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Over 1300 rediATMs where there is no Direct Charge


Over 1300 rediATMs where there is no Direct Charge

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									      BMCU Bulletin                                                                   Blue Mountains Credit Union April 2009
                                                                                                                                                  BSB 802 084
                                                                                                                                                  BSB 802 084

                             Over 1,300 rediATMs
                             where there is no Direct Charge
                             As previously advised to you, the new Direct Charging at ATMs became effective from 3 March 2009.

      This means that you will be directly charged a fee whenever you                          In fact, over the next few years the network will almost double in
      use any ATM except a rediATM. That’s because rediATM is the                              size. You’ll find the rediATM network as convenient as any of the
      Credit Union network.                                                                    big banks.
      With over 1,300 ATMs located all over the country, rediATMs are                          Finding a rediATM is so easy!
      conveniently located and will save you money. Here’s why:
                                                                                               You can find details of your nearest ATM from our website
      ATM owners are now permitted to charge a fee to users who                                under Your Direct Charge Free ATM network→ Daily Accounts →
      transact at their ATM but don’t bank with them. This direct                              Access → rediATM. Or you can point your browser to
      charge is disclosed upfront on the ATM screen and users will be                
      given the option of cancelling the transaction if they do not wish
                                                                                               Whichever way you find your closest rediATM, there will not be
      to proceed. If you choose to proceed, the owner of the ATM will
                                                                                               any Direct Charge for your transaction.
      directly charge you the fee. The fee will be added to your
      withdrawal amount.                                                                       Here’s how you can save even more:
      No Direct Charge if you use a rediATM                                                    When making purchases with EFTPOS, withdraw extra cash
                                                                                               when you can. Direct Charging does not apply, and EFTPOS only
      The 1,300 rediATMs (note that some of them may still be called
                                                                                               costs $0.60 per transaction, which forms part of your monthly
      Reditellers) around Australia are all Direct Charge free!
                                                                                               excess transaction charge rebate.
      As a BMCU member you can use any rediATM or Rediteller ATM
      and know that there will be no direct charge for the transaction.                        If you still need more information or help with Direct
      rediATMs are easier to find! They’re bright, bold and soon they’ll
      be in more places than ever before.
                                                                                               Charging, just contact us for assistance.

     Protect your Assets when you most need to
      Don’t let falling house prices fool you into being underinsured                         drop in home prices by up to another 10%1 over the next 12
      whilst building costs remain as high as ever.                                           months. Whilst recent survey data2 anticipates that over the next
                                                                                              six months the continuing nationwide skills shortage will result in
      With the price of houses and units continuing to fall, but building
                                                                                              a significant rise in labour costs, in addition to increases in
      costs increasing across the country – did you know that you could
                                                                                              materials.                                            cont. over page
      be underinsured? Industry predictions point to a further national

Information in this newsletter was correct at time of printing and subject to change. For all loans, terms and conditions, fees
and charges and approval conditions apply. Details such as current interest rates, comparison rates, fees and charges, etc
are available on our website or by contacting any branch. These articles do not take into
account your personal needs and financial circumstances and therefore you should consider whether the product is appropriate
for you. Sydney Credit Union Limited (ABN 93 087 650 726, AFS Licence Number 236476) recommends that you read the Member
Information Guide, available to you, prior to acquiring the products.

                                             Sydney Credit Union Ltd. 19 Second Ave Blacktown NSW 2148 ABN 93 087 650 726 AFSL 236476
                                          Please address all mail to PO Box 444 Blacktown NSW 2148
BMCU Bulletin April 2009

