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First Reserve Bank Rate Rise for 2010
Wednesday, 03 March 2010
On March 2nd, the Reserve Bank lifted its key interest rate by 25 basis points to 4.00%, adding $50 to the average Australian monthly mortgage repayment. While this is the first rate rise for the year, it comes on top of three consecutive months of interest rate rises to close out 2009.
Government Guarantee Update
Tuesday, 09 February 2010
In October 2008, the global financial industry was being walloped. To ease some of the worry that financial institutions and their customers were experiencing the Australian government put in place a range of guarantees on deposits held with financial institutions and the raising of overseas investment.
On Sunday 7th of February, the Treasurer Wayne Swan announced that the government’s guarantee would expire this year. The government guarantees for both wholesale funding and deposits of more than $1 million will expire on March 31. The guarantee for bank deposits of less than $1 million, will remain until at least October 2011 Mr Swan added.
Reserve Bank Rates on hold
Tuesday, 02 February 2010
At its meeting today, the Reserve Bank Board decided to leave the cash rate unchanged at 3.75 per cent.
Beware of Tampered EFTPOS Terminals...
Monday, 01 February 2010
Resources’ Redicard and Visa Card users should take extra care (see ‘Tips’ below) when paying by EFTPOS. Recently, criminals have tampered with some merchants’ EFTPOS terminals. Their aim is to capture customers’ account details from the magnetic strip on the card and also their PIN as it was keyed in. This information may enable criminals to steal money from your account or produce counterfeit cards to try and do so...
New look Internet Banking coming soon...
Wednesday, 13 January 2010
We will be revamping the look of our Internet Banking site over the next few days!
All access and functionality will remain the same.
New Year... New Financial Habits
Monday, 11 January 2010
For many of us, the New Year can mean enormous credit card debts and infinite store card bills.
But is there a way you can prevent this from happening?
Here at the Credit Union we make sure you’re financially equipped to handle anything. All you have to do is plan ahead!
Phishing Scam Targets VISA
Friday, 27 November 2009
Doing your Christmas shopping online is a good way to beat the crowds and chaos this year. There are however certain things you have to be careful about in the online shopping world. A new phishing scam, recently uncovered by webroot (http://blog.webroot.com/2009/11/18/faux-verified-by-visa-phishing-scam-targets-holiday-shoppers), targets online shoppers looking to sign up to the ‘Verified by Visa’ program.
RediATMs to be more available
Wednesday, 03 June 2009
Credit Union members will have access to more than 3,100 Direct Charge-free ATMs Australia wide by the end of 2009.
RBA Raises Concern Over Housing Shortage
Friday, 27 November 2009
With the threat and news coverage of the global financial crisis subsiding, the RBA has begun to focus attention on Australia’s housing shortage problem. The RBA has been vocalising a belief that there is a real danger that housing prices could continue to rise from their already high levels. If various levels of government don’t pay attention and start moving on the issue the problem can only get worse.
Important security alert - "Vishing"
Thursday, 27 August 2009
"Vishing" is a like a typical email "phishing" scam except over the phone...
Customer Satisfaction
Wednesday, 03 June 2009
The latest Roy Morgan Customer Satisfaction poll shows credit unions continue to strongly outperform the banks.
