Dreaming of A New Home?
Perhaps An Investment
There’s never been a better time to choose your
new home or to take the plunge into the
investment property market.
Right now, you’ll enjoy the lowest
loan interest rates in about 45
years and can choose from a
wide selection of affordably
THIS ISSUE: priced property across all
market sectors. For those
who are eligible, Federal
Government First Home
Time For A New Home? Owners’ Grants are also
bigger than ever. What are
From the CEO you waiting for?
We’re Tops in Money!
ECU Australia is offering
Personal Loan Specials competitive home loan interest
rates with a range of features to suit
How to Save ATM Fees
your needs – from redraw facilities to
Fast & Cheap Car Loans mortgage offset accounts, 24-hour-a-
day access via the internet and telephone,
Your Deposits Guaranteed no ongoing fees and the ability to make extra
Win an ipod Touch payments.
Loan types also vary:
• Fixed for 1, 2, 3 or 5 years
• Interest Only
CONTACT ECUA: • Line of Credit
We can lend up to 95% of the contract price (with approval from the mortgage insurers), and
General Enquiries can offer conditional approval within just 24 hours!
Ph: 1800 383 791 Call ECU Australia’s lending team today on 1800 every1.
Administration * Terms, conditions, fees, charges & normal lending criteria apply
Fax: 4046 8263
Loan / Member Services
Fax: 4046 8261
From We’re Tops In Money!
Products offered by your Credit Union have
Office again been named among the best in
the financial industry.
Hello and welcome
to my first column as
Our Silver MasterCard and
CEO of ECU Australia.
Silver Low Rate MasterCard
I look forward to many
jointly won the Cheapest
years of working with and for
Balance Transfer Credit Card
you, our Members. If you’ve got
section of the recent Money
any feedback for me – good or bad –
Best of the Best 2009 Awards.
please drop me a line via your nearest branch.
The win was for our Silver Card offer of
I’d be happy to hear from you!
a 4.9% pa. transfer interest rate until the debt is repaid, a standard
rate of 19.49% pa. and a $35 annual fee. The Silver Low Rate card
One of the most topical issues this quarter is
offers the same terms with an even lower standard interest rate of
higher charges to use that great convenience
just 11.85% pa.
- an ATM. Essentially, as at March 3, changes
introduced by the RBA mean you will be
In the same awards, ECU Australia’s Term Deposits were also a
charged if you use the ATM of another financial
Finalist in the category of Best Term Deposit – Long Term.
organisation. This isn’t our charge and we don’t
get the money – it’s a fee imposed by the owner
Last but not least, 5-star ratings have been awarded to our Gold Low
of the ATM. We just have to collect it.
Rate MasterCard, Silver Low Rate MasterCard and Gold MasterCard-
BlueSky. The sought-after Canstar Cannex ratings are based on
We’ve prepared for the change by creating our
review of more than 270 cards – and only the top 5% in each
“bigger and better” ATM network called rediATM.
consumer profile achieved the top rating.
I urge you to find out where your nearest
rediATM is and use it. If there isn’t one close by,
let us know and we’ll arrange a “nominated”
ATM where you won’t pay fees ( within your free
Feeling The Credit Crunch?
transaction limits ).
Transfer your Credit Card Balance to a Lower
The good news is that you can actually reduce Rate!
your bank fees through this new system but
you must use it properly. Check out our website Did you know you can transfer your high interest credit or
for more information or contact your nearest store card balances to a lower interest rate and save BIG
On a different note, our North Queensland Call our loans department today on 4046 8229 to find out
expansion plan is moving along well with how to beat the credit crunch.
the new Atherton branch due to open in
the Silo Central Shopping Centre early next *Fees, charges, terms, conditions & lending criteria apply.
month. Following so soon after the opening
of the Mission Beach branch last year, we’re
delighted with the progress we’re making on
our expansion plan.
The Directors and Management team recently
held our annual strategic planning session
and I can report that your Credit Union is in
outstanding shape and looking forward to a
fantastic future ( and a busy one! ). I’m glad to
be a part of it – and I’m glad you are too.
