Rating based on 21 reviews

First Credit Union

  • Credit union loans up to $50,000
  • Low-interest starting from 2.95%
  • Repayment up to 7 years

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Author First Credit Union. Screenshot of First Credit Union website.
[Accessed July 3, 2019]

First Credit Union - High quality financial products

First Credit Union has been involved in the financial sector for more than 60 years and since then we have assisted many local citizens when they need a helping hand by offering great personal loans and financial products and services as well as offering world-class personal banking.

We are a proudly owned New Zealand company that is run and operated by Kiwis. Our aim is to help citizens by providing them with a loan when they need it most.

Our experienced consultants are highly knowledgeable and skilled at finding you the quick loan you need and can afford.

Our company philosophy

We care about you and want you to make better financial decisions in the future we want to help you achieve your financial goals and help you live in a debt-free future.

We assist by providing financial advice on how to draw up a budget and how to become debt-free.

Our history makes us who we are

First Credit Union is one of New Zealand's first affiliated credit unions and has been in business for over 60 years, this experience in the financial field means we are dedicated to helping members improve their financial future.

Giving back to provide a sustainable future

Our team has implemented a strict sustainability policy and we do everything that we can to ensure that our members follow our policy and see our vision.

This includes recycling all of our office waste and saving electricity. Our board of directors is made up of members and governs our credit union to make sure that we act responsibly.

First Credit Union Services

Our instant cash loans have very competitive interest rates that are specially designed for our members, your membership fee means that you won’t be charged any extra fees. Our personal loans are designed on your terms, so you can customize the repayment schedule and decide how long you need to repay the loan.

Become a member by applying online and once your membership has Kiwis, you will have access to our loan benefit. Once you are a member all you need to do is complete, the online loan application form and you will be given an outcome. The entire application process will only take about 15 minutes.

Loans for all purposes

Our long and short-term loans can be used without any restrictions. Specialized loan products include home loans, vehicle financing and helping you consolidate your debt. Applying for membership online is very simple to apply chose the type of account that you are consultants are for.

The options include:

  • A standard account
  • A joint account
  • A jimmy jumper account
  • A tertiary account
  • Teen account

Everyday accounts for everyday people

Our credit union offers an everyday day banking account that allows you access to a BillPay account that helps you easily manage the payments on your account and keep the money that you need to pay your accounts in a separate account so that there is no risk to you spending that money and not making payments on your bills.

First Credit Union – Credit union loan

  • Loan Type Credit union loans
  • Interest Rate 2.9518% p/a
  • Loan Amount up to $50,000
  • Repayment 3 months to 7 years

Benefits of First Credit Union

  • Interest rates are low
  • No setup fees
  • No fees for early payment

Credit union loan calculator

The interest rate of a loan will vary based on your credit score and risk profile.
This loan calculator is for illustration purposes only.
The use of this quick loans calculator is subject to our terms of use.

First Credit Union - Personalised banking and services

Our Jimmy Jumper account is specifically designed for members' children up to the age of 12 and children over the age of 12 can join in our teen account membership.

Our everyday banking account was designed for small purchases and day to day spending on things like fuel, food and daily groceries. Our expense account helps you keep track of your purchases and manage your budget easily. This money is kept separately for your everyday spending money so that you don’t spend it by mistake.

Personalised banking

We offer personal banking that is designed to assist you in managing your finances more effectively and making the money you have go further and earn you more. We offer all traditional banking services these include savings accounts, term investments and insurance policies.

Any profit made from the members after paying for expenses benefits our members as Kiwis. Our members save money by paying a lower interest rate and benefit from lower fees.

Your membership fee covers it all

Your membership fees give you access to a range of benefits including paying no extra fees when you apply for a loan. The loans are offered at the lowest interest rates with zero added fees and easy repayment terms. A New Zealand credit union is a not for profit organisation that promotes saving. To become a member, you must be a resident of New Zealand and be over the age of 18.

How the process works

Once your application has been approved, you will need to deposit money into your account, once you have made the deposit you will become a shareholder and you will be entitled to vote in the credit union.

Your vote allows you to one vote no matter how much money you have deposited. All members can apply to sit on the board of directors consultants and each member’s vote counts at the AGM meetings, so members are encouraged to attend.

Once you become a member and deposit your money into the credit union you will become a shareholder.

Customer Reviews & Testimonials

I was so happy to find that First Credit Union gives you a loan that is best suited to your monthly budget.

Brady T
— Christchurch —

The reason First Credit Union is my preferred credit provider is that they offer affordable interest rates.

Ellie M
— Queenstown —

What a convenient loan application system First Credit Union uses.

Ryan J
— Rotorua —

First Credit Union Contact

Physical Address

Opening Hours

  • Monday 10:00 – 16:30
  • Tuesday 09:00 – 16:30
  • Wednesday 09:00 – 16:30
  • Thursday 09:00 – 16:30
  • Friday 09:00 – 16:30
  • Saturday – Closed
  • Sunday – Closed