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UPDATE
        NEWSLETTER

Make that 11,001 ATMs that welcome your Redicard and Visacard - right around Australia!

Now you can access your money 24 hours a day via the new UCU automated teller machine on the Macquarie University campus. This latest ATM, takes the total of on-campus UCU ATMs to five.

The other UCU ATM locations are:

  • UNSW Campus: The Logo Shop, (lower campus) and in front of the UCU branch, Commerce Courtyard.
  • Sydney Institute of Technology, Ultimo Campus: In front of the UCU branch.
  • Faculty of Health Sciences, University of Sydney, Cumberland Campus: Building F near the cafeteria.

This is just another step forward in our continuing program of ensuring you, our members, have easy access to your money, no matter where you may be.


Our latest loan rates.


FEES AND CHARGES
Fees: From 1 January 1995

AGENT BANKERS' and CREDIT UNION'S CHARGES
Account keeping fee $10 per annum
Annual commitment fee -
Flexible Mortgage Loans
$100 for $20,000-$49,000
Annual commitment fee -
Flexible Mortgage Loans
$150 for $50,000-$99,999
Annual commitment fee -
Flexible Mortgage Loans
$200 for $100,000 plus
ATM/EFTPOS fee If min bal is >$500, free; if min bal is <$500, 6 free then 95 cents per transaction
Cheque deposited to member's account dishonoured $10.00
Copy of cheque issued by member $7.50
Copy of counter cheque $7.50
Copy of deposit or withdrawal vouchers $7.50
Copy of VISA or Redicard transaction voucher $10.00
Counter cheque
(collected in person)
nil
Counter cheque
(despatched by Credit Union)
nil
Dishonour fee - cheque written by member $30.00
Dishonour fee - direct debit $30.00
Foreign currency bank draft $8.00
Overdrawn/overlimit fee $25 plus 5% penalty interest
Personal cheque book nil
Redicard nil
Replacement - lost VISA or Redicard $15.00
Security fee - Bill of Sale $25 (minimum) up to $60 (max)
Special clearance on a deposited cheque $10.00
Statement fee - for copies of past statements $3.00 per page
Stop payment on a cheque -
if presented
$30.00
Stop payment on a cheque -
if not presented
nil
Stop payment on a bank draft $20.00
Telegraphic transfer $30.00
Temporary VISA card - domestic $20.00
Temporary VISA card - overseas at actual VISA cost
Travellers cheques 1% of value
VISA card $3 per month from Jan 95
GOVERNMENT CHARGES
Charges on deposits (FID) -
for every $100 deposited
6 cents
Tax on cheques drawn - BAD tax
$1 to $9.99 30 cents
$100 to $499.99 70 cents
$500 to $4,999.99 $1.50
$5,000 to $9,999.99 $3.00
$10,000 and over $4.00



THE CREDIT UNION'S RIGHT OF SET-OFF
In terms of Rule 6.2, the Credit Union has the power and may utilise its right to charge the shares and any deposit account of a member with respect to any debt owed by the member to the Credit Union. In the normal course, this right or set-off would only be used where all other avenues to obtain repayment from a member in respect of an outstanding debt have failed and the proper notice has been given. The Credit Union is required to periodically notify members of this right in accordance with the Financial Institutions Code.



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