We understand members want a high return on invested funds, but also want to know that their savings are safe.

Most people understand higher rates of return on deposits can sometimes be associated with higher risks. And there are plenty of examples of people chasing high returns, only to lose everything when the organisation they deposit their money with collapses. How do you balance safety with high interest rates being advertised from time to time? Is there an easy explanation? Yes. Summerland can offer both.

The main difference is Summerland Credit Union is an Authorised Deposit-taking Institution (ADI). It is our ADI status that we dearly value…it is our ADI status that affords protection to our member depositors.

Smarter Money Evening a Success

Our latest information seminar in the Summerland Seminar Series was recently held at the Ramada Hotel in Ballina.

The event was open to everyone and was well attended by both members and non-members. The attendees were treated to two presentations. The first was on the topic of Budgeting delivered by Kim Morris, our Credit Analyst and the second presentation on Financial Planning was given by Lea Martyn, one of Summerland’s Certified Financial Planners.

There was great interest in the content of the presentations combined with some fun with the Money Quiz. An information pack was also provided to all attendees. This was topped off with champagne served prior to the event in the brand new Ramada Hotel on the Richmond River.

Look out for our next event in the Summerland Seminar Series later this year.