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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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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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Fond Farewells

This year we were sad to say farewell and good luck to long standing board member Kieran Greene.

Kieran has been a member of LCU since 1975, an associate director since 1997, director since 2000 and Chairman from 2006 to 2009. That means that upon retiring at the end of 2017, Kieren had been serving on the board of LCU for a total of 20 years.

Over these two decades Kieran modelled many behaviours that define the qualities LCU value in our board, management and staff. A farewell dinner was held for Kieren giving an opportunity for everyone to express their sentiments, Scott Martin (current Chairman) had this to say:

“Each of us has a place inside of us, whose singular purpose is to overlook our lives and, when it witnesses excellence in others, to generate gratitude. I'm going to invent it now: the GRATUITARY gland. In most people it's about the size of a hazelnut, but Kieran's is colossal! 

Kieran's signature move is interjecting just as we are about to move to the next agenda item and delivering a heartfelt vote of thanks to the people involved in the preceding item - be they board member, management or staff.

Not only is it heartfelt, but it is always specific in describing how their actions have created benefit and positive impact. Without him on the board we must be collectively mindful that we emulate Kieran's gratitude and continue to always remember to pause for Kieran interventions.”


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Easter Opening Hours
Thursday 29 March 2018 Open 9am - 4.30pm
Friday 30 March 2018 Closed
Saturday 31 March 2018 Closed
Sunday 1st April 2018 Closed
Monday 2nd April 2018 Closed
Tuesday 3rd April 2018 Open 9am - 4.30pm

Lindfield office unaffected

EFT and BPAY cut off for Easter 2018

If you wish for a payment to arrive before the Easter Public Holidays, it will need to be sent by Wednesday 28th March, cut off time is 4 PM for external funds transfers and BPAYs.

Payments will be processed again on Tuesday 3rd April.

Hello Osko

LCU successfully launched Osko payments last week. Easter is the perfect time to try out this 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 Easter from the LCU team!


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Mobile Banking Guide to Osko

How to receive payments with Osko

This is what you'll need to do to start using Osko today.

  • Log in to your Mobile Banking from an android or iOS device
  • Go to More in the menu bar along the top
  • Go to PayID and then tap Create PayID
  • Select a contact and choose which account you'd like to link it to (tap the "Update" link if you need to add a new mobile number or email address)
  • Tap Next then Get SMS/Get Email and enter the Verification Code sent to the contact you selected
  • Read the Terms & Conditions then tick the checkbox and click Next

You are now ready to start receiving payments with Osko.

Next time someone asks for your account details you can give them the PayID you have just registered (As long as the financial institution they are using offers Osko too). When they make a transfer to you, you'll see the funds arrive in your account seconds after they click confirm (even on the weekends!)  

If you are a business account holder and wish to register an ABN or Organisation ID please contact us as we will need to set it up for you. 

How to send payments with Osko

When you next tap on Payments, you'll notice a new icon in the menu called New Payments Platform.

Choose your transfer from account, then tap New Payee.

You'll now be given a choice of Transfer method. Upon selecting one of the transfer method options and entering a valid PayID, once you tap away from the field, the name of the person or company will be shown below it. In the example below, after entering Eileen's email you can see her PayID Name. This allows you to confirm that the PayID belongs to the person or business you intend to transfer funds to. 

From there the options are identical to what they were previously, you still have the ability to schedule future-dated, as well as recurring payments. The reference on your statement is still limited to 35 characters but the Message to Payee now allows up to 280 characters. 

You'll notice a new line showing the "Remaining daily limit". The Osko daily limit is $200.00. To request an increased limit, please contact LCU (you must have SMS One-Time-Password Security active on your internet banking).  

Once you tap next, confirm the details of the transfer and finalise it, the funds will be in the recipient's account moments later. 

Fun Facts

  • You may be able to send an OSKO payment using a BSB and account number IF the payee's Financial Institution offers Osko and has the required setup
  • In fact, payments coming from other financial institutions sent via Osko with a BSB and account number will arrive in your account immediately. That's because LCU has the Osko infrastructure, you don't have to do anything to benefit from Osko today!

Related Information

As always, if you have any queries please contact us on (02) 9859 0585, on info@lcu.com.au or you can complete our online enquiry form


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