They are organizations which are owned and controlled by the members who save, borrow, invest, and do their day to day transactional banking activities with them.
Credit Unions are not a Registered Bank, but like banks, are supervised by the Reserve Bank of New Zealand as non-bank deposit takers.
Credit Unions are financial co-operatives which offer a range of banking service to its members. They are organizations which are owned and controlled by the members who save, borrow, invest, and do their day to day transactional banking activities with them.
First Credit Union
First Credit Union is able to provide its services to: any person residing or working in New Zealand including persons aged 16 years or younger;
Any person who is a member of the same household as, and is a relative of, a member (a relative is a spouse, former spouse or a de facto spouse, linear ancestor or descendent, brother, sister, uncle, aunt, nephew, niece, first cousin or any of their spouses or former or de facto spouses;
A charitable entity as defined by the Charities Act 2005; and
An incorporated society registered under the Incorporated Societies Act 1908.
First Credit Union - Services
Members have access to Credit Union services through: Ten Branch Offices; Internet Banking; Telephone Banking; Text Banking; School Banking; ATM; EFTPOS; AccessDebit MasterCard; Foreign Exchange; and Fisher Funds KiwiSaver
More Information about First Credit Union
First Credit Union at June 2015 had 61,408 members, total assets of $295 million and reserves of $49 million. Operating surplus of $2.4 million and Member Shares of $242 million. A loan book of $183 million.
Fisher Funds KiwiSaver Scheme
Credit Unions have always encouraged savings to help you to improve your quality of life.
Because of this they have been pleased that the New Zealand government is now doing the same and giving New Zealanders added benefits to help you save for the long term.
First Credit Union prides themselves on ensuring that their Credit Union members have access to simple and effective financial solutions, and KiwiSaver is no different..
You will need an Application Form and an Investment Statement to join Fisher Funds KiwiSaver Scheme
You can obtain these by:
Picking up an application form from your Credit Union.
Call into your Credit Union and ask about Fisher Funds KiwiSaver Scheme or visit their website to get all the information you require.