About Us

HISTORY

Credit Union Central was established in Kawerau in 1967 and was originally known as Kawerau Credit Union. The Credit Union was formed by a group of community minded Kawerau citizens who saw the need for a community based organisation that would offer benefits to members through co-operative arrangements in the form of savings and loans.

Since that time we have expanded in other areas such as Taneatua, Kopeopeo, Murupara and Rotorua. In Taneatua and Murupara in particular, we filled the gap left when the traditional banks pulled out of those areas. This is true community spirit.

PURPOSE

 The purpose of a Credit Union is to provide a vehicle for people to combine their resources for the benefit of all. At the same time members, as the owners benefit from profits generated by the activities of the Credit Union by way of high interest on savings, flexible easy access loans at competitive rates and minimal fees.

The co-operative nature of the Credit Union allows ordinary members of the public to become owners of their very own financial institution, have a say on how it operates and who runs it, and can share in the profits. A total �Win Win� situation

OWNERSHIP

Credit Union Central is owned by it�s members. Our members have total say in how we operate. They elect the Board of Directors and Trustees, set the various account and product fees and set the rules.

This means that the Credit Union must act in the interest of its members at all times and ensure that all of its operations work toward that end. It provides personal financial direction for its members by focusing on their personal banking needs, and this is our number one priority.

All Directors and Trustees live and work in our community and are active members of the Credit Union.

All profits accrue to the benefit of the members and not to some faceless overseas owners.

BENEFITS 

The benefits of being a member of Credit Union Central are many and various. While you share in the benefits of profits generated, Credit Union Central provides a total banking solution to the local community. Not only do we provide all the products and services that the banks provide, (except for credit cards) we do it cheaper and better.

Here is a summary of what we can do for you:

Savings accounts

On Call High Interest accounts

Student accounts

Cheque accounts

Term Investment accounts

ATM/EFTPOS cards that can be used at all ATM�s and EFTPOS outlets in New Zealand, but overseas as well

Foreign Currency � all requirements

Personal Loans

Home Mortgages up to $750,000

Line of Credit

Overdraft Facilities

Automatic Payments

Direct Debits

Text Balancing

Internet Banking

Car Warranties

Digital Photo and Signature Identification

Insurances: Home & Contents

                    Life Cover

                    Funeral Plan

                    Loan Protection  

                    Motor

We can do it all, but we do it with your interest in mind and we do it better.