Mortgage News

Credit unions merge and drop fixed rates

Tuesday 23rd of October 2012

Spokeswoman Rhian Hodgetts said the loan rate move would bring NZCU more closely into alignment with First Credit Union. She said borrowers currently on fixed rates would not be affected. “For borrowers on a fixed rate, we will honour that contract.”

NZCU North’s new floating rate will be 6.45%. (To see ho...