Community Partnership Account
New England Credit Union offers a Community Partnership Account (CPA) which assists community-based organisations with their fundraising activities.
The CPA is a full access savings account that offers a competitive interest rate and a guarantee that NECU will reward the account holder’s nominated community group with an annual bonus payment.
The Account holder WINS with a competitive transaction account, the community group WINS with financial support and NECU WINS as we are able to direct more funds back into the communities in which we operate!
How does it work?
Interested Community Groups need to register with New England Credit Union to become a Recipient Organisation. NECU will then place the organisation’s name on our list of recipient organisations and individual members can elect to support their favourite groups by opening a Community Partnership Account.
On 30 June each year NECU calculates the average annual balance of accounts held by supporters of each recipient organisation. This amount is then used by NECU to make a 1% bonus payment to the chosen Community Organisation.
What can community groups do?
Community Groups can encourage Community Partnership Accounts to be opened by letting supporters know about it through their own newsletters, meetings and functions. Community Groups can also distribute these brochures to their supporters. When a whole community gets behind their favourite charity, sporting club or community organisation, small amounts saved by individuals can become significant to their fundraising goals.
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How can you support your favourite community group?
You can support your chosen community organisation without it costing you anything.
As long as you have money in your account, your chosen organisation will receive an annual bonus from NECU. Thanks to supporters choosing their favourite community organisation, the recipient can continue to enjoy this bonus payment each year.
The more supporters an organisation obtains the more they will receive in their annual bonus payment—encourage your relatives and friends to become supporters today.
How can I access funds in the CPA?
The Community Partnership Account is an everyday transaction account with a variety of access methods to suit you! Access your funds at call through a cheque book, EFTPOS, ATM, Web Access (Internet Banking), Swift Access (telephone banking), VISA Debit card and BPAY®.
Disclaimer
New England Credit Union Ltd is the issuer of the Community Partnership Account, Cheque Book, Web Access, Swift Access and VISA Access. BPAY® is registered to BPAY® Pty Limited ABN 69 079 137 518.
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