Public register of licensed NBDTs

Last updated:17 November 2021

Name of licensed NBDT	Date licensed	Name of credit rating agency	Rating and outlook
Christian Savings Limited (previously licensed as Christian Savings Incorporated)	01-09-2017	Fitch Ratings	BB, Stable
Credit Union Auckland	03-02-2015	n/a	Exempt*
FE Investments Limited (in receivership)	16-03-2015	n/a	Credit ratings have been withdrawn
Finance Direct Limited	13-02-2015	n/a	Exempt*
First Credit Union	05-03-2015	Fitch Ratings	BB, Negative
Fisher & Paykel Credit Union	08-12-2014	n/a	Exempt*
General Finance Limited	13-02-2015	Equifax	BB-, Positive
Gold Band Finance Limited	29-04-2015	n/a	Exempt*
Heretaunga Building Society	23-12-2014	n/a	Exempt*
Liberty Financial Limited	17-04-2015	Standard & Poor’s	BBB-, Stable
Mutual Credit Finance Limited	27-03-2015	n/a	Exempt*
Nelson Building Society	23-03-2015	Fitch Ratings	BB+, Stable
New Zealand Employees Credit Union	22-12-2014	n/a	Exempt*
New Zealand Firefighters Credit Union	17-04-2015	n/a	Exempt*
Police and Families Credit Union	12-11-2014	Equifax	BBB, Negative
Steelsands Credit Union	05-11-2014	n/a	Exempt*
Unity Credit Union	19-12-2014	Fitch Ratings	BB, Negative
Wairarapa Building Society	08-04-2015	Fitch Ratings	BB+, Negative
Westforce Credit Union	24-12-2014	n/a	Exempt*
Xceda Finance Limited	11-03-2015	Equifax	B, Stable

* Not required to have a rating by virtue of the Deposit Takers (Credit Ratings Minimum Threshold) Exemption Notice 2016

NBDTs news & updates

Dec 2021 NBDTs

We are consulting on the exposure draft of the Deposit Takers Bill. The Bill will introduce a new regulatory framework and a Depositor Compensation Scheme.

See the Exposure draft of the Deposit Takers Bill

Jan 2020 NBDTs

Non-bank Deposit Taker licence cancelled
At the request of UDC Finance Limited, The Reserve Bank has cancelled UDC’s Non-bank Deposit Takers licence on 15 January 2020, under section 21(h) of the Non-bank Deposit Takers Act 2013.

Nov 2019 NBDTs

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 Credit Unions.

Nov 2018 NBDTs

Non-bank Deposit Taker licence cancelled
The Reserve Bank gives notice that the Non-bank Deposit Takers licence granted to Caxton Employees Credit Union on 8 December 2014 was cancelled on 30 November 2018 pursuant to section 21(f) of the Non-bank Deposit Takers Act 2013 following its transfer of engagements to Credit Union Central, and its subsequent removal from the Register of Credit Unions.

Mar 2018 NBDTs

Non-bank Deposit Taker licence cancelled
Fisher & Paykel Finance Limited has requested that the Reserve Bank of New Zealand (RBNZ) cancel its licence to be a non-bank deposit taker (NBDT) granted under the Non-Bank Deposit Takers Act 2013. RBNZ is satisfied that Fisher & Paykel Finance Limited is no longer making NBDT regulated offers of debt securities and no longer has debt securities that remain unpaid that were offered under an NBDT regulated offer. Having satisfied itself of these matters, RBNZ gives notice that the NBDT licence granted to Fisher & Paykel Finance Limited on 19 December 2014 was cancelled on 16 March 2018 under section 21(h) of the Non-bank Deposit Takers Act 2013.

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