The Co operative Bank (New Zealand)

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.

Contents

• History
• Organisational memberships
• References

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 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 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.