   Protect your Assets when you most need to... cont.
                                                                                                                                                                                                      Branch Locations
  Well, what does this all mean for you?                                                        Don’t be fooled into reducing your level of
  First off, don’t be fooled into reducing your                                                 insurance to save money. In reality it could
                                                                                                                                                                                               • Baulkham Hills
  overall level of insurance. Now more than                                                     leave you thousands of dollars out of pocket.                                                    Shop 36, Stockland Mall Olive Street
  ever, it is important to ensure that you have                                                                                                                                                 (Mon–Fri 9am – 4.30pm, Sat 9am – 11.30am)
  an appropriate level of home insurance                                                        As the people you rely on to manage and
                                                                                                safeguard your money, BMCU is happy to                                                         • Bondi Junction
  cover.                                                                                                                                                                                         35 Spring Street
                                                                                                assist you to select the right level of cover
                                                                                                                                                                                                 (Mon–Fri 9am – 4.30pm, Sat 9am – 11.30am)
  Your home is your most valuable asset, so if                                                  for your home and its contents.
  something were to happen to it you would                                                                                                                                                     • Campbelltown
  want to know that you were sufficiently                                                       Unless you’re an expert, it’s hard to estimate                                                   Shop U012, Macarthur Square Gilchrist Drive,
  covered. While home value is an important                                                     the cost of replacing your home and contents                                                     Ambervale
                                                                                                if they were destroyed. So, to help you, why                                                     (Mon–Fri 9am – 4.30pm, Sat 9am – 11.30am)
  indicator for the level of home insurance
  required, actual re-building costs are                                                        not try out our online calculator at                                                           • Fairfield
                                                                                       you                                                               111 Ware Street
  paramount.                                                                                                                                                                                     (Mon–Fri 9am – 4.30pm, Sat 9am – 11.30am)
                                                                                                may be surprised to learn just how much
  Did you know that as many as one in five                                                      replacing your home and contents could cost.                                                   • Greenacre
  homes in Australia may be under-insured                                                                                                                                                        138 Waterloo Road
  by as much as 30% for home building                                                           We use Allianz Australia Insurance Limited                                                       (Mon– Fri 9am – 4.30pm)
  insurance3? In addition, one in three                                                         (Allianz)5 as our trusted insurance provider.                                                  • Katoomba
  households are under-insured by more                                                          Allianz provides both Home Building and                                                          63 Pioneer Place
  than 30% for contents insurance4.                                                             Contents insurance cover to protect your                                                         (Mon to Fri 9am - 4.30pm)
                                                                                                assets when you need it most.                                                                  • Leichhardt
                                                                                                                                                                                                 7–15 Wetherill Street
             To discuss your home building and contents insurance needs, call us                                                                                                                 (Mon–Fri 9am – 3.30pm, Sat 9am – 11.30am)
             on 13 61 91 or visit our website at                                                                                                                • Marrickville
                                                                                                                                                                                                 296 Marrickville Road
  1. Australian Property Monitors, June 2008 Quarter Housing Data. 2. Master Builders Australia, National Survey of Building & Construction, June Quarter 2008. 3. Source: Insurance Council     (Mon–Fri 9am – 4.30pm, Sat 9am – 11.30am)
  of Australia, Report on Under-Insurance, published in October 2002. 4. Source: Insurance Council of Australia, Report on Under-Insurance, published in October 2002. 5. Voted best General
  Insurance Company in 2006 & 2007, Allianz is one of Australia’s largest general insurance companies.                                                                                         • Mascot
  Sydney Credit Union Ltd (SCU) ABN 93 087 650 726, AFSL 236 476 acts as an agent of Allianz and not as your agent. These insurances                                                             1197 Botany Road
  are issued by Allianz Australia Insurance Limited (Allianz) ABN 15 000 122 850 AFSL 234708 of 2 Market Street, Sydney NSW 2000. Any                                                            (Mon–Fri 9am – 4.30pm, Sat 9am – 11.30am)
  advice here does not take into consideration your objectives, financial situation or needs, which you should consider before acting on
                                                                                                                                                                                               • Parkes
  our recommendations. You should read and consider the Product Disclosure Statement before deciding whether to acquire any product
  mentioned here. Available on 13 61 91 and/or SCU receives commission on these products that is                                                                  189 Clarinda Street
  a percentage of the premium paid.                                                                                                                                                              (Mon–Fri 9am – 4.30pm)
                                                                                                                                                                                               • Parramatta

