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Call for Nominations The Annual General Meeting of Goulburn Murray Credit Union Co-Operative Limited (GMCU) will be held on 27 November 2024, with an option to attend electronically. Virtual attendance will include opportunity to vote, comment and ask questions. GMCU will make information available about how to use this technology before the meeting.   Election of Directors  An election of directors is required in conjunction with the Annual General Meeting.  Nominations In accordance with the Credit Union’s Rule A4-2, nominations are now invited from members for the position of director. Nomination forms are available by contacting the Returning Officer at the Credit Union’s Head Office. Nominations must be signed by two (2) members as nominators and must be signed by the nominee consenting to the nomination, together with a declaration as to his or her eligibility to be a director in accordance with the Credit Union’s Rule 13.2. Nominees are required to complete all forms necessary to allow testing under APRA’s Fit & Proper guidelines. GMCU operates a skills-based Board and is seeking candidates with skills in Strategy, Marketing and Engagement and Regional Leadership. Nominations will be considered in this context. Successful nominations are eligible to stand for election at the Annual General Meeting.   You cannot be a director of GMCU if you have been convicted of a disqualifying offence as set out in s20 of the Banking Act 1959. To check whether a person has been convicted of a disqualifying offence GMCU will conduct a criminal history check on all candidates with the Australian Federal Police, together with a bankruptcy check and register checks with Australian Prudential Regulation Authority (APRA) and Australian Securities and Investment Commission (ASIC). Nominations and Consents must be lodged at a Branch of the Credit Union by 5.00 pm on Tuesday 22 October 2024.  Ballot If a ballot is necessary to decide the election, the order in which the candidates appear on the ballot paper is to be determined by the returning officer. The ballot will be held at the Annual General Meeting.    Hayley Collins Returning Officer

Welcome to our refreshed GMCU website.   Our new and improved website experience is easy to navigate, making it simple to understand and manage your banking, loans and insurance with us.   Our web address (URL) remains the same – www.gmcu.com.au - and internet banking is still accessible via the Login button in the top right corner.     We’ve been laying the foundations for a seamless digital banking experience.    We’ve been focused on rolling out a range of improvements when it comes to all things digital at GMCU – including our recent upgrades to both Internet Banking and our Mobile App.   Keep a look out for clever new tools, features and services across our website, app and internet banking soon. We love your feedback – contact us to send it through.  

Our Internet Banking has a new look! The GMCU Internet Banking platform has been upgraded - giving our members a modern, intuitive, and easy-to-navigate online banking experience. The upgrade continues to provide us with safe and secure digital banking in  the back end, while also  allowing us to roll out new features and services to you quickly and easily in the future. What’s changing? Nothing for now. Just a great new facelift to the GMCU Internet Banking platform that you’re familiar with. Keep a look out for new features and services soon.   What do I need to do? Nothing! Simply login to Internet Banking via gmcu.com.au as you normally would, using your member number and password. And remember, to keep safe when banking online – only login via our website (gmcu.com.au)   Creating a great digital banking experience for our members We’ve been focused on rolling out a range of improvements when it comes to all things digital at GMCU, including a new and improved website and the recent upgrades to our mobile app.    Where can I go for help? This version of Internet Banking is extremely intuitive. Within a few clicks, you should be able to find what you need. If you have any questions or concerns, please call us on 1800 MY GMCU (1800 694 628), send us an email (info@gmcu.com.au) or drop in to any of our branches.  

Buying a new home is exciting But to make sure you are making the best decision, you need to be sensible and do your homework ahead of putting in your offer. With this in mind, below are five tips to help you secure your dream home, or investment property with confidence:   1. Ensure you know what you are getting yourself into. Take your time with this process; once you have settled on a property, there’s no turning back. It’s essential for you to know what you are buying and to be aware of any issues that may arise. Building reports: a written account of the property's conditions. Building reports can be helpful to negotiate a lower price if there is damage that will need to be fixed. Pest inspections: Thorough visual inspection of the roof void, subfloor, and external buildings and gardens for any pests. Pest inspections are important as they can prevent many expensive damages that may occur after purchase. Strata report: If you are looking to buy an apartment, unit, or townhouse, the strata report covers all the aspects involved in running and maintaining a block of properties and all the common areas that go with them.   2. Scout the neighbourhood. This can be easily done by taking a walk around the area, checking out the local coffee shop, and getting a sense of the community.   3. Make sure you understand what the future holds in the local area. Check with local councils for any new infrastructure impacting your property. Your local council will be able to tell you about the zoning for your property and if there are any new developments planned.   4. Do all costs fit into your budget? Buying a property involves a lot more than just the purchase price. You need to consider the following figures in your budget. Stamp duty Conveyancing fees Mortgage Insurance Building insurance Moving costs Strata fees Ongoing mortgage repayments   5. Find the best home loan value. You can choose with a Fixed or Variable interest rate home loan that will allow you to be comfortable in your property purchase. Fixed Rate A fixed interest rate loan is a loan where the interest rate on the loan remains the same for the life of the loan. Variable Rate A variable interest rate loan is a loan where the interest charged on the outstanding balance fluctuates based on an underlying benchmark or index that periodically changes. Whether you choose to fix your home loan, or prefer a variable option it is really down to personal preference and your financial circumstances.   Our local Lending Specialists can talk you through the right information, to find the right product for you. Talk to us today.

Buying a house is exciting and life changing. It all starts with saving for the deposit. Set a clear goal. Ensure you’re clear on the type of property you’d like to be buy, with a clear idea of what you want. Consider some of the following: Ideal locations and distance to work. The type of home (e.g. stand-alone, townhouse or apartment). The number of bedrooms. Whether you want to buy or build. Be sure to understand what are non-negotiables and those areas you’re willing to compromise. Find your budget. It is a good idea to look at properties in the potential area you want to buy a house in. Once you have found a few properties that you are interested in and have a price-guide in mind, you will need to understand whether you can realistically afford the property. Deposit: A 20% deposit is ideal when purchasing a property. However, you may be able to buy with less. Borrowing: This is the time to talk to the GMCU team to assess your borrowing capacity, understanding how much you can borrow. Repayments: Consider the GMCU Home Loan Repayment Calculator to find out what your repayments could be. Save the deposit Now that you have a good idea of how much you need for a deposit, you can put a savings plan in place. If you are buying a house with someone else, make a savings plan together. Automating your Savings, with set-up transfers allow you to 'set and forget'. You can grow your savings without having to worry about transferring money each pay. Our local Lending Specialists can help you understand how much you’ll need for a deposit, and assist with achieving your savings goals. Talk to us today.

Did you know you can send money from your bank account to an overseas bank account with GMCU’s International Payments Service? You can send money to over 200 countries and territories in over 130 currencies. Benefits: Funds are generally credited within 2-3 business days No surprise overseas bank fees** Cost-effective; you can potentially save money by sending in the beneficiary’s local currency** What you need to send money overseas? You will need to provide your beneficiary's full name and details of the beneficiary’s bank account, including their ^IBAN (International Bank Account Number) if they are in Europe. Our local team are here to help. If you need assistance sending money overseas, we’re a phone call away. **You must provide the beneficiary’s full street address to comply with Australian Government regulations. Include the beneficiary bank’s code (sort code, SWIFT address, or routing number).