Credit Unions 

Burke Melrose provides specialised legal advice to credit unions and acts for a significant proportion of the credit unions in New Zealand.
We advise and assist credit unions with securities law, banking and financial services. Our services include:

• The preparation of prospectuses, investment statements and advertisements
• Loans to members, the taking of securities for loans and recovery of bad debts
• Compliance with the Friendly Societies and Credit Unions Act 1982
• Director and officer responsibilities
• Compliance with the credit union’s trust deed and rules and assistance when dealing with the credit union’s prudential supervisor
• Commercial and banking related products, such as securitised mortgage products, transactional banking arrangements and debit card, EFTPOS and ATM facilities
• General business matters, such as leasing premises and dealing with members’ attorneys and estates
• Regulatory and compliance programmes for a range of applicable legislation, including the Securities Act 1978, Financial Reporting Act 1993, Privacy Act 1993, Financial Transactions Reporting Act 1996, Personal Property Securities Act 1999 and Credit Contracts and Consumer Finance Act 2003
• Assisting with preparation of notices and resolutions for transfers of engagements
• Crown guarantees