Photo: ODTA restructuring of the New Zealand Credit Union (NZCU) is imminent, but what it will look like and how many jobs could be lost at the NZCU South head office in Dunedin, is still to be determined. The members of four New Zealand Credit Unions voted last month to merge as one, unifying NZCU South, NZCU Central, Aotearoa Credit Union and NZCU Baywide. It will be the largest Credit Union in New Zealand with about $560million in assets, serving about 64,000 New Zealand member owners and employing 280 people. However, questions have been raised about what will happen to the 90 employees at the NZCU South headquarters in Dunedin, when the merger goes through. NZCU merger interim chief executive Gavin Earle, of Hastings, said little would change about the way the business would run initially.

Source: Otago Daily Times April 04, 2019 15:33 UTC