New Zealand Credit Union South partners with Telcoinabox to save members money

Financial cooperative New Zealand Credit Union (NZCU) South has signed a major telecommunications partnership agreement with Telcoinabox.

This partnership, the first of its kind for a banking institution in New Zealand, will give all 25,000 South Island based members access to more affordable fixed, broadband and mobile phone plans.

“As a co-op we are about offering our members financial support and reducing their telecommunications’ bills is just one way we can help,” says NZCU South CEO Andrew Leys.

“In the wake of the Christchurch disaster we believe more New Zealanders will be seeking ways to consolidate their spending so they can put money towards relief efforts.

“To encourage members to take up the offer we are stopping all transaction fees on any of their accounts with us. If the take up is great, the same offer will be extended to all 180,000 members nationwide.”

Telephone packages will be released to South Island members this April.

Member to member mobile call rates will be as little as 15 cents/minute and 35 cents/minute to non-members.

Telcoinabox NZ CEO Shannon Fisher says that since they opened the doors to organisations to become their own telecommunications reseller late last year, more companies like NZCU are realising the immediate win-win benefits.

“We focus on the customer, that’s what we do best and Telcoinabox looks after the backend support and billing. It really couldn’t be easier,” says NZCU South CEO Andrew Leys.

“Our philosophy is about creating a community support network and to continue on this path we are currently exploring power packages for our members based on the same arrangement we have with Telcoinabox.”

To support the Christchurch relief efforts, New Zealand Credit Union nationally has set up the Credit Union Earthquake Appeal which distributes funds through grants to affected members. Loan payment freezes have also been placed on Christchurch based members.

ENDS.

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