News SAVER BONUS BEST. you first. always. COMING SOON. February In this edition: CEO s Message Consolidate Your Debts BEST OF THE

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1 my News you first. always. February 2013 COMING SOON BONUS SAVER BEST OF THE BEST In this edition: CEO s Message Consolidate Your Debts Reliance Credit Union and Gosford City Credit Union are divisions of Maritime, Mining & Power Credit Union Ltd.

2 CEO s MESSAGE Well I hope everyone enjoyed what has been a very warm summer with record temperatures, tragic bushfires, many stories of bravery and great examples of communities helping communities. This cooperative spirit is deeply ingrained into the Australian culture and is why mutual financial institutions have been so successful. Groups of people with common interests coming together for the benefit of all, may sound a little old fashioned but there is nothing wrong with old fashioned when it works in assisting people through the challenges of life will no doubt produce many challenges for our members and I can assure you that we will be doing everything we can to assist those who are impacted by what are uncertain economic times. To ensure we are well placed to respond to members needs we will be making available a suitably trained financial advisor who will provide assistance on the day to day challenges faced in balancing budgets and managing your financial affairs. We will of course strive to improve and enhance our services and with your support we are confident that your credit union will continue to provide a banking service that excels in placing the interests of members first. I can also announce that we will be launching a number of new products in 2013 including a Mobile Banking App that allows payments to be made between mobile devices, a bonus savings accounts that includes incentives for members to save for a special purpose, and a new transaction account which will be designed to provide members with choice on how they manage their day to day banking activities. We will also be moving our head office operations from Sussex Street to Clarence Street in March as we have outgrown our existing premises. Our branch in Sussex Street will remain so it will be business as usual for our members. On behalf of my team I wish you a successful and rewarding 2013 and we look forward to serving you and your family. Mark Genovese CEO Secure Your Devices Most of us lock our doors, shut down our computers, and lock up easily stolen items such as bicycles. But we think nothing of travelling around with unprotected mobile devices. We may understand the threats to our computers, but fail to take basic measures to stop the same threats and an increasing number of others to our smartphones, tablets, laptops, and other mobile devices. Fortunately, it s easy to improve mobile security while maintaining the performance and mobile freedom you already enjoy. By following a few simple tips, you can dramatically reduce the chances of computer viruses, spyware, data loss, and device theft. For Android OS only - Security software - many brands available off-the-shelf, combination packages (PC, smartphone, and tablet). None will ever be 100% bulletproof but better than the alternative DID YOU KNOW? DID YOU KNOW? DID YOU KNOW? Emma Watson $37,438 More Than 50% In she was the most dangerous celebrity to search for, with a nearly one-in-eight chance of landing on a risky site. The average value of photos, personal info and other digital assets consumers store on their devices. The percentage of smartphone users who do not use any password to prevent unauthorised access. Disable Bluetooth only activate when you need to use it. Increases security and saves battery Only use secure WiFi some mobile banking apps will not allow use with unsecured network. Switch off if not needed Ensure browser security settings are enabled just as you would with home PC Enable auto-lock and use passwords only effective against opportunistic thief but a deterrent nonetheless Enable erase data for iphone and ipads. Automatically wipes data after 10 failed access attempts NEWS 2

3 BONUS SAVER New BONUS SAVER Account Coming Soon! In March we will be launching our exciting new Bonus Saver account. Our high interest Bonus Saver account will encourage you to save by rewarding you with bonus interest when you meet certain conditions. Whether you are looking to buy your first home or car, go on a holiday or simply set up a sound savings base, our Bonus Saver account is the place to start. So start thinking of all those dreams and goals that you can start saving for. Our Home Loans offer you more! Regardless of whether you are buying your first home, looking to upgrade or refinance we have a home loan that is right for you. First Rate Home Loan 3 Fantastic low variable rate 3 NO application fee 3 FREE and unlimited redraw 3 13 FREE monthly transactions 3 Make extra repayments without penalty All in One Home Loan Offers all of the First Rate Home Loan plus: 3 100% interest offset facility 3 FREE death cover up to $120,000 3 NO annual fee on Visa Credit Card 3 Total of 20 FREE monthly transactions 3 Discounts on general insurance 3 Bonus rate on Term Deposits We also offer fixed rate, first home buyer and home equity loans. So talk to one our loan specialists today or call us on , visit a branch or our website. Hunter Region Lee Sutherland Wollongong Luke Miller Central Coast Mandy Howe Sydney Mark Nestor Central West NSW Mark Haley North/Central QLD Diane Tralaggan NEWS 3

