NZCU News

Back to School with NZCU Employees

NEWS_BacktoSchoolAre your finances feeling stretched after an expensive Christmas and now the costs of back to school expenses are piling up? Maybe we can help you to cover the costs of this expensive time of year.

Back to school expenses like stationery, equipment, uniforms, school fees and activities can mount up fast, and it can be difficult and stressful trying to cover these expenses at the start of the year.

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A family of savers

NEWS_VaineWhen Vaine married her husband Mr Lavaka in 1989 she also joined NZCU Employees. It was one of the best decisions she ever made because, she says, their humble family all benefit from the different savings accounts offered by the credit union.

All five of Vaine’s children have had their own NZCU Employees accounts since birth, which comes in handy at Christmas and when it’s time for them to go back to school.

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Notice to members: Insurance Provider

NEWS_InsuranceThis is a notice to members of NZCU Employees that the credit union will no longer be selling Co-op Insurance products.

NZCU Employees has a new partnership with Tower Insurance offering a broad range of insurance options including vehicle insurance, travel insurance, and home and contents cover.

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$5000 saved for Christmas

NEWS_ChristmasClub2017Family man James Mohetuki says the NZCU Employees’ Christmas Club account has been amazing. It’s not only helped him create good saving habits, but has also been there in times of dire need. However the best part is the sense of accomplishment, satisfaction and relief at Christmas time knowing full well that he’s sorted.

“The credit union has been really good to me and my family,” says the 35-year-old NZ-born Niuean.

Having been with NZCU Employees for going on 10 years now James marvels at how times have changed since he first joined.

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The mother of NZCU Employees

NEWS_SherylKnown by many members as the ‘mother of NZCU Employees’ Sheryl Eddy was honoured at this year’s AGM for 20 years of service to the credit union. The no-nonsense grandmother of five is often the first face people see when they walk into the branch, and she’s always willing to help.

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AGM 2017 the year of giving back

NEWS_AGMWrapThe NZCU Employees Annual General Meeting took place on Thursday 2nd November 2017 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.  

Members were eager to hear about the credit union’s year since the last AGM, and how staff and board members were doing their best to maximise results for members.

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Loyal to NZCU Employees

NEws_BobIrwinNZCU Employees’ Robert (Bob) Irwin may have retired five years ago, but he still makes time to help out at the credit union each week. The 70-year-old grandfather has been a part of the organisation since 1980, five years after he joined Fletchers.

After working at Fletchers for 37 years, Bob was made redundant.

His retirement was to be short-lived. When fellow board member Marilyn stepped into the role of Credit Union manager, she arranged for Bob to help out temporarily.

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Refinancing hopes

NEWS_HomeLoansLong-time member of NZCU Employees, Simon Laumatia is three quarters of the way towards owning his Otahuhu home which he first bought in 1998. The 62-year-old machine operator recently refinanced his mortgage with the help of NZCU Employees and hopes that more people will look at putting their money towards owning their own homes rather than paying rent.

“Don’t waste your money renting”, says the father of four who came to New Zealand from Samoa in the 70s.

“It’s money that you’re never going to get back.”

Simon chuckles as he talks about the struggle of a mortgage, something he knows all too well.

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Living to work

News-WayneChildsNZCU Employees’ Loans Officer Wayne Childs is not one to dawdle. Originally working in factories and manual jobs, a motorbike accident left him paralysed at the age of 22. Working at NZCU Employees is fulfilling  Wayne’s drive to learn new skills and help our members with their loan applications and other financial needs, and he’s thriving. 

It’s a running joke between Wayne Childs and his sister that if he could work on the weekends, he would.

“I don’t want to sit around at home and do nothing,” says the 54-year-old South-Auckland raised Kiwi.

Wayne left school at the tender age of 15 and worked in factory and manual labour jobs, which he preferred, saying they were more ‘him’.

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Watch your savings grow with a Term Deposit

A term deposit helps you to maximise your hard earned savings by earning a higher amount of interest on your savings, when you put it away in a term deposit for a fixed period. Here we share some key information to help you make an informed investment decision about growing your savings through our low-risk term deposit options.

While other investments such as stocks or shares can be risky and complex, term deposits are low-risk, straight-forward investments that allow you to earn high interest rates on your savings. A term deposit is a deposit held with the credit union for a fixed amount of time, known as a term. When the money is deposited, the member understands that the money is there for the pre-determined period (3 months – 48 months).

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