Statements and RWT Certificates

Account Statements

You can view your First Credit Union Statement at your convenience online through Internet Banking.

If you're not signed up for internet banking, please contact us.

RWT Certificates

Resident Withholding Tax (RWT) is a tax that all New Zealand tax residents pay. RWT is deducted from the interest that you as a member earn from accounts and investments held with First Credit Union. 

First Credit Union deducts this tax from your interest payments before we pay you any interest earned. RWT rates are dependent on your taxable income and vary from 10.5% to 39%. If you need to update your rate, please contact us.

First Credit Union can provide you with a RWT Certificate upon request, however, you can also find your RWT information by logging in to myIR on Inland Revenue’s Secure Online Services site.

If you would like to receive a copy of this year’s RWT Certificate, please contact us.

If you have not given First Credit Union your IRD number, IRD will require us to charge RWT at the ‘non-declaration’ rate of 45%

To update your IRD number and RWT rate with First Credit Union please contact us or visit your nearest branch.