Four credit unions vote through merger
Four of New Zealand's major credit unions have voted 'yes' to a nationwide merger — but one party has dropped out of the deal.
NZCU South, NZCU Central, Aotearoa Credit Union, and NZCU Baywide voted in favour of a deal last week. A total of 97% of credit union members present voted in favour of the deal, the parties said in a joint statement. The deal was struck to "create a competitive alternative to mainstream banking", the quartet said.
However, one credit union, NZCU Steelsands, comprising 3,600 members,...MORE»
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