4 Consolidating Your Debts One of the most important aspects of balancing your household budget is that of debt consolidation. If you have more than one type of debt with high interest rates such as a car, personal loan, credit card balance or department store purchases then consolidating debts will potentially be able to save you money in interest repayments, as well as the stress of not having these debts constantly hanging over your head. How can I consolidate my debts? Home Equity - You can refinance and transfer all of your other debts to your mortgage account and extend its term, if there is enough equity in your property. If you re ahead with your mortgage payments, you may be able to redraw against the mortgage to pay out loans with a higher interest rate. Debt Consolidation Loans There are also personal loans specifically for the purpose of consolidating your debts. The most important thing to remember if you are taking out a debt consolidation loan, like our Consolidator Loan is to continue to pay as much as possible each month off the balance of the loan. Credit Card Balance Transfer You can also roll your expensive Credit Card debts onto a low interest credit card such as the credit unions Visa Credit Card, making large savings with a low introductory rate of 7.99% for 6 months. Things you should consider: 3 Interest rates. 3 If the loan has fixed or variable interest. 3 All fees and charges for the life of the loan. 3 Monthly payments over the life of the loan. 3 Applicable exit fees (if moving from another institution). 3 Any security required under the loan agreements. The benefits of consolidating your debts For people that consolidate their debts benefits can include one easy payment, lower monthly repayments, lower interest rates and a balanced household budget. Here at your credit union we like to think of our members as more than just a number, we will give you unbiased financial advice and work with you to get the best result. If you are interested in consolidating your debts give us a call today. reliance.com.au mmpcu.com.au gccu.com.au Change your PIN on the fy Whether you want to change your PIN for security reasons or to reduce the number of PINs you have to remember, it s now a whole lot easier. Because now you can do it whenever you re at a rediatm that displays the change PIN option. NEWS 4

5 FAMILY MEMBERSHIP Grandchildren Nephew At your credit union, blood is thicker than water. When it comes to membership we like to keep it in the family, Grandmother Mother Children Spouse / Domestic Partner Father Grandfather What you might not know is that when you become a member, your immediate family automatically become eligible to join. Better yet, once a family member joins, the same eligibility tree extends from them. Sister Brother YOU Niece Once you join the credit union you have the option of being a member for life, even if you change employers or retire your membership remains open until you choose to close it. Join a family member today so they can enjoy all the benefits that you currently do. Fantastic Value Products GOLD WINNER for best non-bank term deposits long term by Money magazine! Term deposits have a lot going for them they re safe, secure and deliver certain returns. And in an environment of falling interest rates, a longer term deposit can be especially appealing, offering shelter from possible declines in market interest rates. Our long-term deposits offer a rate that s consistently higher than the competition in both the bank and non-bank sectors. At the credit union we are continually striving to provide our members fantastic products with great rates. Our term deposit features: 3 Minimum deposit of $1,000 3 Choose the term that suits you best from 30 days up to 3 years 3 Interest is fixed for the term of the deposit 3 Interest is calculated daily and paid on maturity Make the most of our great term deposit rates by calling us or visiting a branch today! NEWS 5

