Credit Unions (Amendment) Bill

Closes 4 Dec 2026

Clause 9 - Charging for ancillary services

Clause 9 is descried as enabling a credit union to charge a fee for providing ancillary services to members and certain persons from whom it has accepted deposits.

Ancillary services include services connected with deposits, loans, conditional sale agreements and hire purchase agreements, including payment services, debit card services, money transmission services and related advice.

33. Do you agree that the power for credit unions to charge for ancillary services should be broadened as indicated in this Clause?
34. Is it sufficient and reasonable for a credit union to set the fee as it considers appropriate?
35. Do you have any other comments on Clause 9 or suggested amendments for this clause?
There is a limit of 2500 characters
There is a limit of 2500 characters