AN OFFER OF DEBT SECURITIES IN FIRST CREDIT UNION
FIRST CREDIT UNION INCORPORATED
firstcreditunion.co.nz
There are some aspects of this fund which may require extra consideration before deciding to invest.
Issuer can withhold payment
In this case, the provider of this investment may not pay investors back straight away. This is important to know and acknowledge as you research investments.
Issuer's description of this product:
An offer of debt securities in the form of redeemable shares.
Minimum investment
$1.00
This is the minimum amount you would need to put into this in order to invest.
Closing date
Ongoing
This offer does not have a closing date and is a continuous issue. It's likely you'll be able to invest for the foreseeable future.
Maturity
Non-fixed
This investment does not have a fixed date of maturity, which can mean flexible or multiple terms are available.
Rate
Non-fixed
This investment offer does not have a single set rate. This may mean that the rate is variable or that there are multiple rates available.
The details
Key facts
Provider website
Issuer's industry
Financial/insurance
Credit ratings
Credit ratings can help you understand whether your investment in bonds will pay or if you'll get your money back. They indicate the long-term ability of the issuer to repay its debts. See also the Reserve Bank's primer on credit ratings and a map of the three scales used by the rating agencies.
Investment credit rating
BB Stable
(Fitch Ratings)
This is the credit rating for this particular bond or debt security.
Issuer credit rating
BB-/Outlook positive/short term rating B
(Fitch Ratings)
This is the credit rating for the organisation issuing the bond or debt security.
Maturity
Non-fixed
Maturity conditions description
Maturity depends on the type of account selected.
Rate
Non-fixed
Rate calculation description
Interest rate varies on the type of account selected.
Key documents
These are the most important documents that a provider is required to file about this investment.
Product disclosure statement
Before you invest in a product like a fund, you are given a PDS which has essential details about it and the company providing it. Here's more on how to read a PDS.
PDS First Credit Union Incorporated 1.7.2025.pdf
How this investment works, including about the provider, risks, costs and potential returns
PDF, 387.56 KB
Additional disclosure documents
These are more documents from the provider that can contain interesting information.
Rulesof First Credit Union Incorporated Adopted 11 March 2026.pdf
Rule
PDF, 264.92 KB
Schedule of Fees April 2018.pdf
Schedule of Fees
PDF, 55.96 KB
Key Productand Financial Information.pdf
Additional product disclosure statement from the provider
PDF, 352.26 KB
FCU Rankingof Securities 30 June 2025.pdf
Additional product disclosure statement from the provider
PDF, 54.30 KB
Additional details
Issuer details
Name
FIRST CREDIT UNION INCORPORATED
Type
Credit Union
Industry
Financial/insurance
Website
NZBN
9429043039098
FSP Number
Credit rating
BB-/Outlook positive/short term rating B (Fitch Ratings) on 13 Mar 2019
Supervisor
Name
COVENANT TRUSTEE SERVICES LIMITED
Offer details
Date registered
3 November 2016
Date opened
11 November 2016
Closing date
None
Offer credit rating
BB Stable (Fitch Ratings) on 2 March 2021
Continuous issue
Yes
Further payments may be required
No
Restrictions on transfer
Yes
Restrictions on acquisition
No
Convertible product
No
Intending to list
No
Schedule 1 exemption
No
FMA exemption
No
Reference numbers
Offer
OFR11123: AN OFFER OF DEBT SECURITIES IN FIRST CREDIT UNION