CEO’s Message

Member News July 2015

Contact Details Member Service: 1300 426 728 | Fax: (02) 9237 6750 | Email: info@quaycu.com.auWeb: quaycu.com.au | Mail: Reply Paid 313, Royal Exchange NSW 1224 (no stamp required)

Welcome to our July Edition. With a new financial year upon us many would be preparing for tax time.In this quarter’s edition, we have included our tips for tax time, which you should find useful, and I would like to share the following with you.

1. We welcome Steve Helmich to the Quay Credit Union Board as a new Board member. We have included a short biography on Steve below.

2. For the second time this year we have responded to the recent RBA announcement, we reduced the interest rate on our home loans by 0.25% pa effective 1 June 2015. For more information, please see page 3.

3. MYOB BankLink is here. It is designed for small businesses to manage their business accounts and transactions and also assists with running a SMSF. For more information, please see page 2.

Kind RegardsAnthony Wamsteker CEO, Quay Credit Union

New Board MemberIntroducing Steve HelmichSteve Helmich has over 40 years experience in Financial Services. He was appointed to his current role, Executive Director, Financial Planning, AMP in January 2014. His previous role (August 2000 to December 2013) was Director – Advice & Client Solutions where he managed the operation of AMP Financial Planning, Hillross Financial Services, Arrive Wealth Management and AMP Horizons Financial Planning Academy.

He is a past Chairman of the Financial Planning Association of Australia (2002 – 2004) and is a Trustee & the Chair of Future2 (the foundation of the Australian Financial Planning Association) since 2009.

Steve has been a Director of the global Financial Planning Standards Board (FPSB) since 2010 and currently holds the position of Chairperson of the FPSB.

Steve Helmich Executive Director, Financial Planning Dip FP (Diploma Financial Planning), FANZII (Fellow ANZ Insurance Institute), SF Fin (Senior Fellowship FINSIA), MAICD (Member Australian Institue of Company Directors)

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MYOB BankLink have been providing solutions to the accounting profession for over 25 years. Today around 10,000 accounting practices are using MYOB’s BankLink products and services to streamline the processing of 1.2 million small business and SMSF clients in Australia and New Zealand. Quay Credit Union is able to provide bank feeds using MYOB Cloud Accounting Solutions.

A MYOB BankLink bank feed will securely supply an electronic copy of your Quay Credit Union account transactions each month direct to your accountant or bookkeeper – with over 10,000 accountant now utilising MYOB BankLink.

Save Time & MoneyIf you currently use paper or a spreadsheet; keep receipts for accounting; have little or no accounting knowledge; don’t want to get too hands on with bookwork or run a SMSF (Self-Management Super Fund), then you should consider MYOB BankLink.

MYOB Banklink

Benefits include:-

f eliminates the need to supply your accountant with receipts and or bank statements

f reduces the need for manual data entry in particular for Business Activity Statement (BAS) requirements

f memorises regular transactions such as bills, bank charges or loans so they are automatically coded

f provides easy communication between you and your accountant, so you can enter any additional transaction information needed

MYOB BankLink is secure and complies with the stringent international security requirements of all financial institutions. Your transaction data is supplied in encrypted form and cannot be accessed by another other than your accountant.

Your accountant cannot register you with BankLink until you have provided a signed authority form.

If you would like more information, please call us on 1300 426 728 or visit www.quaycu.com.au to download the authority form.

Take advantage of transaction fee free banking and make the switch today. We really do make it easy to switch your account from another bank or financial institution by helping you transfer all of your regular direct debits and direct credits to your Quay Credit Union account.

All you need to do is:- f Go to “Switch to Quay” - located under membership f Complete the “request for regular payments list”

form and return to us. We will contact you to discuss which regular payments you would like to move across.

f Then complete the “notice of variation of account details” form

Once you are certain that all your regular debits and credits have been successfully transferred to Quay Credit Union, you can complete the “authority to close account” form.

We then take care of the rest. You don’t need to talk to your financial institution again.

To make the switch today, talk to us on 1300 426 728, return the forms to us by email to info@quaycu.com.au or fax to (02) 9237 6750.

Make the Switch Today

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JUMPSTART5.49%pa*Comparison Rate

JUMPSTART YOUR RIDE

Now could be a great time to get into your new car with our 5.49% pa* car loan.Get behind the wheel sooner by having your finances ready to go. We can arrange pre-approval so you can go shopping with confidence.

