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December Update from our Chief Executive

1 Dec 2014

These members between them saved nearly $1.8 million - at an average of just under $900 per member -what a great help for Christmas!

In this issue of Bluenotes you will see an article outlining our new financial literacy section on our website - Be SMART. I would encourage you all to have a look at this section. The calculators are particularly interesting and certainly worthwhile taking any children or teenagers through.

I am delighted to announce the Police and Families Credit Union Scholarship Programme. We want to award scholarships of up to $1,000 to at least 20 members in January 2015. Scholarships are open to all members and potential members of our Credit Union. Full details of the Scholarship Programme can be found on page 3. Applications must reach us on or before Friday 9 January 2015.

As I have said many times, all that we do must be for the betterment of our members. This also includes complying with a myriad of existing and new legislation and regulations. I am very pleased to confirm that your Credit Union has been granted a licence by the Reserve Bank of New Zealand under the new Non-bank Deposit Takers (NBDT) Act. As part of the licensing process, the Reserve Bank assessed our ability to comply with the requirements of the NBDT Act along with assessing the suitability of directors, trustees and senior officers of our Credit Union.

Thanks to you all for your support during 2014. It has been a great year for your Credit Union and we are all geared up for a wonderful 2015. As always, if you have any feedback, please contact me direct on 04 471 4850 or email helen.hatchard@policecu.org.nz.

May you have a wonderful Christmas break and a very happy New Year.

Kind regards

Helen