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WYONG COUNCIL CREDIT UNION LTD
ACN 087 650 897
AFS LICENCE 241716
CREDO NEWS SEPTEMBER 2007
NOTICE OF ANNUAL GENERAL MEETING
The 43rd Annual General Meeting of Wyong Council Credit Union Ltd will be held on
Friday, 2nd November 2007 at 6.30pm at Wyong RSL Club, Anzac Avenue, Wyong.
1. Welcome to members and guests
2. Apologies
3. Confirmation of the Minutes of the 42nd Annual General Meeting held on the
3rd November 2006
4. Business arising from the Minutes
5. To receive and consider the Directors' Report, the Financial Reports and the Auditors
Report for the year ended 30th June 2007
6. Appointment of Directors—to elect five (5) Directors
7. Determine the remuneration of the Directors
8. Consider any other business of which due notice was given
9. Close
By the order of the Board of Directors
Therese Silver, Company Secretary
24th September 2007
Important Notice: Nominations for Directors closed at 4.30pm, Friday 28th September 2007.
By 4.30pm on Friday 28th September 2007 there were six nominations received for five vacant
positions.
Nomination forms have been received from Sue Ball, Bill Douglas, Christine Ferry, Belinda McRobie
Andrew Pearce and Bronwyn Rumbel.
The General Meeting will vote, by secret ballot, to elect the five Directors. If you cannot attend the
meeting you may appoint a proxy to vote on your behalf. That person must attend the meeting.
A proxy form is enclosed with the Newsletter for those eligible to vote. Completed proxy forms must be
returned to the Credo by 4.30pm on the 31st October 2007.
The Annual Report will be posted to all members who have requested a copy and will be available at
the Credit Union office from the 10th October 2007.
Phone: 02 4350 5255 Fax: 02 4351 2594 Email: staff@wccu.com.au Web Site: wccu.com.au
Take advantage of your Credo’s Home Loans today!
Why not refinance your Home Loan
with your Credo?
or
Use the equity in your property to do those
renovations or go on a holiday.
Did you know that your Credo has
competitive Home Loans with many benefits?
Plus You always receive
outstanding personal service.
You are important and your Credo is here to
look after your financial well being.
Do you want:
No application fees
No monthly fees
Free death cover for primary member (subject to eligibility)
Loan term over 30 years
Direct payroll deductions
Weekly, fortnightly or monthly repayments
Line of credit or Interest Only Loans
Free internet & telephone banking
No penalty for lump sum payments
Free redraw on advance payments
Call on 43505224 to arrange a personal interview with Sheryl, your friendly loans officer
Remember your Credo has been looking after its members since 1965 and to continue to do
so relies on the continued support of its members.
Do you have your loans elsewhere but use your Credo for all the free services?
You can contribute more to the continued success of your Credo by using the Credo for
all your financial services including loans.
Thinking of loans, think of your Credo.
Changes to Terms and Conditions on Accounts effective 1st December 2007
Overdrawn Savings Accounts Interest Rate
Sometimes savings accounts become overdrawn and as your Credo does not have an overdraft facility
there has never been interest charged to these accounts.
Effective the 1st December 2007 interest will be charged on savings accounts on the daily overdrawn
balance and debited to the account the end of each quarter. The interest rate charged will be the same as
the unsecured personal lending rate.
The current rate for unsecured personal lending is 13.00% per annum.
Reduction of Interest Rate Payable on S1— On Call Savings
The S1 On Call Savings Account is the main transactional account for members with benefits including
free access to direct debits, direct credits, Bpay, 5 free ATM, 15 free EFTPOS withdrawals per month and
no monthly account keeping fees.
Effective the 1st of December 2007 there will be no interest paid on this account.
If you wish to earn interest on any excess funds in the S1 you should transfer those funds to one of
the other accounts that are available. For example there is an S5 Investment Savings Account that
currently pays 3.75% p.a. For terms and conditions please refer to the Product Disclosure Statement.
New Fee for Statement Reprints
Effective the 1st December 2007 requests for a reprint of a statement that has already been formally
issued will be charged a fee of 50 cents per page with a minimum charge of $2.00.
This fee will be payable at the time of the request.
Credo Web Site is here Christmas Club Accounts
Your Credo web site is now on-line at: Christmas Club accounts will be open for
withdrawals from the
1st November 2007.
www.wccu.com.au
Please have a look and give us your Unless notified otherwise, Christmas Club
feedback. balances will be transferred to S1 accounts on
the 3rd December 2007.
Check out the Financial Literacy section,
located under the Services tab. Please notify your Credo staff if you
do not want your funds transferred.
There are sections for the
littlies, kids, teens and young adults. NB: the Christmas Club account is a great way
to save money for Christmas and the current rate
Also, by the time you receive this Newsletter paid on Christmas Club accounts is 3.50% p.a.
there could be a couple of calculators — one
will be a loan repayment calculator and the For Terms and Conditions please refer to
other a budget calculator. the Product Disclosure Statement.
Annual General Meeting
Dinner/Dance Tickets
Friday 2nd November 2007 6.30pm
At Wyong RSL Club Anzac Avenue, Wyong
Ticket price of $20 includes:
Three course meal and free drinks limited to house wine,
standard tap beer and soft drinks
Entertainment
NB: Bar will not be opened until after the formalities of the Annual General Meeting
To help for catering purposes please purchase your tickets from the Credo by 29th October 2007.
Why not get a group of workmates together and book a table for the event?
From Your General Manager
This will be my last “Credo News” to all the wonderful members of Wyong Council Credit
Union Ltd.
After careful consideration I have advised the Board of Directors that I am not renewing my
contract but instead intend to retire in November 2007 to spend time with my family.
Over the past 12 years I have been proud to be the General Manager and assist your Board in
achieving great success for all the members of the Credo.
With the support of your fantastic staff and Directors we have achieved many milestones with
the most recent being the successful conversion to the new banking software.
I leave the Credo knowing I have made a difference but also confident that it is the right time
for a new manager to guide and lead the team forward.
I wish to thank all the past and present Directors and staff as well as all the members for the
trust, support and confidence given to me from the moment I started with the Credo in 1995.
The recruitment process is currently underway and I know you will give the new General
Manager the same support and trust I have been given.
