New Zealand Credit
A credit union is a member-owned co-operative financial organisation set up to provide savings and loan facilities for its members. A credit union has the following characteristics:
- A common bond must exist among the members, for example, residing in a particular geographical location or being employed by a particular employer.
- Members invest their savings and receive a dividend.
- Credit unions are different from banks as the owners of the union are those members who have accounts in it.
Many credit unions help New Zealanders manage their money, by offering savings advice and money management tips. You may find that a credit union is a more favorable alternative to the traditonal banking option. Find out in this section if credit unions may suit your needs.



