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The Effect of APRA's Recent Lending Measures on Investor Finance

Property Investment
This year has seen significant change in the finance industry, particularly around regulation of interest-only and investment property loans. On 31st March, the Australian Prudential Regulation Authority (APRA) implemented new measures to "reinforce sound residential mortgage lending practices in an environment of heightened risks." These changes t...
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SCCU wins Business Excellence Award for Second Year Running

SCCU Awarded Northern Rivers Business Excellence Award
A big thank you goes out to our entire SCCU family as we took out the Excellence in Professional Services Award at the Northern Rivers Business Excellence Awards for the second year running. CEO Stuart Edwards said "Receiving the awards was acknowledgement of our teams' hard work, dedication and commitment to providing professional and ex...
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Nominations Called for SCCU Directors

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Nominations have been called for positions on the SCCU Board of Directors. In accordance with the Credit Union Constitution, Ms Belinda Henry and Mr Alvaro Lozano are due to retire as Directors at the end of the Annual General Meeting of the Credit Union.  This will be held on Tuesday the 28th November 2017 at the Southern Cross Credit Un...
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What's Your Credit Score?

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Your Credit Score can sometimes be the difference between moving into your dream home and living in a crummy rental for eternity. But do any of us really know what a Credit Score is or what it means?  So, this week I applied for a new credit card. Going through the application process and awaiting the outcome, it prompted me to ask myself, wha...
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Jump on Board the Credit Union Movement!

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Does your financial institution really have your best interest at heart? If you get passed from person-to-person a lot, are not provided with clear explanations of important information or your institution invests in projects that harm the environment, then the answer is Probably Not! Look, this can be an undesirable part of the finance industry bu...
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New Financial Service Centre Puts People First

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Following a successful period of growth and expansion and the opening of its Corporate Service Centre in Kingscliff, Southern Cross Credit Union will soon open the first of their new Financial Service Centres in Tweed City. The opening continues their strategic investment in service channels to meet the changing needs of customers and the community...
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NSW Budget Provides Some Relief for Home Buyers

Block of Flats
NSW Treasurer Dominic Perrottet has unveiled a budget "that builds for the next generation" in his budget speech on 20 June 2017.This year's budget is said to prioritise investment in the "trifecta" of infrastructure, healthcare and hospitals, as well as education, however, a review of the budgeted spending shows that infrastructure is the key focu...
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Travel Money – What are My Options?

Travel Map and Equipment
Security. Accessibility. Exchange rates. Hidden costs!  These are all things we worry about when considering how to pay for expenses when travelling overseas. Whether you are a first time traveller or a seasoned nomad, assessing the options available before setting foot on the plane can make a big difference to your travel experience. As with ...
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$1.1 Billion in Forgotten Money

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Forgotten about that old bank account? "There are more than a million records of unclaimed money from dormant bank accounts, life insurance, shares and other investments waiting to be claimed and we're keen to reunite people with their money" Peter Kell, Deputy Chairman of ASIC In April,  The Australian Securities and Investments Commissi...
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