New Zealand Firefighters Credit Union (NZFCU) April 2019 newsletter
You will notice that both the April 2019 Newsletter [PDF, 671 KB] and Special News – Products Update [PDF, 665 KB] cover off the New Zealand Firefighters Credit Union’s launch of an exclusive Home Loans partnership with TSB (New Zealand owned bank), which provides Firefighters, the emergency services community and their families with the option of getting discounted Home Loan interest rates.
Note: for Firefighters, the emergency services community and their families to qualify for the home loan interest rate discounts, they must be a member (or qualify to join as a member) of the New Zealand Firefighters Credit Union (phone: 0508 613 328), and the home loan application needs to be processed through the Credit Union.
As a background, over the years the New Zealand Firefighters Credit Union has been involved in providing a small number of Home Loans to members directly through the Credit Union. Now that the Credit Union has entered into an exclusive Home Loans arrangement with TSB, the Credit Union will be able offer discounted Home Loan interest rates, whilst providing us with the ability to offer considerably more Home Loans to members.
Why did the Credit Union choose to partner with TSB for home loans?
New Zealand Firefighters Credit Union prides has partnered with a like-minded organisation – TSB, whose ‘values are aligned with regards to being New Zealand, focusing on community, our people and our customers / members’.
Take out a new home loan with TSB of greater than $100,000 and members will:
- Receive 0.50% p.a. off the Floating interest rate
- Receive up to 0.10% p.a. off the Special fixed interest rates (some exceptions may apply)
- Receive a Cash Contribution up to $2,000 towards professional services (0.50% of new lending capped at $2,000)
- Have no application fee
For example, if a member had a $400,000 home loan on a floating interest rate, they could save up to $2,000 p.a. in interest payments.
To qualify for the home loan interest rate discounts, you must be a member of the New Zealand Firefighters Credit Union (phone: 0508 613 328), and the home loan application needs to be processed through the Credit Union.
To view the Terms and Conditions and Home Loans page, please visit their website at: https://firefighters.co.nz/home-loans(external link)