First Credit Union

The First Credit Union Difference

Our personal banking products are designed to make your personal finances easier to manage. We offer personal loans, savings accounts, term investments, insurances and everyday banking accounts.

Any money we make goes back to our members through better interest rates on loans and low fees!

Who we are

We’ve been helping everyday kiwis with their finances for over 60 years!

We are proudly 100% owned by the people who bank with us.

Our members come first. Not profits, not overseas shareholders, but our members and the communities we serve.

Our History

In July 1955 we began our journey as St Mary's Credit Union and became New Zealand’s first affiliated credit union. Our success was thanks to the dedicated volunteers who worked together to promote the credit union philosophy “people helping people” which we still up hold to this day.

In August 1955, St Mary's had 70 members and paid out it's first loan of 100 pounds.

Over the years we have had a few name changes, but remain committed to providing our members low fee accounts, great rates on savings accounts and no fee personal loans.


We think its important to give back to the communities we serve.

We love getting out in communities through volunteering, school banking and sponsorship.

Board of Directors

FCU’s Board is elected by and are accountable to our members. The Board is responsible for the overall governance and strategic direction of FCU.

Our Board comprises of seven directors with a diverse range of backgrounds and skills.

Our Directors are (from left to right):
Rob Pascoe, Peter Iles, John Harvey, Judith Taane (Chair), Phil Todd, Malcolm Blair (Deputy Chair) and Simon Scott (General Manager).

Leadership Team

The Leadership team is committed to our members and growing First Credit Union in a healthy, sustainable way. Each member of the Leadership team brings the necessary skills and experience required to ensure the smooth running of First Credit Union.

The team works alongside the General Manager and our Board of Directors to achieve the strategic goals of First Credit Union.

General Manager: Simon Scott

Chief Financial Officer: Stephen Hawkins

Lending Manager: Richard O'Regan

Insurance Manager: Michael Cathro

Member Experience Manager: Ana Braunias

Treasury & Banking Manager: Herb Wulf

Collection Solutions Manager: Michelle Arundel

Marketing & Communications Manager: Melissa Hay

Risk & Compliance Manager: Asenaca Kaloumaira

Special Projects Manager: Caitlin Kerr-Bell

Chief Information Officer: Jarrod Dowd