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Feel like the banks have you over a barrel? Credit unions can offer viable alternatives.

Many people are unsure about what credit unions offer. Andrew Leys, chief executive of Credit Union South, describes them as New Zealand’s "best-kept secret".

We take a look at what credit unions have to offer, and see how their rates and fees compare to those of banks.

Highlights of this report


What is a credit union?


How they differ from banks, and where they originated. Read more

Rates and fees


Rates for mortgages, savings accounts, term deposits and loans. Read more

Consumer protection


Regulations and restrictions apply to credit unions. Read more

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