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System Outage - Restored

Online Banking, Phone Banking and The Mac App have now been restored following yesterday's power outage. We will be monitoring these systems to ensure there are no further problems.

Read more: System Outage

 

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Samsung Pay is here

Exciting news! The Mac members can now use Samsung Pay.

Read more: Go Walletless with Samsung Pay

 

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The Mac will be Osko Ready

Soon, you will no longer need to worry about using a BSB and account number when transferring money to a friend or even paying a tradesman.  

Read more: The Mac will be Osko Ready

   

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Making your business banking easier

To make your business banking even easier, The Mac now supports Xero. You can receive live feeds from your Online Banking directly into Xero making it quick and simple to reconcile your accounts.

Read more: The Mac is now connected with Xero

 

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Notice to Members - Annual General Meeting 2016

Members are given notice that your Credit Union’s 45th Annual General Meeting will be held at Camden Civic Centre, Oxley Street, Camden on Tuesday 8th November 2016 commencing at 6:00pm.

Please RSVP for the AGM by calling 1300 622 278 or letting one of our friendly staff know on your next visit to one of our local branches.

Election of Directors 

In accordance with the Constitution of the Macarthur Credit Union Ltd the positions of two (2) Directors become vacant. One (1) retiring Director, namely Geoffrey D Ellis stands down and being eligible, offers himself for re-election. Additionally, Katie Palmer (currently Associate Director), Michael Allsop and Alistair McLean also offer themselves for election.

The Constitution requires that all persons nominated for appointment as a director pursuant to rule 13.3 be assessed by the Board Nominations Committee to determine their fitness and propriety to act as a director of the Macarthur Credit Union Ltd in accordance with the requirements of the Board’s Fit & Proper Policy. Once they have been assessed as having the appropriate fitness and propriety they become ‘candidates’ for appointment under the Constitution. In addition, the Australian Prudential Regulatory Authority (APRA), which regulates Banks, Building Societies and Credit Unions requires the Board, through the APRA Governance Standard CPS 510, to ensure that it maintains a sound governance framework. To achieve this Standard, the Macarthur Credit Union Ltd Board regularly reviews the composition of the Board to ensure an appropriate mix of skills, experience and knowledge to meet the good governance and strategic demands of The Mac.

The Board Nominations Committee has assessed all four candidates listed above as being fit and proper with the appropriate set of skills, experience and knowledge to act as a director of the Macarthur Credit Union Ltd.

As the number of candidates exceeds the number of positions to be filled, an election by secret ballot will be held as part of the AGM agenda.

View the 2016 Voting Procedures Pack

Get to know our candidates

  Katie Palmer
I am a passionate and energetic Finance Executive who holds a Bachelor of Commerce majoring in Accounting, and am a qualified member of the Institute of Chartered Accountants.

Currently, I am the CFO of Nepean Mining and Transport which is part of the privately owned Nepean Group, located in the Macarthur Area. With over 16 years’ experience in the manufacturing and project management sector, prior to Nepean, I worked as Financial Controller of CMI Electrical Products which is a division of CMI Limited.

I have diverse experience, commercial acumen and proven success in driving growth, leading business transformation in the highly competitive mining and manufacturing sector.

Being a strategic business partner in my current role at Nepean and my previous role at CMI, I have driven major change both strategically and operationally, and have achieved dramatic cost savings while transforming parts of the businesses to fit the current market. Along with improving business process, re-engineering inefficient companies & creating sustainable financial & operational models that were able to be integrated into a shared service environment.

I am a leader, who loves to build capability, thrives on challenges, is results driven, and works extremely well in a dynamic, fast paced and ever changing environment. I have experience in Mergers and Acquisitions, Financial Reporting, Auditing, Corporate Governance and Management.

I am a proud resident of the Macarthur Region and am involved in a number of community groups including holding the position of Treasurer of Camden Show.

