6pm, Monday 26 August 2019
Havelock North Function Centre, 30 Te Mata Road, Havelock North
Business of the evening will include:
Refreshments to follow.
Special Meeting Documents
It’s been over three months since we merged into one entity and while this is just the beginning, I’m really proud of what we’ve already achieved over this short time. I’m particularly proud of our branch and support teams who, no matter where in NZ they are or which credit union they transferred over from, are reaching out and getting to know their new team mates and embracing the changes rolling at them. The way our teams and customer-owners have managed this period of significant change is both humbling and impressive, you are all the true stars of this show and we are forever grateful.
We still have a lot of work to complete in order to roll out integrated channels, products and services; as we work towards our goal of providing a consistent and higher standard of service to all 64,000 customer-owners. There are some big projects on the horizon to bring systems into line and update technology. We have some significant goals to hit and we’ll be sure to keep you updated with our progress along the way.
We’re heading towards another milestone under our new entity as we invite all customer-owners to have their say at our next Special Meeting on 26 August 2019. Amendments to the Friendly Societies and Credit Unions Act 1982 (“FSCU Act”) mean that credit unions need to apply for incorporation and update their Rules. The information enclosed explains the resolutions you are able to vote on. The proposed replacement Rules encompasses three key changes 1) compliance with the FSCU Act, 2) the ability to consider lending to certain entities, including some companies partly or fully-owned by our customer-owners, and 3) other new terms to improve business processes and provide clarity to the Rules. Lending to entities will provide an opportunity for us to support more of our customer-owners with their financial goals. We will be conducting due diligence to first ensure that this new direction is in the best interests of our customer-owners.
All customer-owners are invited to attend our upcoming Special Meeting on Monday 26 August 2019, where we will discuss the detail of the proposed Rule changes. This will give you an opportunity to interact with your Board, management team and staff.
We’re pleased to announce that it’s now even easier for all customer-owners to have their say and submit their votes. Our friends from NZCU South have been using e-voting for a while, however this may be a new process for a lot of you and we understand it might take a bit of getting used to. We’re here to support you through this process and our teams are ready and waiting to assist. Please contact your local branch or call 0800 229 943 if you have any questions.
Thank you for your ongoing support and loyalty of Credit Union Baywide (trading as NZCU Baywide, NZCU Central, NZCU South and ACU), we’re so pleased to have you on-board.