fisher and Paykel Credit Union, the ANZ owned UDC and the United Credit Union have all been approved by the Treasury for inclusion in the Deposit Guarantee Scheme.
* This article was first published yesterday in our daily subscription newsletter for the banking and finance industries. The email costs NZ$365 per annum and carries exclusive news and analysis for New Zealand banking and finance industry executives, regulators and investors. Sign up for a free trial here.
3 Comments
Do these guys need to
Do these guys need to pay additional premiums for having the guarantee ? As a tax payer, Im not happy that I am supporting finance companies tax on high risk/high reward business.
AH The simple answer is
AH
The simple answer is not for their existing deposit levels. They do pay a surcharge for deposit growth from their levels just before the introduction of the scheme. The big banks do however have to pay. Needless to say, they're also grumpy about it.
cheers
Bernard
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