2009 News
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15 December 2009 Newcastle Permanent provides $25,000 to Taree PCYC for new multi-purpose vehicle.
Taree PCYC will officially launch its new multi-purpose vehicle on Tuesday 15 December, with the assistance of a $25,000 grant from the Newcastle Permanent Charitable Foundation.
The multi-purpose vehicle aims to reduce the incidence of youth crime and anti-social behaviour throughout the Manning Valley by improving access to healthy, positive activities for young people.
Fitted out with large screen televisions and X Box game consoles, the mobile vehicle will be used in a number of crime "hotspots" identified by police across the Lower North Coast region.
Newcastle Permanent Charitable Foundation Chairman Michael Slater said the Charitable Foundation provided the $25,000 grant to Taree PCYC to help them engage young people who do not have access to transport to attend the PCYC in Commerce Street.
"Due to the lack of public transport, geographical isolation and economic disadvantage, the vehicle will provide the outlying community with regular opportunities to engage young people in positive and structured activities," said Mr Slater.
Taree PCYC Manager Tim Doyle said the grant from Newcastle Permanent Charitable Foundation is of great benefit to both the young people involved in PCYC and the greater community.
"We would like to thank the Newcastle Permanent Charitable Foundation for helping us to create the vehicle, because without these funds the project could not have gone ahead," said Mr Doyle.
Community groups can request the vehicle attend local events and activities by phoning Tim Doyle on 6551 0292.
The launch of the vehicle will take place at Lansdowne Public School and will be attended by special guest, ex-NRL player, Captain /Coach of the newly re-formed Taree Bulls and Taree PCYC volunteer, Wise Kativerata.
50 Lansdowne school students will test the new vehicle, learn ball skills from Wise Kativerata and enjoy a sausage sandwich and drink for recess.
09 December 2009 $20,000 to help Hunter Children with special needs.
Hunter Prelude has officially opened its new multi sensory room, with the assistance of a $20,000 grant from the Newcastle Permanent Charitable Foundation.
Hunter Prelude is an early intervention centre based at Kurri Kurri that provides education and therapy programs to children (0 to 5 years) with special needs.
Newcastle Permanent Charitable Foundation Chairman Michael Slater said the Foundation provided the $20,000 grant to assist Hunter Prelude in developing a sensory room, which will be used in education and therapy programs.
"Many of the children who attend Hunter Prelude are either over sensitive or under sensitive to sensory stimulus in their environment. As a result the child can be unaware of the world around them or they cannot cope with their surroundings,” Mr Slater said.
"The multi-sensory room will provide equipment to allow teachers and therapists to provide educational therapy and programs for the children, which will assist them to better cope with their environment."
"We would like to thank the Newcastle Permanent Charitable Foundation for helping us fit out the multi-sensory room. This support will make an enormous difference to the children and their families," said Hunter Prelude’s Acting Manager Belinda Donkin.
"Hunter Prelude provides a vital service to families in Cessnock, Maitland, Muswellbrook and Scone by providing treatment for up to 90 children each day, Mr Slater said.
"Newcastle Permanent Charitable Foundation recognises the important work that Hunter Prelude does and we are delighted to provide funding to assist their work."
Newcastle Permanent Charitable Foundation has supported a diverse range of projects in the Cessnock region in recent times including the Cessnock District Learning Centre $67,000, Cessnock PCYC $10,000, Endeavour Industries $50,000 and Cessnock Community Training Centre $20,000.
07 December 2009 Newcastle Permanent lifts interest rates on home loans.
Newcastle Permanent Building Society announced today that it is increasing its variable home loan rates by 0.31%, following the Reserve Bank's increase in official interest rates last week.
The increase for variable rate home loans will be effective on Wednesday, 9 December with new repayments for existing borrowers to apply from February 2010.
Newcastle Permanent CEO Terry Millett said the cost of funding remains relatively expensive due to intense price competition for retail deposits among all financial institutions as well as persistently high wholesale funding costs.
"Newcastle Permanent must fairly balance the interests of our depositing and lending members when considering interest rate changes," Mr Millett said.
"As the AFR Smart Investor Home Lender of the Year, Newcastle Permanent is committed to providing its members with highly competitive home loans like its most popular and multi award winning Real Deal Home Loan which offers a rate of just 5.97% pa.
"Newcastle Permanent's term deposits also offer highly competitive rates compared to the major banks, with 7.0% pa for 12 months and 6.10% pa for 7 months for all amounts over $5,000," Mr Millett said.