6 Tipmate is a FREE online footy tipping competition open to everyone! SUPER th February NRL - 7 th March AFL - 22 th March Registration is now open at mmpcu.com.au - reliance.com.au - gccu.com.au OUR PARTNERS WHO ARE ALSO COMMITTED TO PUTTING YOU FIRST. ALWAYS. The industry super fund created by maritime workers for maritime workers Offering more benefits for our members than ever before... Low fees, profit-for-members philosophy Comprehensive super and retirement solutions Flexible investment options, including a fixed-term investment option Professional, personalised financial planning advice Maritime Super ABN (the Fund) Life s easier with Maritime Super Pty Limited ABN (the Trustee) s easier with AUSCOAL Super 70,000 of your mates can t be wrong! At AUSCOAL Super, we re about keeping things easy. Our friendly If making the most of your future, and your super, is on your mind, visit or call 1300 AUSCOAL ( ) Celebrating 70 years as the industry fund for Australia s mining community Things you should know: If you have a choice about whether to acquire, or continue to hold, this product you should first consider our Product Disclosure Statement available at or by contacting us. Issued by AUSCOAL Superannuation Pty Ltd ABN , AFSL , Trustee for the AUSCOAL Superannuation Fund ABN We re easy to deal with and good value for money Our members find us easy to deal with. When you call, you ll be answered by a real person, not a machine. We have a range of good value for money health covers to suit your lifestyle. Our Hospital and Extras packages offer outstanding value plus free on-line member health support services. If you re not happy with your current Fund give Westfund a call OR enquiries@westfund.com.au NEW ENQUIRIES: 1300 WESTFUND WEB: J903 NEWS 6

7 SPONSORSHIP EVENTS Lithgow Workie Wolves The Wolves are part of the Group 10 rugby league competition in the Central West area of New South Wales, run under the auspices of the Country Rugby League. The Wolves won the 2012 competition. The grand final was played in front of a huge crowd at the Lithgow Sports ground with the Wolves playing their best footy in years to defeat arch rivals Orange CYMS Other Sponsorships & Events Mudgee Branch open day Murphy s Mates charity MUA Newcastle kids Christmas party Brisbane MUA picnic day Bathurst Cool Climate Wine Show Bathurst Carols by Candlelight Wilpinjong BBQ Mount Panorama Motorcycle Club Save our ports at Port Kembla MUA Say Safety Conference Brisbane LTO Blackheath golf day NEWS 7

8 WE ARE YOUR ONE STOP FINANCIAL SERVICE DESTINATION! Variable Home Loans Fixed Rate Home Loans First Home Buyer Home Loans Home Equity Home Loans Unsecured Personal Loans Secured Personal Loans Visa Credit Card Visa Debit Card Car Loans Overdrafts Business Loans Commercial Loans Agricultural Loans Leasing Access Accounts Savings Accounts Power up-esaver Account Business Banking Term Deposits Internet, Mobile & Phone Banking Bonus Saver Account - Coming soon Foreign Exchange Services Travel Cards Home & Contents Insurance Boat Insurance Motor Vehicle Insurance Landlords Insurance Caravan & Trailer Insurance Travel Insurance Life Insurance reliance.com.au mmpcu.com.au gccu.com.au MMPCU Maritime, Mining & Power Credit Union Ltd. ABN , AFSL/Australian Credit Licence MMPCU, like all the Australian major banks, is an Authorised Deposit-taking Institution (ADI) under the Commonwealth Banking Act and is subject to close supervision by the Australian Prudential Regulatory Authority (APRA). This means MMPCU must meet the same strict prudential standards on capital, liquidity and risk that apply to all banks. For all loans, terms and conditions, fees and charges and approval criteria apply. A Conditions of Use (COU) is available at our offices / branches / website. We will give you one on application. Any device in this brochure has not considered your objectives, financial situation or needs, which you should consider before acting on our recommendations. You should read and consider the COU in deciding whether to use any product. All information in this Issue of My News was correct as at 23 January 2013, and is subject to change. Reliance Credit Union and Gosford City Credit Union are divisions of Maritime, Mining & Power Credit Union Ltd. NEWS 8