Are Trump accounts insured by the FDIC?
Yes, Trustpower and Mercury are now part of the same organization. In 2022, Mercury NZ Limited completed the acquisition of Trustpower’s retail business. This move consolidated the retail customer bases of both entities under the Mercury brand. While Trustpower historically operated as a separate utility provider in New Zealand, the retail side of its business was integrated into Mercury’s operations. Consequently, Mercury now manages the accounts, billing, and customer service for the former Trustpower retail client base, marking a significant consolidation in the New Zealand energy and telecommunications retail market.
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