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Win your share of $30,000* worth of travel & travel goods!

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Written by Marketing

WIN your share of $30,000* worth of travel & travel goods!

Simply load or spend a minimum $100 AUD equivalent of foreign currency on to a new or existing Cash Passport™, and get a chance to win. Every $100 is another automatic chance to win* – so the more you load the more chances to win.

Here’s why you should take Cash Passport on your travels overseas:

  • Lock and load up to 11 currencies*
    Lock in exchange rates* and know exactly how much
    you have to spend
     
  • Accepted at millions of locations worldwide^
    Spend fluently wherever Mastercard is accepted instore, online and ATMs
     
  • Manage your account
    Track spend, reload or move money between currencies online, anywhere, anytime.
  • Free global Wi-Fi=
    Stay connected across a million Boingo hotspots
     
  • 24/7 global assistance
    Help is a call away whenever and wherever you are
     
  • Emergency cash access
    Our team is ready to replace your card or organise cash%

     

What you could WIN by loading Cash Passport:

  • 1 x Trip for 2 to Greek Islands with Exodus Travels, including flights
  • 2 x Return Economy Plus trip to NYC with United Airlines
  • 10 x Sennheiser – HD 4.50 BTNC Wireless Headphones
  • 5 x Olympus OM-D E-M10 Mark III Camera
  • 10 x Get Lost Magazine Annual subscription

Click here to find out more about the prizes.

Choose the smarter way to carry travel money. Get your card in store today. If you already have a Cash Passport, reload in store for your chance to win.

Disclaimers:
*Ends 30 September 2018. Customers are automatically entered into the draw upon every
increment of $100 AUD equivalent loaded or spent in foreign currency. Excludes ATM withdrawals.
Terms and Conditions apply visit cashpassport.com.au/win. Permit: NSW: LTPS/18/25982, ACT: TP
18/01268, SA: T18/1168.
Mastercard Prepaid Management Services Australia Pty Ltd (ABN 47 145 452 044, AFSL 386 837)
arranges for the issue of the Multi-currency Cash Passport™ (“Cash Passport”) and Cash Passport™
Platinum Mastercard® (“Cash Passport Platinum”) in conjunction with the issuer, Heritage Bank
Limited (ABN 32 087 652 024, AFSL 240 984). You should consider the Product Disclosure Statement
for the relevant Cash Passport facility available at www.cashpassport.com.au 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.


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International Transfer Promotion

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Written by Marketing

If you send money overseas between 23rd July & 31st August 2018 using your internet banking, LCU will waive the usual $25 online transaction fee. This offer is only applicable for transfers done via your convenient, secure MyViewpoint internet banking.

While you’re at it, why don't you take a peak at our brand new rate calculator? This tool will help you check the exchange rates for sending or receiving overseas payments.

Rate Calculator

Don't be daunted, international payments are really quite simple, if you need a hand getting started then check out our:

International Payments Guide

Offer ends 31st August 2018.

LCU and Western Union Business Solutions will not charge any fees in respect of transactions included in this promotional campaign however please note that some correspondent banks may levy fees or charges on the recipient of the funds (this is beyond our control).

  Terms & Conditions

 


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Notice of the 64th Annual General Meeting

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Written by Marketing

Notice of the 64th Annual General Meeting

When: Thursday 1st November 2018

Where: North Ryde Golf Club, Twin Road, North Ryde

Time: 6:00pm

All members are invited to attend the AGM. Dinner will be served at the conclusion of the meeting. A formal notice of the AGM and accompanying information regarding the agenda items will be sent to all Members in the October 2018 Newsletter. If you wish to stay for dinner please RSVP by the 19th of October 2018 for catering purposes.

Nominations

In accordance with the Constitution of LCU, nominations are invited and must be received in writing by the Secretary at 1 The Village, 3 Julius Avenue, North Ryde by midday on Friday 3rd August 2018 to allow sufficient time to conduct “fit and proper” tests of candidates as required by the APRA standard. These examinations include compulsory ASIC and Police checks of candidates.

