The Co-operative Bank (New Zealand)

The Co-operative Bank

Botany town centre branch - Auckland in 2014
Formerly	Public Service Investment Society (PSIS)
Company type	Cooperative
Industry	Banking
Founded	1928 (1928)
Headquarters	Wellington , New Zealand
Number of locations	26
Area served	New Zealand
Key people	Mark Wilkshire (CEO), Sarah Haydon (Chair)
Services	Investments, Loans, Insurance, Bank Accounts
Total assets	NZ$3.3305 billion (2022)
Owner	Customers (161,000 in 2017)
Number of employees	360
Rating	BBB (Fitch, June 2023)[1]
Website	www.co-operativebank.co.nz

The Co-operative Bank is a New Zealand based and registered bank. It provides everyday banking, deposits, savings, loans, insurance and small-business banking throughout the country.

Originally set up in 1928 as the Public Service Investment Society and subsequently renamed PSIS, the Co-operative Bank became a registered bank in October 2011.^[2] As of 2017^[update] the bank has around 161,000 customers throughout New Zealand.

As a co-operative the Bank is owned by its customers and its main purpose is to benefit the customers. In July 2019^[update] The Cooperative Bank paid $2.1 million of surplus profit back to its customers. Since 2013 it has paid back over $12 million to its members.