CAFCA moves to Kiwibank We announced, in Watchdog 100, that CAFCA has put a substantial sum on term deposit with Kiwibank. The reason is obvious – we support a publicly owned, New Zealand-owned bank, one which declares the poor to be its priority. We’re pleased to now announce that CAFCA has closed its account with the Australian-owned ANZ (which had been our bank since our inception, in the mid 1970s, when it was the Post Office Savings Bank) and transferred to Kiwibank. We look forward to a long and productive relationship with this bank, which is simply the re-start of a cycle that was ended by the "flog off everything overseas" mania of the 1980s and 90s. For purely pragmatic reasons, the CAFCA/ABC Organiser Account, which provides Murray Horton’s income, will stay with Westpac for the indefinite future. That account was originally with the locally owned TrustBank, and was amongst those gobbled up by Westpac. However, the account consists largely of regular automatic payments into it, and we have no wish to undergo the hassle of of trying to get several dozen people to change their payments to another bank. So we’ll leave it where it is. And, on the subject of bank accounts, the Campaign for Peoples Sovereignty was a Christchurch coalition in the early to mid 1990s (it used to regularly feature in Watchdog in those years). CPS is long gone, but it lived on as a bank account, with the princely sum of $50+ in it. The chequebook, which hadn’t been touched in years, was still a TrustBank one, pre-dating the 1996 takeover of that bank by Westpac. Finally this year, after one more annual bank statement recording no transactions, the decision was made to close it and donate the money to the Peace Action Network, which is the group organising the anti-war activities in Christchurch. It felt good to be able to take away some more business (however little) from Westpac, which, quite appropriately, has dropped the Trust from its title. Non-Members:
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