Credit Union South will close its branches in Greymouth, Timaru, Oamaru and Gore by the end of the month, quit its money coaching service and lose some customer service roles. Photo: ODTEighteen jobs will be lost across the lower South Island as Credit Union South confirms restructuring, with customer branch-use dwindling and increased on-line patronage. The credit union employed 95 staff, before the restructuring. ATMs would continue to operate in Greymouth, Hornby, Timaru, Oamaru and Gore. Trading as NZCU South, the co-operative is entirely New Zealand-owned and is the third largest credit union in the country, with 22,000 members.

Source: Otago Daily Times March 07, 2017 23:39 UTC