NZCU Steelsands is 100% NZ Owned financial co-operative.
Steelsands Credit Union (trading as NZCU Steelsands) is an industrial based Credit Union first registered in 1978 under the Friendly Societies Act 1982. Its Head Office is based at NZ Steel Limited at Glenbrook. Steelsands operates 4 branches, all of which are situated at secure industrial sites. NZCU Marsden merged on 1st July 2009, based at Refining NZ at Marsden Point. NZCU NZME merged on 1 January 2010, which operates from the Glenbrook office. NZCU Alliance merged 1st October 2016 and is based at the Alliance Group Lorneville Meat Processing Plant, near Invercargill.
Our ultimate responsibly is to our members. Our funds are sourced from the communities we serve.
|1978||Steelsands Credit Union was formed in June 1789. Membership was restricted to employees of NZ Steel Ltd.|
|1990||Gladys O'Connor appointed General Manager of Steelsands until 2002|
|2002||Rhonda Clare appointed General Manager of Steelsands until 2014|
|2003||Celebrated 25 years with shares of 7.7 million|
|2004||ATM installed onsite at NZ Steel Ltd with move to new office|
|2005||June - Celebrated significant milestone - $10 million in Assets|
|2005||June - Celebrated significant milestones - $1 million in Income|
|2007||Changed name from Steelsands Credit Union to NZCU Steelsands when became part of the NZCU Group|
|2008||April - Agency for NZCU Steelsands in Waiuku established at Deed Office Products Depot|
|Our Common Bond opened to any employee or former employee of any company or organisation in New Zealand|
|2009||1 July - Marsden Point Credit Union merged trading as NZCU Marsden|
|2010||1 January - Wilson & Horton Credit Union merged trading as NZCU Wilson & Horton|
|2014||Philip Stark appointed General Manager of Steelsands|
|2014||Became the first Non-Bank Deposit Taker to be licensed by the Reserve Bank of New Zealand|
|2015||NZCU Wilson & Horton change of name to NZCU NZME|
1 October - Alliance Group Credit Union merged trading as NZCU Alliance
August - Steelsands Credit Union celebrate 40 years of service to their Members
September - NZCU Steelsands and its Branches migrated to a new banking platform - Oracle Flexcube
Why become part of us?
NZCU Steelsands and branches 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:
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 Steelsands Annual Report
View our latest Annual Report