Message from Steve

Hello to all of our great sup-porting Members. Once again your financial institution has had a successful  financial

year, its 43rd, and only made possible by the fast approach-ing 20,000 Membership, using WECU’s many benefits and re-ceiving attractive and competi-tive products and services.

Financial Well Being products and Wealth Management plan-ning are the cornerstone blocks to build WECU’s relationship with the current Membership and future Members through-out all of the Woolworths Limited Divisions and their families.

Our Home Loan Mortgage continues to be one of the most attractive in the market with an

interest rate lower than the four major banks standard variable interest rate and includes covering all costs up to $1,000 if you transfer your Home Loan across to WECU. It does not get much better than that.

We hope that the articles in this newsletter appeal to you in vari-ous areas especially the holding of our Third $5,000 Student Scholarship year and the creation of some new products namely a Credit Card Nil Interest Balance Transfer facility, a Mortgage Interest Offset Loan and an automated Redraw product.

All the best Steve Sampson General Manager

Dollars & SenseISSUE | JULY 2014 | WINTER - SPRING

In this issue

• $5,000ScholarshipAward• BridgesFinancialPlanningPromotion

• SmartPhoneMobileBankingishere

• Insurance$50WishGiftCardPromotion

• QBEInsuranceNationalPromotion

• IntroducingaNewStaffMember

• NewProductsAndServices• Celebrating20years• CashPassportPromotion• CardPINWISEarticle• SureplanFuneralFundServices

• NoticeofAGM• CallForDirectorNominations•MulgraveFinancialPlanningSeminar

WOOLWORTHS EMPLOYEES’ CREDIT UNION

“ Remember, once a WECU Member, always a WECU Member”

The Woolworths Employees’ Credit Union $5,000 Student Scholarship Award will be launched in July. The closing date for all applications will be the end of September. The eligibility criteria is as follows:

• Only year 12 students are eligible.

• A top grade point average B+ in the current school.

• Received acceptance to an accredited college, university or vocational school if already confirmed.

• Application form (available online).

• Official current transcript of high school grades – current and prior year marks.

• Essay written by applicant stating why he/she would be eligible to receive this scholarship.

• Anticipated field of study.

• Secure letters of reference or recommendation. Please refer to the Application form for more details.

• Student applicant must be a child of a Woolworths employee during

the selection process or work for Woolworths.

Nomination process:

• Three nominated applications will be selected from those received for the interview stage.

• Interviews will be conducted in October, either face to face or by conference call.

The Scholarship funds are controlled by WECU and are strictly for the use of further education in any field of endeavour and no further correspondence as to selection will be entered into.

Visit our website www.wecu.com.au to download the PDF form for ‘Application for 2014 Student Scholarship Award’.

$5,000 Scholarship Award 2014

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New Mobile Banking Smart App - Here Now FREE!

For more information please call us on 1300 665 553or just go to your app store.

new Smart App will also deliver a tremendous user experience –including an optional shortcut 4 digit code to gain instant access to banking services along with a look and feel that make using it a pleasure. Some of the features of the Smart App: Design – Compatible with all the major devices iPhone, iPad and most Android and Windows powered devices.Shortcut PIN – Members can have access to the Smart App via a 4 digit PIN on their

Direct access to services – Members can immediately access real transaction services with instant access to either full service Mobile Banking or direct to “most used” functions such as transfer, Bill Pay and even the innovative Pay Anyone Mobile Banking service. No additional screens just instant access.

– Real time customer information is delivered directly to your Smart App and can include alerts such as, the receipt of direct payroll credits or suspicious account activity along with secure personal emails.

Services and information – Members can locate their nearest branch or ATM, the information is always up to date.

Take out a QBE Domestic policy and receive a $50 Woolworths WISH gift card*.When you take out a new QBE Home Building, Home Contents, Landlords or a Comprehensive Motor Policy through Woolworths Employees’ Credit Union from 01 July 2014 – 31 August 2014 you will be rewarded with a $50 Woolworths WISH gift card*.

To take up this great offer or find out more information ask our in branch staff or visit www.wecu.com.au

* Woolworths WISH gift card not transferable for cash. Neither QBE nor Woolworths Employees’ Credit Union is liable for the activation, use or supply of any goods or services in connection with the Woolworths WISH gift card. Please see website for full terms and conditions.

