News

Credit Union Auckland seeks credit rating to protect reputation

Tuesday 29th of September 2009

At its annual general meeting in Auckland this week, chairman Greg Carll said the cooperative will pursue a rating from one of the three approved agencies under the Reserve Bank's new regime, even though its deposits are below the $20 million threshold set by the regulator.

"To protect our position in the market, and secure the support of the investing public, our board is of the view th...

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