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 continue to provide wholesale banking and other services not only to its Member credit unions, but also to Associate members and third parties.

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