This material does not take into account your personal needs, objectives and financial circumstances and you should read the Product Disclosure Statement (PDS) available at all Woolworths Employees’ Credit Union branches when considering whether it is appropriate for you. Insurance issued by QBE Insurance (Australia) Limited ABN 78 003 191 035 AFSL 239545. Normal underwriting conditions apply.

Woolworths everyday gift cards conditions and exclusions apply. For full terms of use visit everydaygiftcards.com.au/ Woolworths Employees’ Credit Union Limited ABN 67 087 651 803 | AFSL / Australian Credit Licence 240720.

1 policy – $50 gift card, 2 policies – 2 x $50 gift cards, 3 policies – 3 x $50 gift cards

J5403

J5403 WECU Voucher Offer A4 Ad.indd 1 2/06/14 11:19 AM

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Cassandra Windsor Business Development Consultant Mulgrave

A little about me - I grew up in country NSW and moved to Geelong over 14 years ago. I now live in Melbourne with my boyfriend Ash and beautiful 2 yr. old black lab, Monty who I absolutely adore. I am an extremely creative person so you’ll always find me working on a DIY project in my spare time.

I’m currently working on a blog called “The Lone Arranger” which showcases a little of my floristry and photography skills. I guess you could say I’m a true Melbournian because I love my food and travel and I’m always looking for a new favourite restaurant! I also love my AFL and I have followed the Richmond Tigers since I was little. It’s been rough but I’m loyal!

I decided to take the plunge by moving into the finance industry after a 10 year stint in various hospitality roles, the most recent being an Event Sales Executive for Park Hyatt Melbourne. My financial career began in 2012 with Bank of Melbourne as a Personal Banker and I haven’t looked back since...what a great industry!

My new role with WECU has been fantastic so far and everyone has been a great support. I am really looking forward to bringing all my skills and experience into play and creating new and exciting ways to grow our business and It’s people.

Take out a new or renew your existing QBE MemberCare Home or Motor Policy before 31st December 2014 and go in the draw for your chance to win $10,000!Plus you’ll also qualify for our MemberCare Rewards program* by registering at qbe.com.au/membercare

Disclaimer: Terms and Conditions apply. Before making a decision about your insurance needs, please refer to the Product Disclosure Statement available from your local financial institution. Issued and promoted by QBE Insurance (Australia) Limited ABN 78 003 191 035 AFS 239545. Competition authorised under NSW Permit Number LTPS/14/03559 ACT Permit Number 14/01732 SA Licence Number T14/815 VIC Permit Number 14/4138. Full competition terms and conditions available from qbe.com.au/membercare

* Register for QBE MemberCare Rewards within 3 months of renewal/purchase to qualify. Offer available to Australian Residents 18+. Restrictions apply and are available at qbe.com.au/membercare

WIN $10,000!

J5369

Introducing New Staff Member

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CREDIT CARD NIL INTEREST BALANCE TRANSFER PRODUCT• Enjoy NIL interest against your transferred balance for the first 6 months.

• This NIL transfer can be against New Credit Card Limits or existing Card Limits.

• The NIL interest is only against the transferred amount for the set period.

• After the NIL interest set period the current interest rate on the Card Limit would apply.

• This is a great way to consolidate your Card Debts and pay no interest for 6 months.

Conditions apply – soon to be available.                      

MORTGAGE LOAN OFFSET FACILITY• This 100% Mortgage Offset Facility will be available to new and existing Residential Mortgage Loan

borrowers on application.

• A dedicated Savings Account balance will be linked to the Mortgage Loan balance and offset on a daily basis.

• Deposit credit interest is forfeited when an offset Savings account is linked to a Loan.

• Once offset occurs each day the remaining Loan balance is then charged interest therefore reducing interest cost and also reducing the balance of the Loan at a quicker rate with the normal monthly repayment.

• Our Mortgage Offset Account can be accessed 24 x 7 through our secure Internet Banking facility.

• For the funds to be offset against your Home Loan, a minimum balance of $10,000 must be maintained in the Savings Account.

Conditions apply – soon to be available.                 

BOOST YOUR SAVINGS WITH A SAVINGS OR INVESTMENT ACCOUNT• NetPlus - online savings account

• Goal and SaverPlus - general savings account

• Term investments - terms between 3 mths and 2 yrs

CONSOLIDATION LOANS – ONE LOAN, ONE EASY REPAYMENT• This is your chance to stop hiding from the arrival of those Credit Card, Loan and Store card bills every month.