To be a Director you must:

  • Be a current member of LCU;
  • Have never been convicted of an offence involving dishonest conduct;
  • Have never had a civil penalty order made against you;
  • Not be an undischarged bankrupt (i.e. an insolvent under administration);
  • Have appropriate skills to perform the duties of a Company Director; and
  • Be familiar with the requirements of the Constitution and Corporations Law.

A “Nomination Package” outlining the obligations of Directors will be available for those members interested in nominating. To obtain the Nomination Package please contact the secretary by emailing info@lcu.com.au or by calling 02 9859 0585. Nominations must be in writing and be signed by the nominator and seconder, and counter signed by the nominee.

L. Harris
Secretary
By Order of the Board
15 June 2017


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Downsizers Super Scheme

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Written by Marketing

Super opportunity for downsizers

After 1 July 2018, if you’re over 65 and sell your home, you can now put some of the money you receive into your super.

How does it work?

You can use the money from the sale of your house to make a ‘downsizer contribution’ to super of up to $300,000 or $600,000 for a couple.

Who is eligible?

You are eligible to take advantage of this scheme if you are aged 65 or over.

Unlike the non-concessional contributions, the good news is that you don’t need to be working and there are no age limits to making downsizer contributions. Also, the total super balance test of $1.6 million and the $100,000 non-concessional contributions cap restrictions don’t apply which makes it a great option if you want to contribute more to super and are currently ineligible because of these restrictions.

If you are considering selling your property and are interested in contributing to your super you should hold off selling until after 1 July 2018 as a property sold before this date is ineligible.

What types of properties are included?

The property must be located in Australia. It does not need to be your current home — it can be your, or your partner’s, former home as long as you or your partner have owned it for more than 10 years and lived in it at some point in your life. An investment property that neither of you have lived in is not eligible. But, the property does not need to be owned by both members of a couple for both of you to make a contribution of up to $300,000 to your super. Unfortunately, the sale proceeds from a houseboat, caravan or mobile home cannot be used.


 

For Tom and Hazel it’s time to downsize their $700,000 home to a smaller $500,000 home. After 1 July 2018, for the first time, they have the opportunity to boost their super with the remaining $200,000.

 

 

Note: If your family home is currently exempt from the Centrelink assets test and you sell it and put the money into super — your age pension entitlement could be affected.

For more information please contact us

Take the next step

To discuss your financial situation, make an appointment with a Bridges financial planner.

We have an established alliance with Bridges, to provide our customers with financial advice.

Bridges has been helping Australians with financial advice for 30 years. A Bridges financial planner will develop a plan specifically for you; one that’s tailored to your needs and circumstances to help you achieve your goals.

To make an appointment with a Bridges financial planner please contact us

The initial consultation is complimentary and obligation free.

Bridges Financial Services Pty Ltd (Bridges). ABN 60 003 474 977. ASX Participant. AFSL 240837. Part of the IOOF group

This is general advice only and has been prepared without taking into account your particular objectives, financial situation and needs. Before making an investment decision based on this information, you should assess your own circumstances or consult a financial planner or a registered tax agent. Examples are illustrative only. In referring customers to Bridges, Laboratories Credit Union Ltd does not accept responsibility for any acts, omissions or advice of Bridges and its authorised representatives.


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EFT and BPAY cut off for Queen's Birthday 2018

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Written by Marketing

EFT and BPAY cut off for Queen's Birthday 2018

If you wish for a payment to arrive before the Queen's Birthday Public Holiday, it will need to be sent by Thursday  7th June, cut off time is 4 PM for external funds transfers and BPAYs.

Payments will be processed again on Tuesday 12th June.

Hello Osko

A long weekend is the perfect time to try out Osko, the new platform where payments are processed in moments, 24/7. Yes, even on public holidays.

Over 1 million Australians have registered a PayID. Join them! Register yours today through MyViewpoint Internet Banking or Mobile Banking and you will be Ready to go Osko.

For instructions on how to register your PayID and start making payments via Osko, read our handy guide.

Happy Long Weekend from the LCU team!


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