NZCU News

Paying her way

NEWS_TeresaDaviesTeresa Davies brings a wealth of experience to her role as Chair of NZCU Employees, having worked in the HR and payroll sector across much of the country for more than three decades. Since moving to Auckland in 2008 she has worked for a number of large organisations, including Fletcher Building and now The Warehouse, where she was recently promoted to the role of Payroll Manager.

Being on the Board of Directors for an organisation such as NZCU Employees today is a far cry from the old days, according to Chair Teresa Davies.

“People were encouraged to join a Board primarily because they were known and trusted and they had to make up the numbers required. It was basically getting enough bums on seats,” she recalls.

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A unique opportunity – Recruiting Now for our Board of Directors!

NZCU Employees is currently taking nominations for our Board of Directors. As a non-profit organisation we strive for service over profitability, however we must also make sound financial decisions. This is a unique opportunity to apply your skills and take our Credit Union into the future.

As a mutual financial organisation, NZCU Employees is democratically governed by our board which is elected from and by our members.

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Harsh’s helping hand

NEWS_HarshWhen Financial Accountant Harsh Singh-Garcha came to New Zealand from India in 2015, he was the first person in his family to ever live abroad. Upon graduating from MIT (Manukau Institute of Technology) with a Graduate Diploma in Accounting, he searched everywhere for a place to establish his career. NZCU Employees heard about his ambition and answered his dreams.

“It was my Christmas present,” Harsh says with a laugh as he recalls landing his first role here at NZCU Employees as a volunteer in late December 2015.

It all began when he started knocking on doors looking for opportunities.

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NZCU Employees now offering Co-operative Bank home loans

MAIN_HomeLoansNZCU Employees is now able to offer home loans to members through The Co-operative Bank.  Co-op have a full range of product options and their experienced lending staff will work with you to make sure that you get the right Home Loan solution for your situation.

The range of products on offer include Welcome Home Loans for borrowers  who have a minimum of 10% deposit and Fresh Start loans for people who have/have had previous credit problems. NZCU Employees will receive commission from Co-operative Bank for each home loan.

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Supplementary Document to the Product Disclosure Statement

This is a supplementary document to the NZCU Employees Product Disclosure Statement dated 16 November 2016 relating to an offer of Shares issued by New Zealand Employees Credit Union.

This supplementary document supplements Section 6 – ‘Specific risk of investing’ of the Product Disclosure Statement dated 16 November 2016 relating to an offer of Shares issued by New Zealand Employees Credit Union (PDS) by inserting a new sub-section 6.7.

This supplementary document is to be read together with that Product Disclosure Statement. No other supplementary documents have currently been lodged.

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Sheryl’s constant motivation

NEWS_SherylEddyIn the 19 years Sheryl Eddy has worked at NZCU Employees, the grandmother of five has seen many changes. Remaining constant for the dedicated staff member of the credit union is her motivation to provide members with professional customer service, helping them save and become debt-free. It’s why Sheryl enjoys coming to work each morning.

“We’ve got lovely members,” she says, adding the organisation is growing with newcomers joining the credit union.

“I look at my job as being here to help them.” Continue reading “Sheryl’s constant motivation” »

Sharna’s Savings Habit

SharnaWhen Sharna Irwin was 11 years old, her parents and grandfather began teaching her how to save and opened a Kids Club Account for her with NZCU Employees. Now age 18, Sharna knows the importance of making good financial choices

Having just finished her schooling at James Cook High in Manurewa, Sharna is grateful to her family for their foresight.

“As an only child growing up, I was a little spoilt,” Sharna admits.

“That changed when my little brother was born, but what didn’t change was my family continuing to teach me the importance of saving,” she says.

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Notice to all members

MAIN-Transition-to-FinanciaNotification of Transition to Financial Markets Conduct Act 2013

This notice is to advise members of NZCU Employees of our transition to the Financial Markets Conduct legislation as from the 25th of November 2016. This is our effective date for the transition and the day from when requirements of the Financial Markets Conduct Act 2013 and Financial Markets Conduct Regulation 2014 apply to our operations and your investment. 

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Savvy saving

Saving is an important part of living financially free, whether it’s to prepare for unexpected events, to fund extras like holidays, or to save for your future such as your retirement. While we’re here to help you save, there are other ways in life where you can kick the spending and start saving for a stronger financial future. Check out these savvy savings tips to make your money go further. 

There are three main reasons for saving:

  • For the unexpected – ensuring you’ve got money aside for emergencies such as a loss of income, a family bereavement or vehicle expenses
  • For the extras in life – to fund holidays, family gatherings, a new vehicle or a laptop
  • For your future – to help you in retirement when you’ve stopped working and you’re no longer earning regular income

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Ideas for saving money this Christmas

Christmas can be an expensive time of year for families, but you don’t need to spend a lot of money to have a lot of fun. Make sure you’re not letting Christmas get you into unnecessary debt with these ideas for saving money this Christmas.

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