• Take out a Personal Loan with WECU to consolidate those debts today and no longer fear that daily trip to the letter box.

• A personal Loan can be really useful for consolidating high interest debts like Credit Cards and Store Card balances.

• Along with the potential to lower your interest rate substantially you’ll end up with only ONE monthly repayment.

• There are no ongoing fees and you can make lump sum payments at any time without penalty.

• Have your repayments credited directly from your pay to your loan weekly, fortnightly or monthly. Conditions apply – available now.

C o n g r a t u l a t i o n s ! General Manager Steve Sampson congratulating Board Chairman Tony Parle on his 20 years as a Director of WECU.

There is only a one in 10,000 chance of someone guessing your

Australia is moving toward replacing signature with PIN only purchases because using your PIN for credit and debit card purchases is safer than signing. There is only a one in ten thousand chance of someone guessing your PIN, while your signature is there for all to see, but only you know your PIN.

So instead of signing be PIN wise.

For purchases under $100 use the quick and convenient Tap option if available.

Make the switch to PIN today.

If you know your PIN you can change it at any rediATM that displays the “change PIN” option.

If you don’t know your PIN you can get a new PIN by calling us on 1300 665 553 or calling into one of our offices.

If you are already using your PIN nothing will change.

To learn more visit pinwise.com.au

Woolworths Employees’ Credit Union Limited ABN 37 087 651 803 Australian Credit Licence 240720 is the issuer of these products. *Information provided by PinWise an industry initiative. PinWise is an industry initiative brought to you by Australia’s major financial institutions and the international card payment schemes.

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Internationally Shopping Shopping InternationallyBUYBYE

For a chance to win our weekly prize of $1,000 and our major prize of $10,000, simply use your Cash Passport™ for any international transaction between 1 June and 31 August 2014 and you will be automatically entered into the draw*.

Weekly and Major prize winners to be advised at: www.cashpassport.com.au/promotions

• The prize money will be credited to the winner’s Cash Passport in AUD• Entry is open to all residents of Australia who hold a Cash Passport• Entry transactions also include initial Cash Passport purchases and in-store & online reloads

*Terms and Conditions apply. Please see full Terms and Conditions at www.cashpassport.com.au/promotions. Access Prepaid Australia Pty Ltd (ABN 47 145 452 044, AFSL 386 837) arranges for the issue of the Cash Passport in conjunction with the issuer, Heritage Bank Limited (ABN 32 087 652 024, AFSL/ACL 240 984). You should consider the Product Disclosure Statement for the relevant Cash Passport available at www.cashpassport.com before deciding to acquire the product. Any advice does not take into account your personal needs, financial circumstances or objectives and you should consider if it is appropriate for you. MasterCard® and the MasterCard Brand Mark are registered trademarks of MasterCard International Incorporated. Authorised under permit numbers: NSW: LTPS/14/01555, ACT: TP 14/00761, VIC: 14/3592, SA: T14/366

For more information visit: www.cashpassport.com.au/promotions

With over $20,000 of prizes to be won, you’ll get more at the check-in or at the checkout thanks to Cash Passport™

Internationally Shopping Shopping InternationallyBUYBYE

For a chance to win our weekly prize of $1,000 and our major prize of $10,000, simply use your Cash Passport™ for any international transaction between 1 June and 31 August 2014 and you will be automatically entered into the draw*.

Weekly and Major prize winners to be advised at: www.cashpassport.com.au/promotions

• The prize money will be credited to the winner’s Cash Passport in AUD• Entry is open to all residents of Australia who hold a Cash Passport• Entry transactions also include initial Cash Passport purchases and in-store & online reloads

*Terms and Conditions apply. Please see full Terms and Conditions at www.cashpassport.com.au/promotions. Access Prepaid Australia Pty Ltd (ABN 47 145 452 044, AFSL 386 837) arranges for the issue of the Cash Passport in conjunction with the issuer, Heritage Bank Limited (ABN 32 087 652 024, AFSL/ACL 240 984). You should consider the Product Disclosure Statement for the relevant Cash Passport available at www.cashpassport.com before deciding to acquire the product. Any advice does not take into account your personal needs, financial circumstances or objectives and you should consider if it is appropriate for you. MasterCard® and the MasterCard Brand Mark are registered trademarks of MasterCard International Incorporated. Authorised under permit numbers: NSW: LTPS/14/01555, ACT: TP 14/00761, VIC: 14/3592, SA: T14/366

