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Big Changes to Super

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You may be aware that as of July 2017, there have been some big changes to Super. It’s important for you to understand what the new rules are and how they affect you.

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No cash rate cut for July 2017 from RBA

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As predicted by many, the Reserve Bank has left the official cash rate unchanged for the month of July 2017 at its first meeting of the new financial year. The cash rate was last moved back in August 2016, and has remained at its record low of 1.50% for the last 12 consecutive months. In his statement, RBA Governor Philip Lowe said while house prices were rising briskly in some markets, there were “some signs that these conditions are starting to ease”.

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General Managers Update

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I would like to take the opportunity to acknowledge one of our dedicated staff members who has recently retired. In May, Jenny Vote retired from her position as Member Service Officer to spend more time with her family in her new position as Nanny. Jenny has been a trusted and valued employee of LCU for nearly 17 years. While we will certainly be at a loss without her patience and exceptional member service skills, from everyone at LCU we wish her the very best in retirement.

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Welcome to the World

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Written by Nandana Guda


Enjoy No Sending Fee International Payments via Internet Banking until 31st March 2017**

“Since 2008 residents departing for international travel now exceed visitors to Australia.” – (Australia Post Travel Team, Article Published 22 August 2016.)

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LCU Tertiary Scholarship Winners

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Written by Deepthi Satheesan

Another Year of Outstanding Results From the LCU Tertiary Scholarship Recipients.

LCU would like to congratulate the recipients of the 2017 LCU Tertiary Scholarships. On Friday the 10th of February, LCU hosted the annual Luncheon to celebrate the impressive achievements of these students and had the privilege of meeting some of the recipients and their proud families.

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