"If existing members or prospective members would like more information about these interest rate changes we encourage them to call us on 13 19 87 or visit our extensive branch network."
10 November 2009 - Local students come first in Newcastle Permanent Primary Mathematics Competition.
Thornton Public School student Thomas Milton and Jewells Public School student Jessica Tyler have blitzed over 16,000 students to receive the highest marks in the 2009 Newcastle Permanent Primary Mathematics Competition.
In September, Thomas and Jessica completed the 35-question exam in just 45 minutes without the aid of calculators, rulers or geometrical instruments along with students from more than 260 schools in the Hunter, Central Coast, New England and Northern Regions.
This was the 29th year of the annual Newcastle Permanent Primary Mathematics Competition, which is the largest exam of its type outside of the New South Wales Department of Education and Training's Basic Skills Test.
Newcastle Permanent CEO Terry Millett said it is very encouraging to see the number of students who participated in the competition this year and students from all regions achieving excellent results.
"It is tremendous to see the competition going from strength to strength. In 1981 when we first sponsored the event there were just 2,337 students from the Hunter participating. Now there are over 16,000 students from across the Hunter and Northern NSW.
"Numeric literacy is a fundamental skill and by sponsoring this competition, we hope to encourage young people to develop a passion for mathematics," said Mr Millett.
All high achieving students will be honored at a presentation ceremony at the Crusaders Lounge of Energy Australia Stadium on Wednesday, 11 November 2009.
Photo Opportunity
Students awarded prizes by Newcastle Permanent CEO
11.00am Wednesday, 11 November 2009
Crusaders Lounge at Energy Australia Stadium
05 November 2009 - Newcastle Permanent lifts interest rates on deposit accounts and home loans.
Newcastle Permanent Building Society announced today that it would increase its variable mortgage rates by 0.25% per annum, following the Reserve Bank's latest increase in official interest rates.
The increase for variable rate home loans will be effective on Monday, 9 November with new repayments for existing borrowers to apply from January 2010.
Newcastle Permanent CEO Terry Millett said as the AFR Smart Investor Home Lender of the Year, Newcastle Permanent is committed to providing its members with highly competitive home loans and they will remain so after this change.
Newcastle Permanent also announced increases in the interest rates on its key investment and savings accounts including the multi award winning and highly popular Rapid Saver savings account, which increased by 0.30% to 4.60% per annum also effective Monday, 9 November.
"As a mutual organisation we aim to ensure an equitable spread of costs and benefits across our member base". Mr Millett said.
"As part of our review of interest rates we have also increased our 12 month Term Deposit rate by 0.30% to 5.75% p.a. and lifted our 5 year Term Deposit rate to 7.0% p.a. for all amounts over $5,000 with interest paid at maturity".
"If existing members or prospective members would like more information about these interest rate changes we encourage them to call us on 13 19 87 or visit our extensive branch network".
23 October 2009 - Newcastle Permanent announces solid financial result at AGM.
At the 2009 Annual General Meeting held today, Newcastle Permanent announced a net profit after tax of $29.2 million for the financial year ended 30 June 2009.
Chairman Michael Slater said the results represent a solid financial performance in a very challenging operating environment.
"The Global Financial Crisis has continued to impact all financial institutions in Australia and around the world. As a result, wholesale and retail funding costs have remained high and put pressure on lending margins," Mr. Slater said.
"While the net profit result represents a slight decrease on the strong result for the 2008 financial year of $35.3 million, our underlying profit before one-off items increased by 2.9% year on year and Total Members’ Equity increased by $40.7 million."
"In addition to our net profit, each year Newcastle Permanent calculates the total value provided to our members through better interest rates and lower fees compared to the major banks. We call this member benefit the ‘mutuality dividend’, which is independently calculated by CANSTAR CANNEX, Australia’s leading financial services research firm.
"This financial year we provided $59.8 million in mutuality dividends to our members.
"Our commitment to the community remains a key priority. The Newcastle Permanent Charitable Foundation has now contributed more than $4.75 million in grants to more than 140 charitable organisations since we established the Foundation in 2004," Mr. Slater added.
Newcastle Permanent Chief Executive Officer Terry Millett said Newcastle Permanent remains financially strong because of its exceptional loan quality, loyal members and a large retail deposit base.
"The exceptional credit quality of our home loan portfolio is especially pleasing, with our arrears rates significantly below the NSW and national averages for other equivalent financial institutions.
A key indicator of the strength of our organisation is the level of our Tier 1 capital, which stood at 18.76% at 30 June 2009, well in excess of the minimum regulatory capital requirement of 8% and far in excess of our key competitors including the major and regional banks.
