The Co-operative Bank (New Zealand)
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Botany town centre branch - Auckland
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| Cooperative | |
| Industry | Banking |
| Founded | 1928 |
| Headquarters | Wellington, New Zealand |
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Number of locations
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34 |
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Area served
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New Zealand |
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Key people
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Bruce McLachlan (CEO), Steven Fyfe (Chairman) |
| Services | Investments, Loans, Insurance, Bank Accounts |
| Owner | customers (135,000 in 2014) |
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Number of employees
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560 |
| Website | www |
The Co-operative Bank, a bank based in and registered in New Zealand, provides everyday banking, deposits, savings, loans, insurance and small-business banking throughout the country.
Originally set up in 1928 as the Public Service Investment Society and subsequently renamed PSIS, the Co-operative Bank became a registered bank in October 2011. As of 2014[update] the bank has around 135,000 customers throughout New Zealand.
As a co-operative the Bank is owned by its customers and its main purpose is to create prosperity for these customers. In July 2014[update] the Co-operative Bank paid $1.3 million of surplus profit back to the majority of its customers. In most cases, customers received a rebate of between $7 and $100.
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