July 2009 Good news for first home buyers pg2 New Merrylands branch pg2 Looking for a New car? pg3 Mutual Banking Code of Practice pg3 Find your nearest rediATM pg4 Annual General Meeting pg4
Your NEW Credit Union website Our new website is coming soon. It has a fresh new look and is packed full of useful product and service information. It contains helpful advice and easy-to-use online tools such as calculators to help you manage your money and online forms to help you apply for products or make enquiries from the comfort of your own home. What to expect: •• C omprehensive and easy to navigate product information. •• Up-to-date news bulletins - on credit union news, financial tips and important information. •• Easy-to-use online applications – with a save function so you can return to them later on. •• Budget, loan and superannuation calculators – to help you plan and budget for your present and future. •• Community section - with community news, information on the local businesses and community groups we support and more. Keep an eye out for our new website. Take a look around and let us know what you think using the online survey. If there is anything else you need, please let us know.
Good news for first home buyers On 12 May the Australian Government announced an extension to the First Home Owner Boost (FHOB). The boost is a supplement to the existing First Home Owners Grant giving first home buyers up to $24,000 to help them get into their first home. The boost which was previously to end 30 June 2009 will now be available until 31 December 2009. The FHOB scheme will continue at current rates until 30 September 2009 and will then be reduced by half up until 31 December 2009. For contracts entered into on or before 30 September 2009 first home buyers are eligible for additional amounts of $7,000 for existing homes and $14,000 for new homes. After this, first home buyers who sign before 31 December 2009 will be eligible for boost amounts of $3,500 for existing homes and $7,000 for new homes. The FHOB is paid in a lump sum, together with the First Home Owners Grant. In addition to this, up until 30 June 2010, NSW residents will also be eligible for an extra $3,000 when buying a new home. For more information on our home loans and handy tips on buying your first home, visit memberfirst.com.au or speak to us on 02 8868 6204 .
How it works Contracts signed 14 October 2008 - 30 September 2009
Contracts signed 1 October 2009 - 31 December 2009
Existing Home
New Home
Existing Home
New Home
First Home Buyers Grant $7,000
First Home Buyers Grant $7,000
First Home Buyers Grant $7,000
First Home Buyers Grant $7,000
Additional $7,000
Additional $14,000
Additional $3,500
Additional $7,000
New Home Buyers Supplement $3,000 (NSW residents)
New Home Buyers Supplement $3,000 (NSW residents)
TOTAL LUMP SUM PAYMENT:
TOTAL LUMP SUM PAYMENT:
TOTAL LUMP SUM PAYMENT:
TOTAL LUMP SUM PAYMENT:
$14,000
$24,000
$10,500
$17,000
Your Credit Union News New Merrylands branch open for business On 1 April 2009 we opened our brand new office and branch in Merrylands Rd, Merrylands. The opening of the new branch marked some exciting and new initiatives at the Credit Union. In particular, our Community Banking and Small Business Packages. At MemberFirst we put our members and the community first – it’s the credit union ethos.
Our new Community Banking Package allows members to support the community whilst getting good value banking services. For example, if a member takes out a home loan, we’ll give $150 to the local community group they nominate – it’s that easy! Come and see us today and experience the MemberFirst difference!
Looking for a New car? Now is a better time than ever to buy a car. With our special interest rates and the end of financial year car sales now on, you can really get a bargain - on your car and your car loan. Your Credit Union new car loan offers: 5.99%pa interest rate 6.13%pa*, comparison rate No account keeping fees Extra repayments without penalty Convenient, low-cost CTP green slip insurance And much more. * Comparison rate calculated on a loan amount of $30,000 over a term of 5 yrs.
Handy Tips Things to consider when choosing a new car •• Can you afford to run and maintain it? •• Is insurance for this model affordable? •• Will it hold its value? •• Will it suit your needs now and in the future?
•• Lastly and most importantly, are you letting your heart rule your head? Remember, outside of your home, your car will probably be the biggest investment you make, so it is important to make the right choice for you. For more information on buying a car visit our website, memberfirst.com.au
10 key promises to you The new Mutual Banking Code of Practice is our guarantee to always lend responsibly and to serve your needs first. Here are our 10 key promises to you: 1. We will be fair and ethical in our dealings with you
7. We will recognise member rights as owners
2. We will focus on our members
8. We will comply with our legal and industry obligations
3. We will give you clear information about our products and services 4. We will be responsible lenders 5. We will deliver high customer service and standards 6. We will deal fairly with any complaints
9. We will recognise our impact on the wider community 10. We will support and promote this Code of Practice
Nearest rediATM location straight to your mobile! When you’re out and about and need some cash, how can you find out the location of your closest rediATM? Easy - it’s now just a couple of clicks away on your mobile phone. All you have to do is send a text message with either your postcode, or your suburb and state to 199 55 286. Within a few seconds you’ll receive a return text message with the location of the rediATMs closest to you. You’ll pay the standard SMS charge of 55c – much better than having to use another ATM network, which could cost you $2 or more.
Notice of Annual General Meeting The 46th Annual General Meeting of MemberFirst Credit Union Limited will be held on Wednesday, 25 November 2009 at 6.00PM at The Holroyd Centre, Miller Street, Merrylands AGENDA 1. To receive the Credit Union’s Financial Report, the Directors’ Report, and the Auditor’s Report for the year ended 30 June 2009. 2. Election of Directors. 3. To determine the aggregate Directors’ remuneration for the financial year ending 30 June 2010. By order of the board. Mariya Gojan Secretary Proxies You can appoint a proxy to attend and vote at the meeting on your behalf. Your proxy does not have to be a member of the Credit Union. To be valid, your Appointment of Proxy form must reach the Credit Union no later than 48 hours before the start of the Annual General Meeting. Proxy forms are available from the Secretary of the Credit Union.
Annual Reports Available Online Recent changes to the Corporations Act mean that we can now make our annual reports available online instead of sending them out to you. This not only saves us printing and postage costs, it also helps our environment. We will let you know each year when and where the annual reports are available online. The Credit Union's annual reports for the year ended 30 June 2009 will be available from 1st November 2009 to download from our website, memberfirst.com.au However, you can still elect to receive a copy of the annual reports free of charge by contacting us. You can choose to receive the annual reports in hard copy or as an electronic copy sent to your email address.
Members are invited to drinks and cocktail food at the completion of the meeting.
Contact Us Telephone
02 9897 1622
Fax 02 9897 1432 or 9897 0619 Email
Web
[email protected] memberfirst.com.au
Head Office 220 Merrylands Rd, Merrylands, NSW 2160
Any advice in this magazine is of a general nature only and has been prepared without considering your objectives, financial situation or needs. To decide if a product is right for you, please carefully read the Product Disclosure Statement for that product available from our branch or from memberfirst.com.au.
MemberFirst Credit Union Limited ABN 61 087 650 593 AFSL.No 244561
