Central West Credit Union Limited - About Us

1966	Foundation - Payroll Deductions First Board Meeting, 86 members admitted, second - 15 more CU joined NSW CULeague and Loan Protection Insurance Scheme
1967	Payroll Deductions $1200. per fortnight, $518. loans $602. Credit Union Bulletin fortnightly produced by Gordon O'Sullivan and distributed to members and non-members with their pay Cupid strikes at 1st. AGM with the announcement of a double engagement, Foundation Members Lex Weaver to June Fairall and Lionel Grady to Jacqueline Barnes.
1968	First Inspection by registry of Co-operatives.
1969	Credit Committees established at Cowra, Grenfell & Forbes. No Bad Debts.
1970	Name changed to Central West Credit Union. First Employee, Peter Farrell, resigned and Jacqueline Grady was appointed.
1971	Membership increase 195.
1972	Eugowra War Memorial Hospital Staff added to the Bond.
1973	Loan Limits increased to $1,000. Unsecured, $2,000. Secured.
1974	Jacqueline Grady was appointed Secretary Manager and she carried out a membership drive throughout the area. The Credit Union disaffiliated from the NSW CU League over the increase in dues to $1.50 per member and joined the Association of Central Credit Unions.
1977	Burroughs L5000 Mini Computer installed. Assets over $1 million. Loan limit up to $6,000. repayable over 10 years. Vince Phillips of Grenfell Credit Cte. died.
1978	CU Savings reserve Fund set up with 1% of members' shares and deposits CU moved into a new larger office area in the County Council Building. A cheque-writing machine was installed. Loan limit increased to $10,000. repayable over 15 years. New staff, Mrs. Kath Somers & Mrs. Krys Szabo.
1979	Loan limit increased to $15,000. over 15 years. Burroughs L 9000 Mini Computer installed
1980	Cowra Hospital and Council Employees joined the Credit Union following a Regional Meeting. Lachlan Valley County Council abattoir closed down.
1981	Credit Union opened its Bond to the all residents in the community in the County Council area. The Minister for Co-operatives, Hon. Terry Sheahan, opened the newly purchased Credit Union, former QBE, building on 18 November. Parkes Industries, Lachlan Industries, Cowra and Norwest Beef Industries, Forbes, joined the CU. Loan limit increased to $20,000. Savings interest 7%, term deposit interest 11.5 - 12.5% Credit union transferred its affiliation to the CU Assn. of NSW.
1983	Lionel (Doc) and Jacqueline (Jacko) Grady resigned as Chairman and Secretary Manager. Gordon (Joe) Sinclair, former Director, was appointed Secretary Manager.
1984	Cowra Agency opened at Hal Robertson's Travel Agency in Macquarie Street.
1985	A new AWA Pertec Sabre Computer was installed Cowra Branch opened on-line at Harvey World Travel in the main street. Forbes Branch was opened on-line in the main shopping area, with John Meagher. The Regional Conference, held in Bathurst and hosted by Mid West Credit Union , was attended by four Directors and the Manager.
1986	AFCUL Conference in Adelaide was attended by two Directors. Twentieth Birthday celebrations were held in October, and the 3,000th. member was welcomed.
1988	Joe Sinclair resigned as Manager and was replaced by Peter Townsend. Grenfell Agency opened in December.
1989	Credit Union agency opened at Shortis & Timmins Pharmacy in Condobolin
1990	Former Parkes Post office was taken over temporarily while refurbishment was completed. 4,000th member welcomed
1991	Rebuilt office opened on 8 February
1992	Deeming Accounts introduced
1993	Redicard Introduced
1996	Central West Credit Union celebrates its 30th birthday. We have over 8000 members & in excess of $22 million in assets. The Credit Union movement in Australia turns 50 years old. One in every 4 Australians are Credit Union members. Redicard access cards are made available to Golden Accounts
1997	Our Grenfell Agency now has cash withdrawal facilities available during normal office hours. We open our new Peak Hill Agency at CRT with Greg & Raelene Rout on Monday April 7. Our new logo is launched. Brett Hartin becomes our new General Manager
1998	From the 1st July we launch our new Rediphone service. This enables members to: Users of Rediphone for the months of July & August had the chance of winning a colour TV Loan Redraw facility is now available to members
1999	2ND year in a row Central West Credit Union wins its section of the Parkes/Forbes Excellence in Business Awards Condobolin agency upgraded to a Sub-Branch in Shortis & Timmins pharmacy Introduction of Visa Access Cards New accelerated cheque clearance procedure introduced. Cowra trainee Bronwyn Harper-Knight honored with Cowra/Young Trainee of the Year
2000	Launch of our Website www.cwcu.com.au The launch of our new internet banking service REDINET takes place with a great response. Introduction of Banklink In June at the AGL Parkes/Forbes Excellence in Business Awards we won -Most Outstanding Business In Parkes -3rd time Winner in the Professional Services Category
2001	CWCU announced as 2001 Country Energy Parkes/Forbes Regional Business of the Year 4th time in a row we won Excellence in Professional Services BPAY is added to our list of services for the convenience of members. In June the ATM is installed at our Parkes office
2002	New initiative the Community Dividend Fund is launched. General Insurance cover is now offered through CGU instead of VACCI Renovations are carried out at our Cowra & Forbes branches.
2003	Minor upgrades have been carried out on our internet web site & some improvements & new features are implemented in our REDINET banking service. July, two new home loans are introdcued. Mortgage Smart and Mortgage Smart Plus
2004	A 2nd ATM Installed at Bi-LO/Kmart Shopping Centre. The Launch of our New Logo and the "Faces" campaign. The CWCU assets now $67.4m, while members now total 11880.
2005	Reditext, which allows members to receive details of their account by way of SMS is introduced
2006	Launch of the basic loan product "Mininiser" Housing Loan is introduced. Conversion of the Credit Union's core banking system is introduced. The Credit Union celebrates 40 years of operation in September 2006.
2007	Director Les Finn is farewelled after 17 years service, while Amity Hawthorn joins the board. The CWCU sponsors the Parkes Shire Council Australia Day Cultural Awards. Staff Members, Faye Iffland (36 yrs), Barrie Freeman (25 yrs), Lea Smith (22 yrs) and Marilyn Haynes (20 yrs) are honoured at the 41st Annual General Meeting. CWCU assets now 79.7m, Members equity 10.7m and $11810 given out to local groups as part of the Community Dividend Fund
2008	Long Serving and Foundation Director Ray Wyatt passes away.
2009	Security Tokens introduced for Internet Banking. RediATM launched in March. Announcement of New ATM's for Forbes and Cowra. General Manager, Brett Hartin reaches 20 Years of Service. The Credit Union returns a Net Profit for the year of $0.675m, although a fall from last years return, still considered to be a reasonable result considering the current economic climate.