Your 100% NZ owned financial co-operative

About us


Credit Union Baywide is not your typical NZ bank or finance company.

We are a 100% NZ owned financial co-operative, which means we are owned by the people – you and other fellow New Zealanders just like you.

We have a long history of helping Kiwi’s with their everyday banking needs. Originally established in 1971 as Whakatu Freezing Works Employee's Credit Union, Credit Union Baywide has grown to 14 branches throughout the central and lower North island. While we may have grown in size our values have remained the same 'helping members achieve their financial goals'.

Key events in history

1971 Whakatu Freezing Works Employees’ Credit Union was formed. Membership was restricted to employees of Hawke's Bay Farmers Meat Co.
1981 Expanded membership to associate companies of the Hawke's Bay Farmer’s Meat Co. and renamed HBMC Employees’ Credit Union (HBFMCECU).
1986 Name changed to Baywide Credit Union.

Following closure of Whakatu plant, membership is opened to employees of Hawke's Bay industries.

Pan Pac Employees’ Credit Union and Williams & Kettle Employees’ Credit Union transfer to Baywide.

1988 HB Consumer’s Co-op Credit Union and Awatoto Workers’ Credit Union transfer to Baywide.
1989 Membership now open to residents of Hawke's Bay province.
1990 Waipukurau service centre is opened.

Napier service centre opened.

Moved from Whakatu site to 500 Karamu Road North, Hastings.


Waiapu Anglican Credit Union transferred to Credit Union Baywide.

Napier branch established.

1996 Waipukurau branch was opened.

Hastings premises was extended.

Havelock North service centre was opened.

Wairoa District Credit Union and Hawke's Bay Power Employees’ Credit Union transferred to Credit Union Baywide. The Wairoa branch was established in shared premises.


Napier City Council Employees Credit Union transferred to Credit Union Baywide.

Relocated Napier branch to Thackeray Street.

Opened new branch in High Street, Dannevirke.

Relocated Wairoa branch to stand alone location on Wairoa’s Marine Parade.

2004 Waipukurau branch relocated from further up Ruataniwha Street.
2006 The Contact Centre was established in Hastings branch in March.

Relocated the Hastings premises from 500 Karamu Road North to 303 Karamu Road North on 5 November.

Opened a new branch in Gisborne in November.


A new branch opened in Masterton.

Credit Union Midcentral merged with Credit Union Baywide.

Harbour City Credit Union merged with Credit Union Baywide.

Hutt Valley Co-Operative Credit Union merged with Credit Union Baywide.

2010 NZCU Taranaki merged with Credit Union Baywide.
2011 Wine Country Credit Union merged with Credit Union Baywide.
2012 Manchester Unity Credit Union merged with Credit Union Baywide.
2014 Credit Union Bay Health merged with Credit Union Baywide.

Launched new banking system.

Closure of Hastings and Palmerston North hospital branches.


Head office and Hastings branch moved into new purpose built building on St Aubyn Street East.

The merger in 2019 brought ACU, NZCU Central, NZCU South and NZU Baywide together as Credit Union Baywide, a credit union with $509m of assets, serving 60,000 members across New Zealand. Now positioned as New Zealand’s largest credit union.

Acquired Co-op Money NZ. 


New Mobile banking app launched for members.

Why join?

Credit Union Baywide provides the same kind of products and services you'd find at a bank, including:

We are proud to be a credit union and not a registered bank:

  • We are not-for-profit, we serve you, our customer-owners, not outside investors.
  • Our Board of Directors are elected by you, our customer.
  • We educate customers to help you achieve your financial goals.
  • Our number one responsibility is to our customer-owners.
  • Our funds are sourced from the community we serve.
  • Our lending supports individuals and families who live or work in New Zealand.
  • We care about service and treat you with dignity and respect.

You have a say in how your credit union is run. As a customer, and an owner, you can vote at Annual General Meetings as well as stand for a position on the Board of Directors.


NZCU Baywide Annual Report

View our latest Annual Report