Until next time …
rediATMs Now Saving You Fees
Have you found your nearest rediATM?
By now, all Members should be aware of we will add one to the list. This list will continue to grow
the changes introduced by the RBA last constantly so keep watching it. Please be aware that when
month which mean you will be charged you use a nominated ATM, the machine will automatically tell
if you use the ATM of another financial you there is a charge but this will not be applied (assuming
institution. You should also know the transaction is within your free limit).
about ECU Australia’s vastly improved
and expanded rediATM network which You can also save fees by getting extra cash during an
replaced our old RediTellers and aim EFTPOS transaction.
to save you money in this new fee
policy. The full list of rediATMs can be found at www.rediATM.
com.au and our nominated ATMs can be found
However, Members in some regional at www.ecu.com.au. If you are in an area that’s
areas may have discovered there is no not so far listed, call your nearest branch or email
rediATM in their area. Don’t be alarmed: rediATM@ecu.com.au
just give us a call or drop us an email.
Above all, don’t worry if you don’t have a rediATM nearby. We
We also have a list of nominated ATMs that Members can will fix it for you!
use free (within your free transaction limits) so we can check
that list. If there is not already a nominated ATM in your area,
Fast … And Cheap!
What more could you want in a car loan
from ECU Australia? 9.50% pa *
What about these fantastic benefits: 9.58% pa
•9.50% interest pa.*
( 9.58% pa. comparison rate ) n rate
•No monthly account keeping fees
•No penalties for early payout.
Call your loan specialists today - ECU
Australia on 1800 every1.
* Rate effective from 12/2/2009,
rate subject to change. Based
on a $50,000.00 unsecured
car loan at 9.5% pa. over
7-years. A comparison rate
schedule is available at
any ECU Australia branch.
Warning: This Comparison
Rate is true only for the
example given and may
not include all fees and
charges. Different terms,
fees or other loan amounts
might result in a different
comparison rate. Electricity
Credit Union ABN 50 087
650 986. AFSL 240719.
Win a Fantastic
32GB iPod Touch
The ultimate travel
be yours in an
Global economic uncertainty Essentially your deposits will American Express
and high profile bank collapses be repaid in the extremely promotion that
in America may have left unlikely event that any starts next month.
some Members worried about Australian financial institution Simply make a
the security of their money faces stress. The guarantee foreign exchange
saved or invested with ECU only applies to amounts of up transaction at
Australia. to $1million but customers any ECU Australia
with more than $1million branch and you’ll
You can rest assured that your can also have their deposits automatically go
money is safe and secure – guaranteed, through payment in the draw to
and staying that way. of a fee. win a 32GB ipod
Touch. See more
On October 12 last year, the The result is that your savings details in your
Prime Minister announced a with ECU Australia are now local branch
system by which all deposits backed by the Credit Union’s in May.
Courtesy of Apple
held in Credit Unions, Building strong performance, Member
Societies and banks in Australia focus and more conservative
will be guaranteed for at least practises, and also by this
the next five years. Government Guarantee.
Are you Covered?
Will your property
weather the storm?
Are you adequately insured? Now is the time to check your house, contents & car insurance.
• ECU Australia offers high quality, competitive insurance through CGU Insurance.
• CGU claims staff are trained (and well practised after Cyclone Larry) to handle major weather events
with minimal fuss & in the shortest possible time.
• Monthly premiums at no extra cost.
Call Doug Ryan at ECU Australia today on 4046 8224 for a no–obligation, free quote.
Electricity Credit Union Limited ABN 50 087 650 986 (ECU Australia) acts pursuant to an agreement with CGU Insurance Limited ABN 27 004 478 371. (CGU). Home Insurance is issued by CGU. This
is general advice only and does not take into account your individual objectives, financial situation or needs (‘your personal circumstances’). Before using this advice to decide whether to purchase this
insurance policy, you should consider the appropriateness of it having regard to your personal circumstances. You should consider the PDS in deciding whether to buy or hold the product. You can get a
Product Disclosure Statement (PDS) for the product from any office of ECU Australia.