5

.25%* P.A. 12 MONTH TERM

5

.45%* P.A. 24 MONTH TERM
Interest paid or compounded quarterly Learn more ►
*Terms and conditions apply. Mutual Credit Finance Limited’s current Product Disclosure statement is available on the Offer Register of business.govt.nz/disclose, on our Investment Options page or on request from MCF.

Take advantage of our latest term deposit rate that offers strong returns on your money.

Now is a great time to invest with a company that helps you make the most of your hard earned dollars. Call or email us today (03 943 6556 or [javascript protected email address]) to find out how you can take up this fantastic term deposit offer!

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.

Mutual Credit Finance Ltd has been rated by Equifax Australasia Credit Ratings Pty Ltd (“Equifax”). Equifax gives ratings from AAA through to C (excluding ratings attaching to entities in default).

On 13 December 2024, Mutual Credit Finance Ltd’s credit rating of ‘B+, stable outlook’ was confirmed by Equifax. A copy of our current credit rating report including the Credit Risk Statement is provided for your reference here, or on the business.govt website by searching for 'Mutual Credit Finance'.

Further information and detail on the credit rating and what it means may be found on the Reserve Bank of New Zealand's "Know your credit ratings factsheet".

Stability in an
ever-changing landscape.

We are proud of our reputation and heritage. Since 1956 we have been providing finance and investment solutions to individuals and businesses throughout New Zealand.

In an ever-changing environment, we have focused on thinking laterally, working personally and acting ethically to assist our valued customers.

We partner with customers to tailor options to their requirements, and we pride ourselves on responding nimbly and responsibly to their needs.

Whether it’s weathering the storms of life or enabling growth and adapting to market opportunities, MCF remains firmly committed to helping people make the most of their personal and business situations.

For personal service and innovative solutions from a company that has stood the test of time,
talk to us today.

Trusted finance & investment partner since 1956.

depositor compensation scheme

What is the Depositor Compensation Scheme (DCS)?

The DCS is a new government scheme administered by the Reserve Bank of New Zealand - Te Pūtea Matua (RBNZ). It comes into effect on 1 July 2025. The DCS establishes a depositor compensation fund which can provide compensation to persons who have placed "protected deposits" with a licenced deposit taker, where that deposit taker suffers certain financial or other difficulties.

If a deposit taker becomes insolvent, and if certain prerequisites are met (including that the RBNZ, in its discretion, has issued a "specified event notice" in relation to that insolvency), the DCS will cover each eligible depositor with a protected deposit for an amount up to $100,000 (per deposit taker). The amount of compensation protected deposit holders will receive depends on various factors (including, for example, whether the protected deposit is held individually or jointly).

The RBNZ has a helpful guide on its website including details about which depositors are eligible for cover, and how much cover investors may receive — visit rbnz.govt.nz.

Which MCF products will be covered by the DCS?

From 1 July 2025, all debt instruments offered by MCF will be "protected deposits" covered by the DCS for eligible depositors.

What do I need to do to be covered by the DCS?

There's nothing you need to do. With effect from 1 July 2025 any funds deposited by an eligible depositor with MCF will be automatically covered by the DCS (but any entitlement to compensation will only be triggered in the circumstances set out above).

Do I need to pay for DCS protection?

No, you are not required to pay any amount to MCF to be covered by the DCS. The cost of the DCS is funded by a levy paid to the RBNZ by deposit takers.

How can I find out more?

Visit rbnz.govt.nz for more information, or call our friendly team and we can answer any questions you might have.

HOW WE CAN HELP

At MCF we offer customers a range of borrowing and investment options. Our focus is on providing timely solutions that are tailored to your individual situation. We understand that your personal and business needs change over time and due to circumstances. But amidst all of those changing landscapes, we can provide a valuable perspective, and practical outcomes.

Responsible Lending
You are protected by responsible lending laws. Because of these protections, any recommendations given to you about Personal Lending is not regulated financial advice. This means that duties and requirements imposed on people who give financial advice do not apply to these recommendations. This includes a duty to comply with a code of conduct and a requirement to be licensed.

Choose a section below to learn more.

INVESTMENT
OPTIONS
PROPERTY
LENDING
BUSINESS
LENDING

Fair Conduct Programme

Mutual Credit Finance Ltd is a financial institution subject to the Financial Markets (Conduct of Institutions) Amendment Act 2022 and is required to have a Fair Conduct Programme.

A summary of this Programme is available here.

The summary aims to help consumers to:

  • Be aware of how Mutual Credit Finance Ltd will comply with the fair conduct principle, and
  • Make informed decisions when dealing with Mutual Credit Finance Ltd in relation to the products and services we provide; and
  • Understand how to raise a complaint about our products and services should Mutual Credit Finance Ltd fail to treat consumers fairly.

A PERSONAL APPROACH

MCF’s reputation reflects the quality and stability of the people behind the brand.

The combination of expertise, experience and integrity means you can have peace of mind knowing that your personal and business finances are handled with the utmost discretion, professionalism and care.

Our staff and Directors all have considerable finance and business experience and are highly regarded professionals. The combination of their market knowledge, commercial acumen and innovative thinking is a significant strength of the MCF business.

