Membership Eligibility

To open a child’s account, you must already be a member of Police Credit Union.
You’ll be the account signatory and have authority to operate it.

Want to add someone else? They'll need to fill in an Authority to Operate.

Account details

Source of income

Other income

Terms and conditions

View our Terms and Conditions here.

Authority to operate a child’s account

• Only the signatory (not the child) will have authority to operate the account.
• The child may not revoke the signatory’s sole authority to operate the account without the signatory’s written consent.
• If the signatory consents to the child operating the account and the child is 13 years of age or more, the account will then be transferred to the child’s name only on production of a completed Membership Mandate and the required identification.
• Should the signatory pass away or become incapacitated, and if the child is under 18 years of age, the account may continue to be operated by replacing the signatory with a parent or legal guardian of the child as agent for the child.
• Where the child is 18 years or over, the account will be transferred to their name on production of a completed Membership Mandate and the required identification, and they will have sole operating authority on the account.
• If the child passes away, the funds in the account will form part of and be administered as part of the child’s estate.

What is Police and Families Credit Union’s Credit Risk?

Deposits have risks. A key risk is that Police and Families Credit Union Incorporated (trading as ‘Police Credit Union’) does not meet its commitment to repay you or to pay you any interest that is due (credit risk).

What is Police Credit Union’s credit rating?

A credit rating is an independent opinion of the capability and willingness of an entity to repay its debts (in other words, its creditworthiness). It is not a guarantee that the financial product being offered is a safe investment. A credit rating should be considered alongside all other relevant information when making an investment decision.

The Police Credit Union has been rated by Equifax Australasia Credit Ratings Pty Limited (Equifax). Equifax gives ratings from AAA through to D.

We have a long-term issuer rating of BB with a stable outlook, issued on 23 July 2025.

Read our full Credit Risk Statement at: Credit Risk Statement.

Further information about the credit risk of Police Credit Union is provided in our latest Product Disclosure Statement. This plus other information can be found on the Offer Register at https://disclose-register.companiesoffice.govt.nz/, from our website https://www.policecu.org.nz/about-us/investor-information/ and free of charge on request at the Police Credit Union Branch Office or by calling 0800 429 000.