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Your ATM Network has Expanded
Thursday, 02 September 2010
Good news for ATM users! Resources Credit Union members now have access to over 3,500 ATMs across the country, without paying direct charge fees. That's Australia's second largest network.
How much profit is enough?
Friday, 27 August 2010
A disturbingly large number of Australians, almost 20 per cent, apparently believe that the larger a bank’s profits, the safer the institution. At least that’s according to a recent research paper from the Australia Institute.
Congratulations to CUFA
Friday, 27 August 2010
As many of you may already aware the Credit Union Foundation of Australia (CUFA) does some great work encouraging sustainable corporate, economic, social and environmental practices within Australia.
LISTEN & WIN competition winner announced
Friday, 13 August 2010
Our Member Competition, where you could listen to our new radio jingle and guess which Australian Idol winner was singing, has closed...
Commonwealth Bank attacked over profits
Friday, 13 August 2010
The Commonwealth Bank reported on 11th August a $6.1 billion profit. Yes, you read that right. Six billion dollars. Wow. That is a lot of profit. In fact, the figure is the largest annual profit recorded by any Australian bank. With the other major banks providing stiff competition in the massive profits department, the Commonwealth Bank must be happy with the result. No doubt the bank’s shareholders will be happy with the dividends they receive and the company’s directors excited about the huge bonuses coming their way.
Tax time phishing scam
Thursday, 05 August 2010
Everybody likes getting money back from the government at tax time.
Benefits of being member owned
Friday, 23 July 2010
Did you know that we are member-owned and as a member you are a part owner?
We think it’s worth remembering that you enjoy a real difference by owning your own financial institution. It starts with the fact that we plough profits back into the organisation. That means better interest rates and fewer fees. There is also the benefit of real customer service, which means actually enjoying dealing with one of our/your customer service representatives.
Worried about Europe’s debt troubles?
Friday, 18 June 2010
With the European debt situation getting worse by the day many of us here in Australia are wondering how serious the situation is, and what it means for us. According to the Bank for International Settlements (BIS), the official banker to the world's central banks, the European debt crisis is beginning to look remarkably similar to the subprime mortgage meltdown. That financial fiasco came out of the United States in 2007 and spread like a virus through the global economy.
National Security Awareness Week June 6-11
Wednesday, 09 June 2010
The Internet is an incredibly useful tool for many businesses, and ours is no exception. In this information age the technologies that we depend on every day present us with both great opportunity and great risk. That is why every day we continue to monitor and upgrade our security systems. We strive to always be up to date with the latest online scams and ensure that you, our members are informed of any dangerous developments.
No Interest Rate Increase by Reserve Bank
Wednesday, 02 June 2010
After six rate increases of 0.25% pa in each of October, November, December, March April and May, borrowers must have been relieved when the Reserve Bank of Australia (RBA) did not increase rates at its Board meeting on 1 June 2010.
Woolworths Upsets its Customers
Wednesday, 02 June 2010
Many customers using debit cards are “up in arms” because Woolies has prevented them from pressing the ‘credit’ button at Woolworths EFTPOS checkouts to pay for groceries or goods.
2010 Education Scholarship Recipients
Thursday, 27 May 2010
Resources Credit Union recently awarded scholarships to help young people with their personal education or career development expenses.
"It all comes back to you" TV Campaign
Friday, 21 May 2010
Resources Credit Union has joined 82 credit unions and building societies to tell Australians about the benefits of becoming a member.
A national TV advertising campaign went to air on Sunday 16 May and will continue until the end of June. The TV ads will appear in many programs, including the one of the top 10 shows “Australia’s Got Talent” which has1.4 million viewers per episode.
Proposed tax break for savings accounts
Tuesday, 18 May 2010
In its recent Budget the Australian Government has announced proposed changes to the way savings accounts will be taxed. The plan is to halve the amount of tax paid on the first $1000 of interest earned in savings accounts from 1st of July 2011.
rediATM iphone app
Thursday, 15 April 2010
Rushing to meet friends for dinner in the city you remember that you need to get some cash out. But you can’t bring yourself to pay the $2 to use a rival institution’s ATM. You just need to find a close reditATM, and quickly. That annoying little task is now easily achieved using the new rediATM iPhone locator app.
RBA uses rates to slow inflation
Friday, 09 April 2010
The cash rate was raised by 25 basis points to 4.25% earlier this week following the monthly RBA Board meeting. This is the fifth increase since October. The continued rate rises have been made to quell emerging inflation pressure from the export sector and rising house prices.
Swan backs Australian Mutuals
Wednesday, 07 April 2010
In a recent media release the Federal Treasurer, Wayne Swan, has come out and praised Australian Credit Unions and Building Societies. In his weekly ‘Economic Note’ the Treasurer congratulated Mutuals on providing real competition to the big four banks and highlighted the lower home loan rates available from the Credit Unions and Building societies.
Woolworths remove choice at the checkout
Thursday, 01 April 2010
Retail giant Woolworths has recently announced changes to the way VISA Debit Cards will operate in their group of stores. From 15th April, customers using VISA Debit Cards to pay for goods at Woolworths' checkout machines will no longer be able to use the Credit (Cr) option.
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.
Rewarding Members
Tuesday, 29 June 2010
Did you know that 73% of Resources members don't pay Monthly Transaction Fees?
This is because we don’t need to pay dividends to external shareholders. We are a mutual organisation, where all members are equal owners of the Credit Union, and as such we share the benefits and costs fairly.
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.
