Just how safe is your money?

Central Leader - - News -

Fi­nan­cial mat­ters have been in the news more this year than any other this decade. One news­pa­per re­cently asked the ques­tion “How safe is my bank?”

This ques­tion fol­lowed the re­cent de­bate on whether or not Kiwi Bank would be sold. Their cus­tomers felt frus­trated and con­fused be­cause they were ab­so­lutely pow­er­less to in­flu­ence any­thing - as mere cus­tomers, they had no say.

On the other hand, ap­prox­i­mately 180,000 Credit Union cus­tomers through­out New Zealand are very happy. They know their ‘ bank’ can never be sold to an over­seas com­pany, New Zealand busi­ness­man or the Gov­ern­ment. As cus­tomers, they are also share­hold­ers and con­trol the Credit Union. They make all the pol­icy de­ci­sions and elect the board of direc­tors.

So if you are looking for a real lo­cally-owned bank­ing op­tion, look no fur­ther than NZCU Auck­land. Their point of dif­fer­ence, as a not-for­profit bank, is a phi­los­o­phy of ‘ peo­ple help­ing peo­ple’.

Their fees, charges and in­ter­est rates are much lower than other op­tions, yet their in­vest­ment rates can be among the best. They have all the bank­ing, sav­ings and loans ser­vices you would ex­pect from a se­ri­ous player in the mar­ket.

Over­all, Credit Unions con­trol over $770 mil­lion in as­sets in New Zealand and US$1.18 tril­lion world­wide!

NZCU Auck­land doesn’t lend to com­pa­nies or get in­volved with prop­erty de­vel­op­ment or other risky busi­nesses. They spread their lend­ing across thou­sands of peo­ple like you, try­ing to give every­one a fair deal.

In ad­di­tion to a gen­er­ous busi­ness phi­los­o­phy, NZCU Auck­land also puts part of its sur­pluses back into the lo­cal com­mu­nity. Whether it’s a sports club, hospi­tal, ser­vice club or other good causes, money is given di­rectly to lo­cal groups.

Next time you read that a fi­nan­cial in­sti­tu­tion fails, or see the huge in­ter­est rate on your credit or store card state­ment, call any of their four branches and do some­thing for your­self and your com­mu­nity. For fur­ther in­for­ma­tion, check out the web­site: www.nzcuauck­land.co.nz or phone 6209236.

Fi­nan­cial se­cu­rity: Great lo­ca­tion, friendly staff and fairer prices.

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