Our car loan comes with:-

f No application fee or monthly service fees

f No penalty for extra repayments

f No penalty for early payout

f Easy pre-approval process completed within 1 business day

Call us today on 1300 426 728 or apply online at www.quaycu.com.au.

Eligibility criteria, terms and conditions, fees and charges apply. Offer available for a limited time and only for new cars (up to 3 years old). Available only to new loans or refinances from another lender. Rate current at 1 July 2015 and subject to change without notice.

*Comparison rate based on a secured loan of $30,000 over 5 years. WARNING: This comparison rate is true only for the example given and may not include all fees and charges. Different terms, fees and other loan amounts might result in a different comparison rate. Quay Credit Union Ltd, Australian credit licence 236856.

It may be getting cooler but our interest rates are hotting up

With rates so low, there has never been a better time to reassess your home loan. The right home loan today will save you money on your home loan and making the switch is a lot easier than you think.

Our Basic Variable Home Loan rate is 4.49% pa (Comparison rate 4.54% pa*) and is available to members looking to buy a home or refinance their existing mortgage.

Our Basic Variable Home Loan is packed with features including:-

f Competitive interest rate

f Free redraw facility

f No monthly or annual fees

f Flexible repayments

If you are currently paying a higher interest rate and/or monthly or annual fees, then talk to us. With your personal banker to help you manage your finances, we can save you money over the life of the loan.

To apply today, call us on 1300 426 728 or visit www.quaycu.com.au.

Eligibility criteria, terms and conditions, fees and charges apply.

Rate current at 1 July 2015 and subject to change without notice. Quay Credit Union Ltd, Australian credit licence 236856.

*Comparison rate based on a secured loan of $150,000 over 25 years. WARNING: This comparison rate is true only for the example given and may not include all fees and charges. Different terms, fees and other loan amounts might result in a different comparison rate.

your ride with ourCar Loan

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Important Notices All products are issued by Quay Credit Union Ltd ACN 087 649 723 AFSL 236856 Australian credit licence 236856 unless otherwise noted. All deposits held with Quay Credit Union are backed by the Australian Federal Government Deposit Guarantee up to $250,000 per depositor. This information has been prepared without taking into account your objectives, financial situation or needs. You should consider the Conditions of Use in deciding whether to take up a product or service. All information contained in this newsletter is correct at the time of printing and subject to change without notice. Fees and charges may apply. Standard credit assessment criteria apply and all loans are subject to approval. Terms and conditions available on request.

Membership Education SeriesMaking Tax Time Easier

Tax time is here again. Here are our tips to help you make the most out of your tax return.Some basic rules

f You are entitled to claim expenses that are directly related to earning an income

f Private or domestic expenses are not deductible

f If the expense was both work-related and has a private component, you can only claim a deduction for the work-related portion

f Deductions can only be claimed in the same income year that you made the purchase

f Keep all receipts and written records

Work-related expensesIf you are an employee you may be able to claim a tax deduction for some costs related to your job.

This may include:-

f equipment, tools or other assets and the amount that you can claim depends on the amount of time you use them for work purposes

f car, travel, accommodation and incidentals may also be claimed if you travel for work. This depends on your job, your industry and what the costs relate to

f work clothing, footwear and laundry expenses related to the cleaning of work clothing may also be claimed

Other expenses that are tax deductible:-

f self-education expenses

f seminars, conferences and education workshops

f gifts and donations

f home office expenses

f cost of managing your tax affairs

f income protection insurance

f union fees and subscriptions to associations

The financial year runs from 1 July to 30 June. You have until 31 October to lodge your tax return if you are preparing it yourself. If you are using a registered tax agent you have until 31 March the following year.

Finding Your Nearest ATM

With over 3,000 rediATMs Australia wide, there’s always a good chance you will find one nearby.

With the rediATM Finder app, you will be able to find a rediATM as quickly and simply as possible.

To install your free rediATM Finder app, just follow the instructions below:-

1. iPhone users – go to the Apple Store and search for ‘rediATM Finder’

2. Android users – go to the Google Play Store and search for ‘rediATM Finder’

You can also visit www.rediATM.com.au and click on ‘ATM locator’ for more information.

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