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Credit Unions

Google Pay and banking-as-a-service business model seen making competitive landscape tougher for banks
28th Jan 21, 3:13pm
Google Pay and banking-as-a-service business model seen making competitive landscape tougher for banks
Gareth Vaughan argues the Reserve Bank's COVID-19 response is tilting the playing field in favour of banks at the expense of non-bank deposit takers
23rd Nov 20, 12:01pm
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Gareth Vaughan argues the Reserve Bank's COVID-19 response is tilting the playing field in favour of banks at the expense of non-bank deposit takers
RBNZ Deputy Governor Geoff Bascand says the prudential regulator can't direct banks to lend funds from its Funding for Lending Programme to a particular sector
13th Nov 20, 10:31am
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RBNZ Deputy Governor Geoff Bascand says the prudential regulator can't direct banks to lend funds from its Funding for Lending Programme to a particular sector
Kiwibank chief economist Jarrod Kerr walks through the concept of a negative OCR, what it will mean for borrowers, savers, lenders, the government and the NZ$, and where we might go from there
25th Aug 20, 2:48pm
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Kiwibank chief economist Jarrod Kerr walks through the concept of a negative OCR, what it will mean for borrowers, savers, lenders, the government and the NZ$, and where we might go from there
Credit unions and building societies are battling away, serving regional New Zealand during these tough times. Could the Provincial Growth Fund, or the RBNZ, help them shore their positions up and even grow?
27th Jun 20, 9:31am
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Credit unions and building societies are battling away, serving regional New Zealand during these tough times. Could the Provincial Growth Fund, or the RBNZ, help them shore their positions up and even grow?
Commerce Commission looking at COVID-19 'mortgage holidays' through CCCFA lens, what RBNZ capital concession means & what about non-bank deposit takers?
31st Mar 20, 2:01pm
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Commerce Commission looking at COVID-19 'mortgage holidays' through CCCFA lens, what RBNZ capital concession means & what about non-bank deposit takers?
Council of Financial Regulators says climate change, financial inclusion and consumer engagement, residential property insurance, plus conduct and governance are on its agenda
29th Nov 19, 4:13pm
Council of Financial Regulators says climate change, financial inclusion and consumer engagement, residential property insurance, plus conduct and governance are on its agenda
Credit Union Baywide acquires Co-op Money NZ saying the industry association for member owned credit unions will continue providing its services to credit unions and non-credit unions
22nd Nov 19, 9:48am
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Credit Union Baywide acquires Co-op Money NZ saying the industry association for member owned credit unions will continue providing its services to credit unions and non-credit unions
Credit Union Baywide makes multi million dollar loan to Co-op Money NZ, the industry association for member owned credit unions and its key service provider
27th Jun 19, 2:28pm
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Credit Union Baywide makes multi million dollar loan to Co-op Money NZ, the industry association for member owned credit unions and its key service provider
Interim CEO of NZCU Baywide, which is taking over three other credit unions, says he's 'quite comfortable' with their Oracle core banking platform
19th Mar 19, 11:25am
Interim CEO of NZCU Baywide, which is taking over three other credit unions, says he's 'quite comfortable' with their Oracle core banking platform
Steelsands Credit Union members reject transfer of engagements under the Friendly Societies and Credit Unions Act to Credit Union Baywide
18th Mar 19, 9:44am
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Steelsands Credit Union members reject transfer of engagements under the Friendly Societies and Credit Unions Act to Credit Union Baywide
Members of the troubled Aotearoa Credit Union rubber-stamp takeover by Credit Union Baywide
13th Mar 19, 12:20pm
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Members of the troubled Aotearoa Credit Union rubber-stamp takeover by Credit Union Baywide
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