"As further independent endorsement of the financial strength of Newcastle Permanent, Standard & Poor’s recently reaffirmed our long-term credit rating at BBB+ with a stable outlook. This is the highest credit rating for any building society or credit union in Australia and is equivalent to that earned by much larger competitors such as the Bank of Queensland and Bendigo and Adelaide Bank.
"We are also pleased to report that in our most recent member satisfaction survey, conducted in June this year, we have maintained our exceptionally high level of member satisfaction at 97%.
"With a focus on providing our members a complete range of high quality products it was gratifying to win Building Society of the Year, for the second consecutive year and be named Home Lender of the Year by the Australian Financial Review Smart Investor Blue Ribbon Awards, ahead of every financial institution in Australia including the major banks.
"As a mutual organisation we are also dedicated to looking after our people. Despite the financial pressures of the difficult operating environment, we have not attempted to reduce expenses by implementing initiatives such as outsourcing key functions to lower cost countries, nor have we introduced large-scale forced staff redundancy programs.
"We believe that our people are a vital asset and these sorts of actions are not only short-sighted, but also negatively impact member service and employee satisfaction. In addition, we believe our communities expect better from their building society," Mr Millett said.
"The year ahead continues to contain many challenges as the Australian and world economic outlook remains uncertain, however, we are extremely well placed to deliver another solid performance in the next financial year.
"We look to the future with confidence and optimism as we continue our mission to deliver high quality, competitively priced financial products, excellent member service and high levels of support to the communities we are part of. That’s what we’re here for."
09 October 2009 - Newcastle Permanent lifts interest rates on deposit accounts and home loans.
Newcastle Permanent Building Society announced today that it would increase its variable mortgage rates by 0.25% per annum, following the Reserve Bank's latest increase in official interest rates.
The increase for variable rate home loans will be effective on Monday, 12 October with new repayments for existing borrowers to apply from December.
Newcastle Permanent CEO Terry Millett said as the AFR Smart Investor Home Lender of the Year, Newcastle Permanent is committed to providing its members with highly competitive home loans and they will remain so after these changes.
Newcastle Permanent also announced increases in the interest rates applicable to its key investment and savings accounts including the multi award winning and highly popular Rapid Saver savings account, which increased by 0.3% from 4.0% to 4.3% per annum also effective Monday, 12 October.
"As a mutual organisation we try to ensure an equitable spread of costs and benefits across our member base". Mr Millett said.
"As part of our review of interest rates we have also increased our 12 month Term Deposit rate by 0.35% to 5.35% per annum for all amounts over $5,000 with interest paid at maturity".
"If existing members or prospective members would like more information about these interest rate changes we encourage them to call us on 13 19 87 or visit our extensive branch network".
30 September 2009 - Notice of Annual General Meeting For Newcastle Permanent Building Society Limited and Newcastle Friendly Society Limited.
Notice is given that the Annual General Meeting of Newcastle Permanent Building Society Limited (“NPBS”) will be held:
Date: Friday 23 October 2009
Time: 12 noon
Venue: Newcastle Permanent Building Society, Level 6, 307 King Street, Newcastle West.
Business
1 CONSIDERATION OF REPORTS
To receive and consider the Financial Report, the Directors' Report and the Independent Auditor's Report of NPBS for the financial year ended 30 June 2009.
2 ELECTION AND RE-ELECTION OF DIRECTORS
To consider, and if thought appropriate, to pass the following as ordinary resolutions:
2.1 "That Philip Jack Neat, being a Director retiring pursuant to Articles 8.3 and 8.5 is re-elected as a Director."
2.2 "That Kevin George Jarry, being a Director appointed by the Directors pursuant to Article 8.8 is elected as a Director."
2.3 "That Peter Wayne Morris, being a Director appointed by the Directors pursuant to Article 8.8 is elected as a Director."
3 DIRECTORS’ FEES
3.1 Dollar Increase
To consider and, if thought appropriate, to pass the following resolution as an ordinary resolution:
"That the maximum aggregate amount payable to the Directors by way of Directors' fees be and is hereby increased from $699,644 to $783,601 per annum effective from 1 July 2009."
3.2 Percentage Increase
To consider and, if thought appropriate, to pass the following resolution as an ordinary resolution:
"That the maximum aggregate amount payable to the Directors annually by way of Directors’ Fees is increased by an amount equivalent to 3.5% effective from 1 July 2009."
