Make the most of your tax deductions and strategies

Written by Tahlia Johnson

Now’s the time to put in place the strategies that could save you paying more tax than you need to. Bridges, our financial planning partner, provides their tax tips and a tax return checklist here.

RBA Rate Reduction

Written by Tahlia Johnson

SWSCU is very pleased to be in a position to pass on the full 25 basis point rate reduction to its Owner Occupied Housing Loans Standard Variable Rate. This will take effect from 1 July 2019 on all eligible loans.

Should you have any questions in regards to this rate reduction, please contact our Loans Staff on 02 6384 1111.

Notice to members regarding RediATMs

Written by Tahlia Johnson

Changes to ATM scheme

Written by Tahlia Johnson

Changes to SWSCU ATM network

Where can I find a Fee-Free ATM?

SWSCU members can now make fee free withdrawals from over 10,000 ATM’s Australia wide operated by ANZ, CBA, NAB, Westpac and a number of smaller banks.

What is happening to rediATM’s?

The owner of the rediATM scheme is currently scaling back the number of rediATM machines it owns. It is anticipated that the rediATM network will drop to around only 1,000 rediATM’s Australia wide by mid 2019 as the rediATM scheme winds back.

What does this mean for SWSCU’s rediATM machines?

From March 2019 SWSCU will no longer be a part of the rediATM network and its ATM’s will be closed in all areas where members have access to a number of alternate fee free ATM’s. West Wyalong is the only SWSCU location where an ATM will remain in branch due to limited other fee free ATM options in that area; however this machine will no longer be a rediATM.

How can I be sure I won’t be charged a fee?

When using any ATM, if a fee is to be charged by the ATM owner the fee will be disclosed upfront allowing you the option not to proceed with the transaction.

Will my Visa Card still work at rediATM’s?

Yes, your card will still work in a rediATM; however you may be charged a transaction fee by the machine owner from March 2019.

How else can I access my cash?

As well as using one of the 10,000 plus fee free ATM’ s available to our members, SWSCU’s members can access their funds as always over the counter, or through eftpos terminals at a number of retailers.

Where can I change my PIN from March 2019?

Members can come into any branch to change their PIN. However it is anticipated that from June 2019 members will be able to change their PIN through their Internet banking and SWSCU’s App.