We are a small team who are dedicated to providing you with tailored borrowing and lending solutions.

MCF Group shot
David Tier - Chairman

David Tier

CA, CMInstD – Chairman

David is a Chartered Accountant and a Chartered Member of the New Zealand Institute of Directors. He has many years of Senior Executive and Chief Financial Officer experience.

In recent years he has provided business consultancy services and governance advice to a number of private companies in the Property, Construction, Finance and Information Technology sectors.

David is an independent Director of MCF and is a member of MCF's Audit Committee.

    • 021 358 158
    • [javascript protected email address]
John Wheelans - Director

John Wheelans

B.Com, CA(PP) - Director

John has retired from Ashton Wheelans, Chartered Accountants, after 33 years’ service to the business community.

John is now a professional director and private consultant to the property and construction industry. John is also an investor in a number of private companies associated with the construction industry.

He is a Director of MCF Holdings Limited, the majority shareholder in Mutual Credit Finance Limited.

    • 021 325 895
    • [javascript protected email address]
Peter Rae - Director

Peter Rae

FCA, AFNZIM – Director

Peter is a Fellow of the New Zealand Institute of Chartered Accountants and is Chairman and Managing Director of Peter Rae Industries Limited which holds 38.72% of the shares on issue in MCF.

He has extensive experience in Finance and Property Investment, is Chairman of the Collins Mitre 10 group and a director of several private companies. Peter is also Chairman of MCF's Audit Committee.

    • 027 432 4221
    • [javascript protected email address]
Bert Govan - Director

Bert Govan

MInstD – Director

Bert is a Director of and/or shareholder in a number of New Zealand and Australian companies primarily in the Property, Finance, Automotive and the Timber/Forestry industries.

Bert is an independent Director of MCF.

    • 027 439 3260
    • [javascript protected email address]
Clint Barry - CEO

Clint Barry

CEO

Clint joined MCF in 2009 having had over 25 years of experience in the Banking and Finance industry and was appointed CEO in 2010. He has previously worked in both credit and lending roles with a major trading bank and an international finance company.

He has wide experience in lending to the consumer and business markets, including funding for Working Capital, Plant and Machinery, Corporate Society Gaming and Property Finance.

    • 027 493 5618
    • [javascript protected email address]
Paul Clarke - Finance Manager

Paul Clarke

B.Com, LLB, CA - Finance Manager

Paul is a Chartered Accountant and joined MCF in 2006. He is responsible for all the company’s statutory and compliance reporting as well as looking after all investor matters for the company.

Prior to joining MCF, he had over 15 years of experience as a Financial Controller at a number of large New Zealand retail operations, as well as for a variety of businesses and corporates in London.

    • 027 447 0010
    • [javascript protected email address]
Kristen Smith - Senior Credit Controller

Kristen Smith

NZ Dip Bus (Leadership & Management) - Recoveries and Administration Manager

Kristen joined MCF in 2006 and has over 20 years experience in credit control, lending and administration. She is also the recent recipient of the NZCFI Credit Professional of the Year Award for 2017, recognising her achievements as a leading credit professional in the New Zealand market.

Kristen has a broad knowledge of the Credit Contracts and Consumer Finance Act 2003 (CCCFA), Credit Contracts and Consumer Finance Amendment Act 2014 and supporting legislation, and has built a good rapport with a large number of clients over her years with MCF.

    • 021 462 414
    • [javascript protected email address]
Gerald Ryan - Business Development Manager

Gerald Ryan

Business Development Manager

Gerald has over 30 years experience working in the banking and finance industry.

He has held senior lending and credit roles with Australasian and International banks, dealing with a wide range of customers, from SMEs to multi-national corporates. This substantial experience has given him exposure to a variety of industries and businesses.

    • 021 717 952
    • [javascript protected email address]
Kate Sutherland - Business Development Manager

Kate Sutherland

B Com VPM - Business Development Manager

Kate joined MCF in 2019 after over 20 years in various banking, property and finance roles.

With a background in valuation and property management, she has extensive experience across a broad range of sectors and industries. Having spent eight years with a property consultancy business, most recently she worked for two major trading banks.

Kate has proven commercial knowledge and understanding complemented by a passion and ability to build strong professional relationships.

    • 027 770 5446
    • [javascript protected email address]

GIVING BACK

MCF is proud to be the inaugural Foundation Partner of the Southern Cochlear Implant Programme (SCIP).

Since 2003, SCIP has helped children and adults reconnect to the world of sound through cochlear implants. Our partnership with SCIP reflects the value we place on this life-changing surgery that has such a phenomenal impact on individuals, their families and communities.

We are honoured to contribute to such a worthy cause.

If you have specific enquiries or simply wish to find out more about how MCF can assist you, please feel free to contact us today.

  • 0800TALK2MCF
    (0800 825 526)
    03 943 6556
  • [javascript protected email address]
  • Physical Address
  • Level 2
  • 137 Victoria Street
  • Christchurch
  • New Zealand
  • Postal Address
  • PO Box 130178
  • Christchurch 8141
  • New Zealand