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August update from our CEO

19 Sep 2016

Our world continues to develop, change, evolve and sometimes even revert back to a previous state faster than it has ever done before. In July alone we have seen the Brits deciding to exit the European Union, the Americans continuing to kill each other through mass shootings, 6 of the 12 candidates for the next Secretary General of the United Nations are women and of course the latest augmented reality game “Pokemon Go” taking the world (or at least some of it) by storm with people of all ages racing around with their phones trying to catch Pokemon.

Here in New Zealand we continue to see house prices increasing in Auckland and now across some other areas. We are hearing constantly in the media about the unaffordability of owning your own home anywhere in New Zealand. Of course some of this is being overplayed, however as with all things, the more it is said, the more we hear it, the more we believe it to be true (even if it’s not). The Reserve Bank has indicated that it will extend and perhaps even develop more prudential instruments in an attempt to quell the property market, however these may be slower to be implemented than our politicians would like and of course may not be the “silver bullet” that those potential first home buyers want.

With all that is going on, members should take comfort that their Credit Union remains stable and focussed on doing what’s right for our members. To this end, we continue to develop different ways you can connect and interact with us – particularly in this technology driven age. We are very pleased to have launched the option for new members to join us “online” through a simple and quick process. We have also given our members the ability to apply for a loan via your smart phone, tablet or computer. And we are investigating with our core banking supplier, the ability to access statements and manage term deposits online.

As always, if you have any feedback, please contact me directly on 04 471 4850 or email helen.hatchard@policecu.org.nz.

Take care

Helen