Co-op Money NZ wins credit union litigation

Wins the right to continue offering wholesale banking

Co-op Money NZ, the industry association for credit unions and mutual building societies in New Zealand, has won its legal battle to continue providing wholesale business.

The organization has successfully appealed against the decision of the registrar of the friendly companies and credit unions.

To recap, earlier this year a former co-op member, Westforce Credit Union, expressed concern that the co-op was providing services to …

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