  Michael Allsop
I was attracted to the opportunity to serve on the Board of The Mac in hearing that specific expertise in financial systems, payments technologies and digital marketing would be of value to the organisation during this time of change in the financial services sector. I am particularly drawn to being able to support the Mac's community model as a director with this diversity of background.

I have been a company director for over 10 years with a focus on community based organisations operating in high compliance environments. In these contexts, my role on the Board has been to stimulate sound strategic direction and operational initiatives and to help guide future capabilities and services attractive to the membership and staff. Board roles in community organisations also require detailed attention to financial sustainability, regulatory compliance, ethical dealings and community relationships. I enjoy serving in these capacities and in performing these duties in a team environment.

In an executive context I am a senior management consultant with international experience working with companies in developing their strategies, services and operational plans, and helping them deliver major business projects. I bring a combination of experiences in the financial sector, telecommunications and government, where my expertise in payments, digital services, customer service delivery and IT will be helpful to the Board and to the management of The Mac.

While I do not live in the Macarthur district, I look forward to engaging with staff and members on as many occasions as possible. On that note though, please forgive me in being unable to join you at the AGM this year due a long promised wedding anniversary trip with my wife.

I do look forward to being able to contribute to your future with The Mac.

  Alastair McLean
I am an experienced Treasurer with 15 years in senior roles in both banking and corporate treasuries in Australia and the United Kingdom. I currently work in my day-to-day role as Group Treasurer of Metcash Limited, an ASX 150 company.

If elected to be a non-executive director of The Mac I believe that I can benefit both the Credit Union and the Board through utilising the skills in risk management which I have learnt through my working career. In particular I can add expertise in interest rate risk management which, when managed well, allows The Mac to continue to offer competitive rates to its Members.

I also have experience in good corporate governance, insurance and mergers and acquisitions which I hope would complement existing expertise at the Board level.I believe that The Mac has benefitted from having prudent lending policies and I would aim to keep these standards high.

I am asking Members to vote to elect me as a non-executive director because I believe that Member owned organisations can compete against the Big 4 banks and deliver real value to their members. My current employment is about enabling small entrepreneurs to compete with big corporations.

A major component of my role is access to and negotiating with both local and international banks. I can use these insights to the benefit of The Mac, particularly where it is necessary to keep up to date with a rapidly changing banking environment. This will enable The Mac to remain competitive and able to deliver high quality services and products to its Members.

I am a Chartered Management Accountant and a Graduate of the Australian Institute of Company Directors. I am a Fellow of the Association of Corporate Treasurers and a Fellow of the Finance and Treasury Association.

  Geoffrey D Ellis
As a current Director of The Mac I am proud to have worked on our Board for the past 4 years during an exciting time in our long history of serving the greater Macarthur Community and would welcome the honor of being re-elected for a further term of service. During my time on the Board I have contributed to our amazing Re-Branding & innovative Branch Upgrades, both of which are consistent with us being Friendly, Helpful & Supportive.

While on the Board, I have brought a range of improvement initiatives to our Corporate Governance, including streamlined Board Reporting & the Development of Key Performance Indicators. Of particular note is that during my current Term of Appointment I have successfully guided the implementation of The Mac’s Risk Management Framework under APRA’s Prudential Standard CPS220. In addition to being an active Board Member I also serve on the Board’s Audit Committee as well Chair the Board’s Risk Committee.

I’m a Fellow of CPA Australia with formal qualifications in Accounting & Management and I also run a successful Business Advisory Practice here in the Macarthur Region.

I moved to the Macarthur Region in the late 1980’s and proudly call it home with my wife Nicole of 30 years and two adult sons Aaron & Blair. Since 2003, I have been an active member of the Community here in Macarthur and remain as a long term Volunteer Director of Youth Solutions (Macarthur’s Drug & Alcohol Prevention Education Service) as well as being the Executive Director of the South West Sydney Business Enterprise Centre.

I would welcome Re-Election to the Board of The Mac to be able to continue to make an active contribution to the long term success of our Credit Union for the benefit of our Members.

 

   

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