VOTING ENTITLEMENTS AND NOTICES
Members who had a minimum of $500 invested with NPBS for a continuous period of at least 90 days immediately preceding 30 June 2009 are members that are entitled to vote at the meeting. If you are a member who is entitled to vote and you have not received notice of the meeting, you may request personal notice of the meeting by sending a written request including your name, address and account number to the Company Secretary at PO Box 5001 Hunter Region Mail Centre NSW 2310.
By Order of the Board
Andrew Yost
Company Secretary
28 August
Notice is given that the Annual General Meeting of Newcastle Friendly Society Limited (“Society” ABN 12 087 648 780) will be held:
Date: Friday 23 October 2009
Time: 11.00 am
Venue: Newcastle Permanent Building Society, Level 6, 307 King Street, Newcastle West
Business
1 CONSIDERATION OF REPORTS
To receive and consider the Financial Report, the Directors' Report and the Independent Auditor's Report of the Society for the financial year ended 30 June 2009.
2 RE-ELECTION OF DIRECTOR
To consider, and if thought appropriate, to pass the following as an ordinary resolution:
2.1 "That Michael Damien Slater, being a Director retiring pursuant to Articles 11.3 and 11.5 is re-elected as a Director"
3 DIRECTORS' FEES
To consider and, if thought appropriate, to pass the following resolution as an ordinary resolution:
"That the maximum aggregate amount payable to Directors by way of Directors' Fees is increased by an amount equivalent to 3.5% effective from 1 July 2009."
VOTING ENTITLEMENTS AND NOTICES
Members who had a minimum of $500 invested with the Society for a continuous period of at least 90 days immediately preceding 30 June 2009 and have made contributions to a Benefit Fund in accordance with the rules of, and have complied with the terms and conditions for the provision of benefits from that Benefit Fund, are members that are entitled to vote at the meeting. If you are a member who is entitled to vote and you have not received notice of the meeting, you may request personal notice of the meeting by sending a written request including your name, address and account number to the Company Secretary at PO Box 5001 Hunter Region Mail Centre NSW 2310.
By Order of the Board
Andrew Yost
Company Secretary
17 July
21 August 2009 - Newcastle Permanent named Australian Home Lender of the Year.
Newcastle Permanent has out-performed all of the Banks, Building Societies and Credit Unions in Australia, to be recognised as the Home Lender of the Year in the Australian Financial Review’s Smart Investor Blue Ribbon Awards, which were officially announced today.
Newcastle Permanent CEO Terry Millett said the award is an acknowledgement of the high quality mortgage products and competitive pricing delivered to Newcastle Permanent members.
"This is the first time that a major or regional bank hasn't won this award and is further evidence Newcastle Permanent is providing its members with a genuine alternative to the traditional banks" Mr Millett said.
"We were judged Home Lender of the Year following an independent assessment of our mortgage products across all categories by one of Australia’s leading financial services research firms, Infochoice"
Newcastle Permanent was also named Building Society of the Year for the second consecutive year and also won awards for fixed rate home loans and personal loans. Newcastle Permanent received more awards than any other financial institution in Australia.
"To win the Building Society of the Year award back to back also reflects the overall excellence of our products, which is something we are also very proud of," Mr Millett said.
"Now our members know that the organisation that has always been there for the
community is also a smart choice for all their financial services."
All the awards are judged by Infochoice, which employs its comprehensive database of lending and banking products to calculate the winners in each category.
6 August 2009 - $25,000 to help North Coast Women fight breast cancer.
Newcastle Permanent Charitable Foundation has provided BreastScreen NSW North Coast with $25,000 to improve its radiology equipment.
Director of BreastScreen NSW North Coast, Jane Walsh said the new equipment has been installed at the Lismore and Port Macquarie BreastScreen sites located at the Base Hospitals and in the mobile screening van.
"The funding was used to purchase six larger digital X--ray plates," said Ms Walsh.
"The larger plates mean we are able to provide a better service to a wider range of women, in some cases reducing the number of x-rays taken from 12 to 4. Our clients are delighted with the improvement."
"Because we have to take less x-rays, some appointments times are shorter, which means we can now screen more women." said Ms Walsh.
Newcastle Permanent Charitable Foundation Chairman, Michael Slater said BreastScreen NSW North Coast provides a vital community service and one which the Newcastle Permanent Charitable Foundation is proud to support.
"Women in NSW currently have a one in nine chance of developing breast cancer at some stage in their lifetime, and early detection is a vital element in the success of treatment." Mr Slater said.
