latest-news 
First Rate Rise for 2010
On March 2nd 2010, the Reserve Bank lifted its key interest rate by 25 basis points to 4.00%, adding $50 to the average Australian monthly mortgage repayment.
... read moreRBA Holds Rates
At its meeting today, the Reserve Bank Board decided to leave the cash rate unchanged at 3.75 per cent.
... read moreNew Year - New Habits
For many of us, the New Year can mean enormous credit card debts and infinite store card bills.
... read moreGood News For Members
The minutes from the Reserve Bank of Australia’s December Board meeting have been released stating their monetary policy has returned to a normal range.
... read moreBarriers to Saving
Doesn’t matter what time of year it is, it’s always difficult to save. The hardest part is actually finding the money to put aside once bills, loans and everyday general expenses have been taken care of. What we must do is identify the main barriers to saving and take steps to avoid them.
... read more
RBA raises rates
The cash rate has been raised by 25 basis points to 3.25% following the RBA Board meeting, taking effect Wednesday 7th October, 2009.
... read moreRBA Holds Rates
For the 5th consecutive month in a row, the RBA has held the cash interest rate unchanged at 3.0 per cent following a board meeting yesterday, 1st September 2009.
... read moreMaking Mutuals Matter
Sick of the big banks just getting bigger? Looking for outstanding service, lower fees and competitive rates? If you’re looking for a friendly, professional and ethical banking alternative, then Phoenix Credit Union can help.
... read moreRBA Holds Rates
At its meeting on the 07/07/09, for the third month in a row the RBA decided to leave the cash rate unchanged at 3.0%.
... read moreOrganise your finances
There are always going to be times where we don’t have the funds to purchase big ticket items such as a new washing machine, a new TV or even a holiday, in which case credit will be used. Instant credit with the swipe of a card has long been the fast, easy way for consumers to purchase such goods – but it can lead to unmanageable debt.
... read moreBig 4 Clients Pay More
Research from financial comparison experts InfoChoice.com.au shows that the reluctance of Australian consumers to shop around for the best deal is costing them $2.7 billion in excess mortgage repayments each year.
... read moreStamp Duty Reduction
If you have been thinking about buying a newly built home or building one, then get in quick.
From 1 July until 31 December 2009 stamp duty is reduced by 50 percent on new dwelling purchases up to $600,000.
... read moreFinancial Hardship
Recent media reports have highlighted steps that borrowers can take to deal with financial hardship.
At Phoenix Credit Union, we have always offered help to members who may experience financial hardship. That’s what being member-owned is all about – putting your interests first.
... read moreFirst Home Buyers
The Australian Government has announced that as part of the 2009/2010 Budget, the First Home Owner Grant Boost will be extended to 30 September 2009 (reducing by 50% to 31 December 2009).
... read moreCard Skimming Alert
Card Skimming is a method used to illegally capture information contained in the magnetic stripe on the back of your ATM or Credit Card.
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