 Take a careful look at your Investments
                                                                                                                                                                                                 Horwood Place
                                                                                                                                                                                                 (between George & Phillip Streets)
                                                                                                                                                                                                 (Mon–Fri 9am – 4.30pm)
  Are you worried about the                                                                                                    invest, the more time you                                       • Penrith
  recent market volatility and                                                                                                  have to ride out the market                                      23 Riley Street
                                                                                                                                                                                                 (Mon–Fri 9am – 4.30pm, Sat 9am – 11.30am)
  effect on your investments?                                                                                                   movements.
                                                                                                                                                                                               • Punchbowl
  The recent fall in the                                                                                            Another important point                                                      234 The Boulevarde
  value of shares has been                                                                                          to remember is that                                                          (Mon–Fri 9am – 4.30pm)
  reflected in disappointing                                                                                        although the loss in value                                                 • Rockdale
  returns, not only for any                                                                                       is disappointing, you’ve                                                       Shop 5 Rockdale Plaza
  investments you hold,                                                                                       generally only lost money if you’ve                                                (Mon–Fri 9am – 4.30pm, Sat 9am – 11.30am)
  but also from your super fund.                                                                        had to sell your shares and realised a                                                 • Springwood
  However, it’s important not to panic and                                                         loss. If you have the capacity to hang onto                                                   268 Macquarie Road
                                                                                                                                                                                                 (Mon to Fri 9am to 4.30pm, Sat 9am - 11.30am)
  sell any shares you have in favour of more                                                       them, when the market does eventually
  conservative investments, such as cash, as                                                       rebound, generally so will the value of your                                                • St. George Hospital
                                                                                                                                                                                                 Cafeteria, Belgrave Street Kogarah
  you may miss out on growth opportunities                                                         shares. History has shown us that after                                                       (Mon–Fri 10am – 2pm)
  when the market rebounds.                                                                        most major downturns, the market does
                                                                                                                                                                                               • Sydney City
                                                                                                   recover and generally goes on to achieve                                                      210 Clarence Street
  At times like these it’s important to                                                            new highs.
  remember some of the basic rules of                                                                                                                                                            (Mon–Fri 9am – 4.30pm)
  investing. What you choose to invest in will                                                     Diversification is the key. By spreading                                                    • Windsor
  depend on your goals, your risk profile and                                                      your investments across a range of asset                                                      Shop 7-8, 251 George Street
                                                                                                                                                                                                 (Mon–Fri 9am – 4.30pm, Sat 9am – 11.30am)
  your time horizon.                                                                               classes, the risk of loss is minimised,
                                                                                                   because not all assets perform in line                                                      • ADMINISTRATION
  Your risk profile is determined by the level                                                     with each other. Poor performance within                                                      Blacktown
  of comfort you have with fluctuations in the                                                     one asset class can be offset by strong                                                       19 Second Avenue NSW 2148
  value of your investments. While higher                                                          performance in another asset class.                                                           Phone: 13 61 91
  risk investments, such as shares, have the                                                                                                                                                     Fax (02) 9678 2181 (Mon–Fri 9am – 5pm)
  potential for higher returns, the risk of loss                                                   So, why not make the most of your money
  is also greater.                                                                                 and call us on 13 61 91 or speak to our
                                                                                                   friendly staff at your local branch today.
  Your time horizon, or the length of time                                                         We will be more than happy to make
  over which you have to invest, will also be                                                      an appointment for you with a Bridges
  a determining factor in the investments                                                          financial planner. Also, the first meeting is                                            
  you choose. Shares are a longer term                                                             complimentary and obligation-free!
  investment – the more time you have to                                                                                                                                                                       Sydney Credit Union Ltd.
                                                                                                                                                                                                         19 Second Ave Blacktown NSW 2148.
                                                                                                                                                                                                           ABN 93 087 650 726 AFSL 236476
  Bridges Financial Services Pty Limited (Bridges). ASX Participant. AFSL No 240837. This is general advice only and does not
  take into account your objectives, financial situation and needs. Before acting on this advice, you should consult a financial
                                                                                                                                                                                               Please address all mail to PO Box 444 Blacktown NSW 2148
  planner. In referring members to Bridges, SCU does not accept responsibility for any acts, omissions or advice of Bridges and                                                             
  its authorised representatives.

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