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Interest Rate Changes
The Credit Union will be passing on the full 0.25% recent reduction in official interest rates.
Our consistent approach, irrespective of a rate increase or decrease, is to pass on the change on the first day of the following month.
Mortgage Loans
Effective 1st January 2012 the following loan accounts will be decreasing by 0.25% per annum;
L32, L33, L35, L38, L39, L42, L46, L48, L54, L60, L61, L82, L88, L92, L93 and L94.
Continuing Credit Facilities
Effective 1st January 2012 the following continuing credit facilities will be decreasing by 0.25% per annum:
L34, S5, S6, S7, S9, S10 and S55.
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RediATM expansion across Australia for SCCU members
From 1 September, 2009 SCCU members began accessing over 3,100 ATMs across Australia without paying a direct charge fee.
An agreement that effectively sees the NAB ATM fleet join the rediATM fleet nationally will provide better access for SCCU members through the second most accessible ATM network in the country.
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Assisting Members with Financial Hardship
Recent media reports have highlighted steps that borrowers can take to deal with financial hardship.
At Southern Cross Credit Union, we have always offered help to members who may experience financial hardship. That’s what being member-owned is all about – putting your interests first.
At Southern Cross Credit Union, we focus on making sure we lend responsibly, but we understand that your circumstances can change, for example, because of a change in your employment.
Working with you can make an assessment of how best to assist you and your family based of your ability to meet the obligations of your loan. This is the high standard of Credit Union service we have always applied.
While it’s good to see big banks looking at this issue, their new announcement is about doing what we have always done, by working with you wherever possible when tough times arrive.
Any member who is facing difficult financial circumstances or an inability to repay their loan should contact us on (02) 6672 2744 to discuss your situation further.
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