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The Annual General Meeting of Goulburn Murray Credit Union Co-Operative Limited (GMCU) will be held on 27 November 2024 commencing at 7:30 pm.  The meeting will be conducted as a hybrid meeting at the Museum of Vehicle Evolution (MOVE), 7723 Goulburn Valley Highway Shepparton and will include an opportunity to vote, comment and ask questions. Information about participating virtually is available here.  Agenda 1. To receive the Financial Report, Directors’ Report and Auditor’s Report for the year ended 30 June 2024. 2. To consider, and if thought fit, to pass the following as separate resolution       2.1      That John Calleja be appointed as a director.       Note: Director John Calleja retires by rotation this year, is eligible for re-election without nomination and has signified the intention to stand for election. 3. To consider, and if thought fit, to pass the following resolution: That, for the purposes of Constitution rule 17.1, the maximum aggregate directors’ remuneration be set at $241,885 PLUS super guarantee per year, commencing from 1 July 2024, and that, for the avoidance of doubt, the Credit Union may pay from the aggregate annual amount, remuneration to a person for services provided as a director at any time on or after 1 July 2024. 4. To consider and, if thought fit, to pass the following resolution as a special resolution: That: The Credit Union’s Constitution be amended as marked-up in the copy of the Constitution which is tabled at the Meeting and signed by the Chair of the Meeting for the purposes of identification. Note: Proposed amendments to the Credit Unions Constitution are described below, and a copy of the Constitution marked up with the proposed amendments is available for download at the bottom of this page. Copies will also be available for view at the Annual General Meeting. By Order of the Board of Directors              Hayley Collins, Returning Officer Proxies You can vote on these resolutions by proxy. Your proxy does not have to be a member of the Credit Union. An Appointment of Proxy form is available here.  For your appointment to be valid, the completed Appointment of Proxy form must reach Goulburn Murray Credit Union Co-operative Limited by no later than 7:30 pm on 25 November 2024. Explanatory Notes Agenda Item 4: This special resolution will amend the Credit Union’s Constitution to:  Allow the Board to set the number of elected directors Currently the Credit Union must have 7 directors elected by members.  To provide greater flexibility, the Constitution will be amended to allow the Board to set the number of elected directors (which will be defined as comprising directors appointed by members or appointed by the Board to fill a casual vacancy) from time to time.  The Board’s existing authority to appoint up to 2 additional directors will remain (subject to the limit on term described below).  However, the Constitution will now require that the majority of directors be elected directors.  Consequential changes will be made to: clarify that the Board’s power to fill casual vacancies only applies to vacancies in the number of elected directors (the Board’s authority to appoint up to 2 additional directors is a separate power), amend the director retirement rotation provisions, which seek to even out the number of director retirements over a 3-year cycle, to allow for Board determined changes to the number of elected directors. Limit term of Board appointed directors to 3 years The Constitution does not impose any limit on the term of office that the Board can appoint a director for, under its general power to appoint up to 2 directors.  The amendments will cap the term to no more than 3 years.  The Board may still choose to reappoint a person as director after their term ends.  Allow call of nominations by advertisement on the Credit Union’s website The Constitution allows the Board to call for nominations for election as director by individual notice to members, or by advertisement in newspapers or at the Credit Union’s offices.  The amendments will add advertisement on the Credit Union’s website as another option sufficient for calling for nominations. Remove requirement to notify proposers if nomination is rejected If a nominee for director is rejected for any reason, the Constitution requires the returning office to notify the nominee, the Board and the 2 proposing members who nominated the nominee, about the rejection.  The requirement to notify the 2 proposing members will be removed. Clarify that information about discontinuation of the election be included in or with the Notice of AGM If the number of candidates for election as director is equal to or less than the number of vacancies to fill, then the election is discontinued, and members will vote to appoint each candidate by separate resolution.  The Constitution currently requires that a notice including information about this be given to each member to whom Notice of AGM is to be given.  This will be modified so that this information needs to be included in or with the Notice of AGM.  This is to ensure that this information only needs to be provided as and when, and by such means, as the Notice of AGM is given or made available. This special resolution requires approval by at least 75% of votes cast by members to pass. Your directors unanimously support this special resolution and recommend that you vote FOR it. Related meeting documents can be downloaded by clicking on the links below:   2024 Notice of Annual General Meeting 2024 Proposed Amendments to the GMCU Constitution 2024 Annual Report 2024 Proxy Nomination Form Virtual Meeting Guide - Vero Voting Quick Reference Guide

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).