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Co-op Money New Zealand Wins Appeal Against Registrar’s Decision

AUCKLAND, 20 November 2017: Co-op Money NZ, the industry organisation representing co-operatively owned credit unions and mutual building societies in New Zealand today announced that it has won its appeal against the decision of the Registrar of Friendly Societies and Credit Unions.

The successful appeal in the High Court means that Co-op Money NZ can […]

November 20th, 2017|

NZ Credit Union Baywide reports healthy growth in year to June 2017

There were plenty of satisfied smiles at NZ Credit Union Baywide’s annual meeting last week in Havelock North with reported ongoing progress with its core-banking system upgrade which has seen a 6 per cent growth in assets to $312 million and a healthy financial position with reserves of $39.9m.
Chief executive Gavin Earle said the […]

November 9th, 2017|

Co-op Money NZ moves credit union members to new core banking system, Flexcube

Another member of Co-op Money NZ, the industry body for New Zealand’s credit unions and mutual building societies, is due to go live with a new core banking platform, Oracle FSS’s Flexcube. This is NZCU Baywide.

Earlier this year, the first go-live of the group took place at Aotearoa Credit Union (ACU).

Gavin Earle, CEO of […]

November 7th, 2017|

Nine NZ credit unions shift to Oracle Flexcube for core banking

NZCU Baywide is the second of nine New Zealand credit unions to shift to Oracle’s core banking offering, Flexcube

This week at the credit unions annual meeting in Havelock North, CEO Gavin Earle said the year to June 2017 has been one of investing in core infrastructure technology while balancing this commitment with growth, profitability […]

November 1st, 2017|

Credit Unions celebrate International Credit Union Day® 2017

AUCKLAND, 19 OCTOBER 2017: Co-op Money NZ, the industry voice representing co-operatively owned credit unions and mutual building societies in New Zealand, is celebrating this year’s International Credit Union (ICU) Day® on 19 October 2017.

“Since 1948, ICU Day has been celebrated annually on the third Thursday of October. Each year this international event provides […]

October 19th, 2017|

ACU launch new banking platform

Co-op Money NZ and ACU, a Māori based credit union started by the MUMA (Manukau Urban Māori Authority) 28 years ago, are proud to announce today that ACU is the first Māori financial institution to launch a tier one banking platform for its 15,000 members. ACU branches are located in South Auckland and other […]

August 24th, 2017|

Aotearoa Credit Union goes live on Oracle FSS Flexcube core banking system

Aotearoa Credit Union (ACU), a Māori financial institution in New Zealand, has implemented Oracle FSS’s Flexcube core banking system.
ACU, started by the MUMA (Manukau Urban Māori Authority) 28 years ago, is the first Māori financial institution to launch a “tier one” banking platform for its 15,000 members. ACU branches are located in South Auckland and other […]

August 24th, 2017|

ACU first of nine credit unions to deploy Oracle Flexcube banking platform

ACU has launched a tier one banking platform for its 15,000 members, based on the Oracle Flexcube core banking platform, becoming the first of nine credit unions that will use the new system

ACU chief executive Anthony Wilson described the Oracle banking platform as “one of the most sophisticated and complex banking systems in the […]

August 24th, 2017|

Diana Clement: Don’t be taken for an expensive ride

Owning a car signals adulthood and taking out your first car loan is a rite of passage for many young people – although a cynic might tack on the words “lifelong debt”.
Up to 70 per cent of all vehicles sold in New Zealand are bought with some kind of financing attached, according to the […]

June 20th, 2017|

A $1 bln co-operative financial sector, flying under the radar and growing strongly, offers some high returns for savers

Recent offers from a number of credit unions has shifted the spotlight to a section of the savings market that most savers overlook.

Rates in the mid to high fours (even above) are on offer from four of them.

These institutions are not large by bank standards, but they do occupy a unique place in the financial […]

May 5th, 2017|