NZCU News

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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Communicating KiwiSaver benefits

When KiwiSaver was introduced to New Zealand in 2007, Tongan-born and raised Senituli Tu’aefe was quick to join. Although he made consistent contributions from the outset, he found it difficult to get information about his investment. So Senituli transferred his KiwiSaver to the award-winning high-performing Generate Fund with NZCU Employees.

The greater ease of communication at NZCU makes him happier, enabling Senituli to focus on his No 1 dream – buying his first family home. 

Born and raised in Talafou, south of the capital Tongatapu, Senituli Tu’aefe came to New Zealand to make a life for himself. A steel worker for Fletcher’s Steel division, Senituli worked hard to make a life here, not just for himself, but his wife and two sons.

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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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Develop financial literacy skills for your young ones

This year New Zealand Money Week takes place 3-9 September, with the theme ‘Weather the Storms’ – having the financial resilience to deal with life’s ups and downs through savings, avoidance of bad debt, insurance and wills.

To help you start thinking about Money Week, we’ve put together some information about why it’s important to teach our young ones about financial literacy. Continue reading “Develop financial literacy skills for your young ones” »

Better, faster, more reliable banking system – Coming FEBRUARY 2019

Our new banking system is coming FEBRUARY 2019. While you won’t notice much change in terms of its look, the new system will make your online banking experience faster and more reliable.

The new system keeps the credit union up to date with digital technology, and the changeover is scheduled to happen on FEBRUARY 2019.

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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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Save for your future with KiwiSaver

NZCU Employees now offers KiwiSaver through a new partnership with the Generate Scheme. Save for your future by joining KiwiSaver, whether it’s to put towards purchasing your first home, for your retirement, or both.

There are many benefits to joining KiwiSaver.

When you contribute to KiwiSaver from your salary or wages, your employer is required to put in a 3% contribution.

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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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Neha new but not nervous

NEWS_NehaAs the newest member of staff at NZCU Employees, accountant Neha Garcha is finding it easy to settle in thanks to her supportive colleagues and a sense of belief in the principles of the credit union. Barely two months into her role and she’s found her groove. Neha is ready to apply her accountancy skills and experience but also to learn and develop new ones.

Born and raised in India, Neha says she had always wanted to be an accountant.

So while her brother went to work in Dubai, Neha completed her studies at the University of Punjab, Chandigarh and worked as an accountant for Nestle International Limited.

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Life insurance is not just for you … it’s for those you care about

NEWS_LifeInsuranceNZCU Employees offers a range of insurance options to cover your life and income through Pinnacle Life Insurance. While we don’t like to think about the unexpected happening, knowing that your family can pay the bills and rent, if anything happens to you creates great peace of mind.

Below we outline some of the key types of life insurance that are now available to our members.

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