Video | Agriculture | Confidence | Economy | Energy | Employment | Finance | Media | Property | RBNZ | Science | SOEs | Tax | Technology | Telecoms | Tourism | Transport | Search

 


Credit Unions celebrate NZ Credit Union Week


New Zealand Credit Unions celebrate New Zealand Credit Union Week

AUCKLAND, THURSDAY 19 OCTOBER 2006 – Credit Unions from Whangarei to Invercargill are inviting the community to join them as they celebrate New Zealand Credit Union Week this week.

The Credit Unions will pay tribute to the 174,000 New Zealanders who are members of Credit Unions, the 400 staff and the more than 400 elected volunteer directors in the Credit Union Movement.

“New Zealand Credit Union Week allows us the opportunity to say thanks to our members for their support and also to share what we do with the communities we operate in,” says Doug McLaren, Chief Executive, New Zealand Association of Credit Unions.

New Zealand Credit Union Week has grown from Credit Union Day which has been celebrated in the United States since 1948. The week celebrates and promotes how more than 42,000 Credit Unions in 92 countries enable their 157 million members to achieve greater financial independence.

“This year’s theme, ‘Credit Unions: Making a World of Difference’, reflects the worldwide scope and influence of Credit Unions. The theme emphasises the common desire for financial freedom that unites people in the international Credit Union Movement. While Credit Unions are all over the world, they are all locally owned so profits are reinvested back into the community of the people who use them,” says Doug McLaren.

“Credit Unions genuinely care about the well-being of their members and this is reflected in the service they provide. No need is too big or too small, so visit our branches during New Zealand Credit Union Week and celebrate with us.”

Credit Unions are not-for-profit and they give the best possible value to members while supporting the communities they operate in. They are owned and democratically controlled by their members to provide savings, loans, and insurance products while promoting thrift, budgeting and the wise use of credit.

From the established Credit Unions in America and Europe to the newest ones in Afghanistan and Africa, Credit Unions give people democratic control over their financial services and affordable access to savings and loans. They have been there to rebuild, offer hope and provide community support when all other means have failed.


ENDS

© Scoop Media

 
 
 
 
 
Business Headlines | Sci-Tech Headlines

 

Half A Billion Accounts: Yahoo Confirms Huge Data Breach

The account information may have included names, email addresses, telephone numbers, dates of birth, hashed passwords (the vast majority with bcrypt) and, in some cases, encrypted or unencrypted security questions and answers. More>>

Rural Branches: Westpac To Close 19 Branches, ANZ Looks At 7

Westpac confirms it will close nineteen branches across the country; ANZ closes its Ngaruawahia branch and is consulting on plans to close six more branches; The bank workers union says many of its members are nervous about their futures and asking ... More>>

Interest Rates: RBNZ's Wheeler Keeps OCR At 2%

Reserve Bank governor Graeme Wheeler kept the official cash rate at 2 percent and said more easing will be needed to get inflation back within the target band. More>>

ALSO:

Half Full: Fonterra Raises Forecast Payout As Global Supply Shrinks

Fonterra Cooperative Group, the dairy processor which will announce annual earnings tomorrow, hiked its forecast payout to farmers by 50 cents per kilogram of milk solids as global supply continues to decline, helping prop up dairy prices. More>>

ALSO:

Results:

Meat Trade: Silver Fern Farms Gets Green Light For Shanghai Maling Deal

The government has given the green light for China's Shanghai Maling Aquarius to acquire half of Silver Fern Farms, New Zealand's biggest meat company, with ministers satisfied it will deliver "substantial and identifiable benefit". More>>

ALSO:

Get More From Scoop

 
 
 
 
 
 
 
 
 
Business
Search Scoop  
 
 
Powered by Vodafone
NZ independent news