Non-bank Deposit Taker licence cancelled
The Reserve Bank gives notice that the Non-bank Deposit Takers licences granted to Aotearoa
Credit Union, Credit Union South and Credit Union Central were cancelled on 25 November
2019 pursuant to section 21(f) of the Non-bank Deposit Takers Act 2013, following their transfer
of engagement to Credit Union Baywide, and their subsequent removal from the Register of
Nov 2019 Banks
The Reserve Bank can advise that the final decisions pertaining to its Capital Review will be published on Thursday 5 December at 12 noon.