Incorporating a credit union
How to apply, the membership and rules
A credit union may apply if it has a membership of not less than 21 adults (persons over the age of 18) and rules that comply with section 100A and the objects are those set out in section 101 of the Friendly Societies and Credit Unions Act 1982 (the Act).
The Registrar must be satisfied that membership is restricted to persons who fulfil specific qualification (set out in section 102 of the Act) and that a common bond exists between the members.
What needs to be filed
An application to incorporate a credit union, along with a copy of its rules which include those matters set out in the Fourth Schedule of the Act, can be made to the Registrar.
Paying the registration fee
The fee for incorporating a credit union is $245.13 (plus GST).
Filing your documents
Any documents to be filed with us can be sent to:
Registrar of Friendly Societies and Credit Unions
Private Bag 92061
Victoria Street West