For more information visit: www.cashpassport.com.au/promotions

With over $20,000 of prizes to be won, you’ll get more at the check-in or at the checkout thanks to Cash Passport™

I. Term

*Terms and Conditions apply. Please see full Terms and Conditions at www.cashpassport.com.au/promotions. Access Prepaid Australia Pty Ltd (ABN 47 145 452 044, AFSL 386 837) arranges for the issue of the Cash Passport in conjunction with the issuer, Heritage Bank Limited (ABN 32 087 652 024, AFSL/ACL 240 984). You should consider the Product Disclosure Statement for the relevant Cash Passport available at www.cashpassport.com before deciding to acquire the product. Any advice does not take into account your personal needs, .nancial circumstances or objectives and you should consider if it is appropriate for you. MasterCard® and the MasterCard Brand Mark are registered trademarks of MasterCard International Incorporated. Authorised under permit numbers: NSW: LTPS/14/01555, ACT: TP 14/00761, VIC: 14/3592, SA: T14/366

NOTICE OF 2014 ANNUAL GENERAL MEETINGNotice is hereby given that the 43rd Annual General Meeting for 2014 of Woolworths Employees’ Credit Union Limited ( ABN : 67 087 651 803 , AFSL & Australian Credit Licence No.240720 ) will be held at 5.30 pm on Wednesday 19

NSW and Gepps Cross SA. AGENDA ITEMS• Welcome and opening by the Chair of the Board• Apologies• Table the Minutes of the 42nd Annual General Meeting held on 20 November 2013• Receive the Credit Union’s Annual Report containing the Chairman’s Report, Directors’ Report, Directors’ Declaration,

30 June 2014• Appointment of Directors• To consider other business items• To close the meetingProxy Voting :You can appoint a proxy to attend and vote on your behalf. Your proxy does not have to be a member of the Credit Union. You can obtain an Appointment of Proxy Form by contacting the Credit Union on 1300 665 553 or accessing the document from the Credit Union’s website at “www.wecu.com.au”. To be valid, the Proxy Form must reach the Credit Union no later than 48 hours before the start of the Annual General Meeting. You can lodge your proxy by :• • • Internet : Members with internet access can visit our website at “www.wecu.com.au”.Further AGM Notice Information:For further AGM Notice information, please refer to our website at “www.wecu.com.au”.By order of the Board of Directors, 25 June 2014 Steve SampsonCompany Secretary

CALL FOR DIRECTOR NOMINATIONSMembers are reminded that nominations are being called for the election of three Directors to the Board of Woolworths Employees’ Credit Union Limited at its 2014 AGM. In accordance with the Credit Union’s Constitution, three Directors are due to retire by rotation. Each retiring Director is eligible for renomination.

• Karen Ware • Anthony Wilson • Peter King

propriety criteria as set down by the Australian Prudential Regulation Authority ( APRA ). Should the number of successful nominations exceed the number of vacancy positions, a ballot will be conducted and the result announced at the AGM on Wednesday, 19 November 2014.

1300 665 553 and must be lodged with the Company Secretary at the Credit Union’s address : 522-550 Wellington Road, Mulgrave, Vic 3170 no later than 5.00 pm on Wednesday 15 October 2014.For further Director Nomination information, please refer to our website at : “www.wecu.com.au”.By order of the Board of Directors, 25 June 2014Steve SampsonCompany Secretary

SPECIAL NOTICE

WECU & Bridges would like to invite you to a Special Financial Planning Seminar on �ursday July 17 to be held at the Mulgrave Country Club starting at 5.00pm. Refreshments supplied as well as by attending you have the chance to win one of three $100 Wish Gift Cards. Please ring Mari-Jaine (MJ) on 03 9263 2538 by Friday July 11 to register your attendance.

1 Woolworths Way, Bella Vista NSW 2153Phone:1300665553Fax:0288850337

Phone: 1300 665 553 Website: www.wecu.com.au Woolworths Employees’ Credit Union Limited (ABN 67 087 651 803 AFS/Australian Credit Licence 240720)

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522-550 Wellington Road, Mulgrave VIC 3170Phone:1300665553Fax:0392632866