There are some aspects of this fund which may require extra consideration before deciding to invest.
Restrictions on transfer
There are rules around transfering in and out of this investment, which may depend on eligibility. For example, overseas investors may not be able to transfer into some New Zealand managed funds. Or there may be restrictions on withdrawals, such as not until age 65 for KiwiSaver funds.
Issuer can withhold payment
In this case, the provider of this investment may not pay investors back straight away. This is important to know and acknowledge as you research investments.
Issuer's description of this product:
An offer of Debt Securities, being redeemable shares in the Police and Families Credit Union
Minimum investment
This is the minimum amount you would need to put into this in order to invest.
Closing date
This offer does not have a closing date and is a continuous issue. It's likely you'll be able to invest for the forseeable future.
Maturity
This investment does not have a fixed date of maturity, which can mean flexible or multiple terms are available.
Rate
This investment offer does not have a single set rate. This may mean that the rate is variable or that there are multiple rates available.
Key facts
Provider website
Issuer's industry
Financial/insurance
Credit ratings
Credit ratings can help you understand whether your investment in bonds will pay or if you'll get your money back. They indicate the long-term ability of the issuer to repay its debts. See also the Reserve Bank's primer on credit ratings and a map of the three scales used by the rating agencies.
(Other)
This is the credit rating for this particular bond or debt security.
Issuer credit rating
(Other)
This is the credit rating for the organisation issuing the bond or debt security.
Maturity
Maturity conditions description
Maturity conditions will depend on the type of share account in which shares are placed
Rate
Rate calculation description
Interest will be determined based on the type of share account in which shares are placed
Key documents
These are the most important documents that a provider is required to file about this investment.
Product disclosure statement
Before you invest in a product like a fund, you are given a PDS which has essential details about it and the company providing it. Here's more on how to read a PDS.
Product_Disclosure_Statement_20_Dec_24.pdf
How this investment works, including about the provider, risks, costs and potential returns
Additional disclosure documents
These are more documents from the provider that can contain interesting information.
Rules for Police and Families Credit Union 2016.pdf
General Terms and Conditions Nov 2016.pdf
Individual Application June 2017.pdf
Joint Application June 2017.pdf
Child Application June 2017.pdf
Special Purpose Application June 2017.pdf
Summary of Trust Deed 12 Dec 2017.pdf
Interest Rates and Fees - as at 1 January 2019.pdf
Interest Rates and Fees - as at 11 March 2019.pdf
Interest Rates and Fees - as at 20 March 2019.pdf
Interest Rates and Fees - as at 8 April 2019.pdf
Rules 10 Oct 2018.pdf
Interest Rates and Fees - as at 15 May 2019.pdf
Interest Rates and Fees - as at 1 June 2019.pdf
Interest Rates and Fees - as at 6 June 2019.pdf
Interest Rates and Fees - as at 5 July 2019.pdf
Interest Rates and Fees - as at 9 July 2019.pdf
Interest Rates and Fees - as at 2 August 2019_.pdf
Interest Rates and Fees - as at 19 August 2019.pdf
Interest Rates and Fees - as at 16 September 2019.pdf
Interest Rates and Fees - as at 1 October 2019.pdf
Interest Rates and Fees - as at 25 November 2019.pdf
General Terms and Conditions Oct 2018.pdf
Mandate Nov 2019.pdf
Joint application Nov 2019.pdf
Mandate Child Nov 2019.pdf
Mandate_Special_Purpose Nov 2019.pdf
Rules for Police and Families Credit Union 1 January 2020.pdf
Summary of Trust Deed 1 January 2020.pdf
Interest Rates and Fees - as at 27 December 2019.pdf
Interest Rates and Fees - as at 25 March 2020.pdf
Interest Rates and Fees - as at 21 April 2020.pdf
Interest Rates and Fees - as at 1 May 2020.pdf
Interest Rates and Fees - as at 8 June 2020.pdf
Interest Rates and Fees - as at 1 July 2020.pdf
Interest Rates and Fees - as at 30 September 2020.pdf
Interest Rates and Fees - as at 19 November 2020.pdf
Interest Rates and Fees - as at 8 December 2020.pdf
Interest Rates and Fees - as at 1 March 2021.pdf
