News Category
Money Mule Awareness
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It's Money Mule Awareness Prevention Week! Read more: Money Mule Awareness 22 Nov 2019 - Changes to card transaction fees at some merchants
We have been notified that businesses within the Wesfarmers group have changed the way they process contactless transactions. This means that you could be charged fees for making contactless transactions (Tap and Go/ payWave). These businesses include Coles, Kmart, Target, Liquorland, Vintage Cellars, Bi-Lo, Officeworks.
When using your NICU Visa Debit card at these businesses, insert your card and select 'Credit' or 'Visa Debit' to ensure that it is a fee-free transaction. Savings Interest Rate Changes effective 1 Dec 2019
We advise there are interest rate changes to the following account types, effective 1 December 2019: Read more: Savings Interest Rate Changes effective 1 Dec 2019 6 Aug 2019 Watch out for myGov tax scams
Tax time is here, and we see a surge in scammers impersonating trusted brands like myGov or the Australian Taxation Office (ATO) to trick you into giving them money or personal details. Read the following government website article on what scams are about and how you can keep safe: https://www.staysmartonline.gov.au/alert-service/watch-out-mygov-tax-scams Using your 9 digit External Account Number to receive/debit funds
IMPORTANT NOTICE: due to changes with payments systems and software, your Member Number will shortly no longer be accepted when receiving or sending funds electronically. Instead you need to quote the 9 digit External Account Number that is linked to your account. Read more: Using your 9 digit External Account Number to receive/debit funds Cold Calling Scams - Be Aware
The Australian Securities & Investments Commission (ASIC) has received information concerning cold calling scams from a variety of unlicensed foreign entities. Please be aware of callers asking you to invest your money for 'quick returns' and ensure that you do not provide any personal financial information or agree to transfer any funds. If you have any concerns or further queries regarding these cold calling scams, please visit Money Smart or contact Northern Inland Credit Union on 02 6763 5111. RBA Rate - May 2019
RBA leaves cash rate on hold at 1.50 per centThe Reserve Bank of Australia (RBA) board has decided to keep rates on hold at 1.50 per cent for the 30th monthly meeting in a row in spite of the significant level of anticipation from the public that a cut could have been likely for May 2019. The record-low cash rate of 1.5 per cent has been at this level since the last move in August 2016, although money market traders do not expect it to stay there much longer. Winner of the 2019 Member Survey draw
Congratulations to our valued Member, Donna Jones, who has won the $1000 Prize for completing our Member Survey. Member Satisfaction Survey 2019
What is the purpose of the Member Survey?We're continually looking at ways to understand what is working for our Members and what needs to be improved. To do this, we are offering our Members the opportunity to provide feedback through our Member Survey from 18 February to 8 March 2019. RBA Rate February 2019
RBA keeps interest rate on holdFollowing its first monetary policy meeting of 2019, The Reserve Bank of Australia has left official interest rates on hold at 1.5 per cent due to numerous factors including low inflation and wage growth, and a slowing economy weigh. The rate has now been on hold at this current record low for 30 months straight, but financial markets are predicting the next rate move is more likely to be a cut than a hike as declining house prices impact on household spending. According to a poll of 28 experts and economists by comparison website Finder.com.au, only 40 per cent now believe the next move will be up, compared with about 80 per cent for the past two years. Page 4 of 7 |