Public register of licensed NBDTs

Last updated: 3 July 2017

Name of licensed NBDT	Date licensed	Name of credit rating agency	Rating and outlook
Aotearoa Credit Union	16-03-2015	n/a	Exempt*
Asset Finance Limited	11-03-2015	Standard & Poor’s	B, Stable
Caxton Employees Credit Union	08-12-2014	n/a	Exempt*
Credit Union Auckland	03-02-2015	n/a	Exempt*
Credit Union Baywide	19-12-2014	Fitch Ratings	BB, Stable
Credit Union Central	05-02-2015	n/a	Exempt*
Credit Union South	13-02-2015	Standard & Poor’s	BB-, Stable
FE Investments Limited	16-03-2015	Standard & Poor’s	B, Stable
Finance Direct Limited	13-02-2015	n/a	Exempt*
First Credit Union	05-03-2015	Standard & Poor’s	BB-, Stable
Fisher & Paykel Credit Union	08-12-2014	n/a	Exempt*
Fisher & Paykel Finance Limited	19-12-2014	Standard & Poor’s	BB, Negative
General Finance Limited	13-02-2015	n/a	Exempt*
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, Negative
Mutual Credit Finance Limited	27-03-2015	n/a	Exempt*
Nelson Building Society	23-03-2015	Fitch Ratings	BB+, Stable
Christian Savings Incorporated (previously known as New Zealand Baptist Savings & Development Society Incorporated)	26-01-2015	Fitch Ratings	B+, Positive
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, Stable
Steelsands Credit Union	05-11-2014	n/a	Exempt*
UDC Finance Limited	02-03-2015	Standard & Poor’s	BBB, Watch Negative
Wairarapa Building Society	08-04-2015	Fitch Ratings	BB+, Stable
Westforce Credit Union	24-12-2014	n/a	Exempt*

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

NBDTs news & updates

Jul 2017 NBDTs

Non-bank Deposit Taker licence cancelled
Nelson Enterprise Loan Trust has notified the Reserve Bank of New Zealand that it is no longer an NBDT under the Non-bank Deposit Takers Act 2013. The Reserve Bank is satisfied that Nelson Enterprise Loan Trust 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, the Reserve Bank gives notice that the NBDT licence granted to Nelson Enterprise Loan Trust on 30 April 2015 was cancelled on 1 July 2017 pursuant to section 21(e) of the Non-bank Deposit Takers 2013.

Dec 2016 NBDTs

Non-bank Deposit Taker licence cancelled
Napier Building Society (Permanent) has requested that the Reserve Bank of New Zealand cancel its licence as a non-bank deposit taker granted under the Non-bank Deposit Takers Act 2013. The Reserve Bank is satisfied that Napier Building Society (Permanent) 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, the Reserve Bank gives notice that the NBDT licence granted to Napier Building Society (Permanent) on 23 December 2014 was cancelled on 16 December 2016 pursuant to section 21(h) of the Non-bank Deposit Takers Act 2013.

Dec 2016 NBDTs

Non-bank Deposit Taker licence cancelled
Alliance Group Credit Union has requested that the Reserve Bank of New Zealand cancel its licence as a non-bank deposit taker granted under the Non-bank Deposit Takers Act 2013. The Reserve Bank is satisfied that Alliance Group Credit Union 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, the Reserve Bank gives notice that the NBDT licence granted to Alliance Group Credit Union on 14 April 2015 was cancelled on 15 December 2016 pursuant to section 21(f) of the Non-bank Deposit Takers Act 2013.

Nov 2016 NBDTs

Non-bank Deposit Taker licence cancelled
Propertyfinance Securities Limited has requested that the Reserve Bank of New Zealand cancel its licence as a non-bank deposit taker granted under the Non-bank Deposit Takers Act 2013. The Reserve Bank is satisfied that Propertyfinance Securities 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, the Reserve Bank gives notice that the NBDT licence granted to Propertyfinance Securities Limited on 23 April 2015 was cancelled on 8 November 2016 pursuant to section 21 (h) of the Non-bank Deposit Takers Act 2013.

Sep 2016 NBDTs

Non-bank Deposit Taker licence cancelled
Medical Securities Limited has requested that the Reserve Bank of New Zealand cancel its licence as a non-bank deposit taker granted under the Non-bank Deposit Takers Act 2013. The Reserve Bank is satisfied that Medical Securities 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, the Reserve Bank gives notice that the NBDT licence granted to Medical Securities Limited on 8 December 2014 was cancelled on 30 September 2016 pursuant to section 21(h) of the Non-bank Deposit Takers Act 2013.

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