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Latest News



QBE Insurance Support for our Members

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The health and wellbeing of our Members, community and employees is our main priority during this time of uncertainty. As the situation with COVID-19 continues to develop, we want to let you know that we are here to provide the support you may need.

Our insurance partner, QBE, has announced hardship assistance options for Members with QBE insurance policies.

Read more: QBE Insurance Support for our Members

 

Savings Interest Rate Changes effective 1 April 2020

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We are increasing our 12-month Term Deposit rate to 1.70% and our 6-month Term Deposit to 1.30% across the board. 

We are reducing interest rates for our Savings accounts including the Bonus Saver Account (S7) interest rate decreased by 0.50% to 1.10% (inclusive of the base rate plus bonus rate).

For more details, please see below our latest interest rate schedules.

 

New Chief Executive Officer Appointed for Unity Bank Limited

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The Chair of Unity Bank, Mr Mick Doleman, today announced the appointment of Danny Pavisic as the new Chief Executive Officer.

Mr Doleman said, “I am very pleased that our current Deputy Chief Executive Officer, Danny Pavisic, has been successful in securing the Chief Executive role, effective the 27th April 2020. Danny, who has served in senior Executive positions at Unity for the past 15 years, has demonstrated the leadership qualities the Board believe are essential in fulfilling the Chief Executive’s role. They include strong commercial skills, a passion and commitment to looking after the best interests of Members and staff, and the highest level of integrity”.

Responding to his appointment, Mr Pavisic said “Being appointed to lead an organisation that has an outstanding record of looking after its Members, during good times and difficult ones, is a privilege and something that I feel honoured to have been given the opportunity to do. The Bank has one of the strongest balance sheets in the country and a wonderful and dedicated team of staff who genuinely care for their Members, which places us in a great position to continue to improve the financial well‐being of our Members.

My immediate focus will be to ensure we assist all our Members impacted by Covid‐19 get through this. For 50 years we have helped our Members when they needed us most and the current challenges allow us to demonstrate the values and principles of the founders of this member‐owned Bank.

As an essential service, we have an important role to play in ensuring our country comes through this challenging time in as good as shape as possible”.

Mr Doleman once again thanks outgoing Chief Executive Officer Mark Genovese for his service over the past 17 years which has seen the Bank become an organisation that Members, staff and directors can all be very proud of.


Danny Pavisic
   

Savings Interest Rate Changes effective 1 June 2020

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We are reducing interest rates for our Bonus Saver Account (S7) by 0.10% to 1.00% (inclusive of the base rate plus bonus rate).

For more details, please see below our latest interest rate schedules.

 

Fees & Charges and Transaction limits updated as at 5 February 2020

 

Director Nominations

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Nominations for candidates for the 2020 Election of Directors open 6 July 2020 and close at 4pm (Sydney local time) 27 July 2020.

The current terms of Mick Doleman and Garry Keane are due to expire and both have indicated their intention to restand. If you would like to receive a Director Nomination Pack, please advise your local branch or contact our Call Centre on 1300 36 2000.

Please note that nominees are required to fully comply with APRA Fit and Proper and Banking Executive Accountability Regime standards and are subject to criminal and bankruptcy checks, etc.

   

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