Interest Rates and Fees - as at 01 April 2021.pdf
Interest Rates and Fees - as at 30 August 2021.pdf
Interest Rates and Fees - as at 21 September 2021.pdf
Interest Rates and Fees - as at 23 September 2021.pdf
Interest Rates and Fees - as at 1 November 2021.pdf
Interest Rates and Fees - as at 22 November 2021.pdf
Interest Rates and Fees - as at 1 December 2021.pdf
Interest Rates and Fees - as at 17 January 2022.pdf
Interest Rates and Fees - as at 1 February 2022.pdf
Interest Rates and Fees - as at 28 February 2022.pdf
Interest Rates and Fees - as at 4 April 2022.pdf
Interest Rates and Fees - as at 17 May 22.pdf
Interest Rates and Fees - as at 1 June 2022.pdf
Interest Rates and Fees - as at 20 June 2022.pdf
Interest Rates and Fees - as at 23 June 2022.pdf
Interest Rates and Fees - as at 26 July 2022.pdf
Interest Rates and Fees - as at 17 November 2022.pdf
Interest Rates and Fees - as at 8 December 2022.pdf
Interest Rates and Fees - as at 15 December 2022.pdf
Interest Rates and Fees - as at 23 December 2022.pdf
Interest Rates and Fees - as at 1 January 23.pdf
Interest Rates and Fees - as at 1 May 2023.pdf
Interest Rates and Fees - as at 1 June 2023.pdf
Interest Rates and Fees - as at 26 June 23.pdf
Interest Rates and Fees - as at 27 June 23.pdf
Interest Rates and Fees - as at 1 July 23.pdf
Interest Rates and Fees - as at 17 July 23.pdf
Interest Rates and Fees - as at 31 July 23.pdf
Interest Rates and Fees - as at 8 August 23.pdf
Interest Rates and Fees - as at 28 Aug 23.pdf
Interest Rates and Fees - as at 2 Oct 23.pdf
Interest Rates and Fees - as at 30 Oct 23.pdf
Interest Rates and Fees - as at 24 Nov 23.pdf
Interest Rates and Fees - as at 22 January 2024.pdf
Interest Rates and Fees - as at 11 March 2024.pdf
Interest Rates and Fees - as at 18 March 2024.pdf
Interest Rates and Fees - as at 28 March 2024.pdf
Interest Rates and Fees - as at 1 April 2024.pdf
General_Terms_and_Conditions_26_May_23.pdf
Mandate Apr 2024.pdf
Interest Rates and Fees - as at 20 May 2024.pdf
Interest Rates and Fees - as at 24 June 2024.pdf
Credit Risk Statement 10 July 2024.pdf
Interest Rates and Fees - as at 22 July 2024.pdf
Interest Rates and Fees - as at 29 July 2024.pdf
Interest Rates and Fees - as at 5 August 2024.pdf
Interest Rates and Fees - as at 19 August 2024.pdf
Interest Rates and Fees - as at 26 August 2024.pdf
Interest Rates and Fees - as at 1 September 2024.pdf
Interest Rates and Fees - as at 23 September 2024.pdf
Interest Rates and Fees - as at 1 October 2024.pdf
Interest Rates and Fees - as at 7 Oct 2024.pdf
Interest Rates and Fees - as at 14 Oct 24.pdf
Interest Rates and Fees - as at 21 Oct 2024.pdf
Interest Rates and Fees - as at 4 Nov 2024.pdf
Interest Rates and Fees - as at 2 Dec 24.pdf
Interest Rates and Fees - as at 9 Dec 2024.pdf
Credit Risk Statement 20 December 2024.pdf
Police Credit Union Rules Sep 2024.pdf
Interest Rates and Fees - as at 20 Jan 2025.pdf
Interest Rates and Fees - as at 7 Feb 2025.pdf
Interest Rates and Fees - as at 17 Feb 2025.pdf
Interest Rates and Fees - as at 1 Mar 2025.pdf
Additional details
Issuer details
Name
POLICE AND FAMILIES CREDIT UNION INCORPORATED
Type
Credit Union
Industry
Financial/insurance
Website
NZBN
9429043039197
FSP Number
Credit rating
BB+/Negative (Other) on 12 June 2024
Supervisor
Name
COVENANT TRUSTEE SERVICES LIMITED
Offer details
Date registered
02 November 2016
Date opened
07 November 2016
Closing date
None
Offer credit rating
BB+/Negative (Other) on 12 June 2024
Continuous issue
Yes
Further payments may be required
No
Restrictions on transfer
Yes
Issuer can withhold, reduce, or delay payment
Yes
Convertible product
No
Intending to list
No
Schedule 1 exemption
No
FMA exemption
No
Reference numbers
Offer
OFR11096: OFFER OF DEBT SECURITIES IN THE POLICE AND FAMILIES CREDIT UNION
Next steps
Want to know more about this investment or how it compares to others? Have a look at its peers.
Product disclosure statement
Take a deeper dive into the PDS, which has essential details about this offer and the company providing it. Here's more on how to read a PDS.
Getting investment advice
Good advice is gold. Everyone can benefit from expert advice, provided the adviser has your interests at heart. Here's how to find one and key questions to ask.
Interested in investing in this offer? Visit the provider's website. policecu.org.nz