NZCU News

2018 AGM Highlights

The NZCU Employees Annual General Meeting took place on Thursday 2nd November 2018 which saw members and stakeholders come together to hear reports from the chair, management and have their say as well as vote on important matters for the credit union.  

General Manager of NZCU Employees Kona Hatalafale says it was yet another successful AGM.

“It’s always good to see our members being involved and engaged. And it was a good way to celebrate the year that we’ve had.”

See some highlights and the beautiful faces of some of our staff, members and the board in our image gallery of this year’s AGM.

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Celebrating 25 years with NZCU Employees

The personal touch is why Kaylene Robinson is celebrating a quarter of a century as a member of NZCU Employees.

“I’ve attended nearly every AGM since I joined because I love their friendly manner,” she says.

“And their mission is to take the struggle out of finance, which is so true in the way they have treated me.”

Life hasn’t been easy for Kaylene, she lost one son at age 19 when he was killed in a road accident by a drunk driver.

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Come along to our 2018 AGM

Come along to our 2018 AGM and receive a $50* Pak’nSave Voucher for attending.

Date & Time

Thursday 22nd November 2018 (doors open 5:30pm, AGM starts 6:00pm)

Venue

Landmark Bar and Function Venue, RSA Panmure (corner of Domain Road and Queens Road, Panmure)

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Notice to Members: Rule amendments 25 (b) and New Rule 25 (d)

This is a notice to members to inform you of a Rule change titled “Board of Directors” 25 (b) and adding a new Rule 25 (d).

These Rule changes will be presented at our AGM held on the 22nd November 2018 for members to vote on.

You can find a full set of New Zealand’s Employees Credit Union Rules on under legal.

Rule amendments 25 (b) and New Rule 25 (d)

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Credit Where It’s Due: International Credit Union Day, 18 October 2018

The story of credit unions is the story of a simple but effective idea: people pooling their money and making loans to each other.

Credit unions evolved from the cooperative activities of early 19th century Europe. The first union was marketing cooperative in 1844, organised by a group of workers in England. That same year in Germany, Victor Aime Huber was developing and publicising early European cooperative theories, leading to the idea of credit societies.

Moved by the crop failure and famine that had devastated Germany in 1846–1847, Hermann Schulze-Delitzsch and Friedrich Wilhelm Raiffeisen created the first true credit unions in the mid-19th century.

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Check out your online self this Cyber Smart Week

Check out your online self this Cyber Smart Week.

There’s a lot of news about cyber security at the moment. We’ve all seen stories of hackers intercepting emails to trick people out of money, and whole systems locked up for ransom. Even so, it can be hard to see how that might affect you. After all, what have you got that anyone else would want? And why would anyone bother trying to figure out your password?

Many cyber attacks don’t target a specific individual or organisation. Instead, attackers look for easy ways to find information online that they can use to their advantage. It doesn’t matter who it belongs to.

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What we don’t know about KiwiSaver

A survey by the Commission for Financial Capability (CFFC) for World Investor Week found that 28% of those enrolled in KiwiSaver did not know whether their fund was in the conservative, balanced or growth categories.

An estimated 800,000 KiwiSaver members do not know which fund they’re in, and half that number don’t know how much they’re contributing each payday, or their total balance.

The figures are even worse for women when broken down by gender.

 

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Savings Tips

Most of us assume it’s easier to spend money than to save it. That’s because it is easier for the majority of us.

“It’s only money,” we say, while our money whittles away.

And before you know it, it’s gone. In its place are people and places who you owe money to.

What to do?

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More than a Number

Helping others secure a loan is just one of the many reasons Vivien Rush agreed to become an NZCU Employees board member.

The Kawerau resident and Rotarian, who works at the local tissue mill, started on the factory floor and admits she had never heard of a credit union until she started working at a furniture store.

“We’d get customers coming in with loans from their credit union to buy their furniture and appliances,” says Vivien.

“So I started investigating and learned how a credit union enabled people to help others.

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Co-op Insurance NZ Backstop policies

Please be aware that Co-op Insurance NZ is closing down its insurance activities.  For the very few members that still have Backstop policies with Co-op Insurance NZ you will no longer have cover beyond 29 October 2018.

Please CONTACT US URGENTLY to discuss your options to continue cover with another provider.

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