"By increasing the number of mammograms that can be conducted in a day we can improve early detection rates and have a positive impact on the health of women on the North Coast and reduce family stress."
Early detection is the key to fighting breast cancer – women aged 50 -69 years are particularly encouraged to contact BreastScreen NSW North Coast for their free two yearly mammogram. However all women over 40 years of age (including 70 and over) are able to received free mammograms. Appointments can be made by phoning 13 2050.
Newcastle Permanent Charitable Foundation is also inviting not-for-profit organisations from the Mid North Coast to apply for funding for local, community projects by 6 August 2009. Visit www.newcastlepermanent.com.au/foundation for more information.
4 August 2009 - Newcastle Permanent Staff open their hearts to children in need.
Employees of Newcastle Permanent Building Society will donate $20,655 to local organisation Central Coast Kids in Need to assist families of seriously ill children who need to treatment in Sydney or Newcastle.
Operating for over 15 years, the Newcastle Permanent Staff Charity Program is supported by over 600 Newcastle Permanent employees who commit a percentage of their fortnightly wages to the program.
Participating employees vote for two worthy community organisations to receive funding each year.
Newcastle Permanent CEO Terry Millett said he commended Newcastle Permanent Staff on the selection of Central Coast Kids in Need.
"Having a seriously ill child has a significant financial impact on a family, particularly when the treatment is away from home."
"While there are some excellent low cost accommodation options such as Ronald McDonald House available to families, even this small cost can accumulate over time," Mr Millett said.
Over the last financial year Central Coast Kids in Need has provided $156,000 in funding to 115 families. This funding assisted with costs associated with accommodation and travel as well as purchasing essential equipment.
Central Coast Kids in Need volunteer Lorraine Churchill said the $20,655 provided by the Newcastle Permanent employees was a fantastic boost to the organisation.
"With such a generous amount of money, we’ll be able to help at least 20 families," said Ms Churchill.
Five year old, Louis Coleman funding recipient and his family will meet Newcastle Permanent staff to accept a cheque on behalf of Central Coast Kids in Need
When: 3pm, Wednesday 5 August 2009
Where: Newcastle Permanent Building Society, Stockland Bay Village BATEAU BAY
"The program was instigated by staff who wanted to support their local community, in addition to the support already being provided by the Building Society and the Newcastle Permanent Charitable Foundation," Mr Millett said.
21 July 2009 - Eight local organisations share in $235,984 of funds from Newcastle Permanent Charitable Foundation.
Eight organisations in the Hunter, Mid North Coast and New England will benefit from a $235,984 injection in to local community projects by the Newcastle Permanent Charitable Foundation.
Newcastle Permanent Charitable Foundation has now provided over $5 million in grants to over 150 not-for-profit community organisations over the past five years.
Newcastle Permanent Charitable Foundation Chairman Michael Slater said the Foundation Board considered submissions from 44 local, not-for-profit organisations and the eight selected sought funds for very important community projects.
Charities and community groups who received funding in this round were:
- $50,000 to Alzheimer’s Australia NSW to fund the purchase of a “Memory Van” which will deliver education and information on dementia and alzheimers risk reduction to the community in the Hunter and Mid North Coast regions.
- $45,000 to Hunter Surf Life Saving to implement a transition program called the “Rookie Program” to assist in the retention of junior life savers as they enter the senior life saving ranks.
- $44,400 to Port Stephens Community Care to purchase a refrigerated delivery van to deliver frozen meals to the frail and aged.
- $42,162 to Vision Australia to assist with the fit out of a new clinic in Tamworth to meet the growing need for low vision and blindness services for people living in the New England area.
- $19,722 to Lake Macquarie City Library to expand its very successful Early Literacy programs for children in local libraries.
- $13,400 to Royal Institute for Deaf and Blind Children (Hunter) to purchase children’s books, toys, computer software and other resources for the Preschool at Floraville.
- $12,300 to Armidale PCYC to run a youth program called “Know Your Body” which addresses four key education areas relevant to young offenders and youth at risk – physical education, nutritional education, drug and alcohol education and sport related education.
- $9,000 to The Cancer Council NSW to purchase additional resources for the Cancer Information Centre at Calvary Mater Hospital.
Newcastle Permanent Charitable Foundation is currently inviting local, not-for-profit organisations throughout the Hunter, Central Coast, Mid North Coast, New England and Northern Rivers to apply for funding for local community projects. The next funding round closes on 6 August 2009.
To make an application or to obtain further information, download an application from our website, phone 13 19 87, or visit your local Newcastle Permanent branch.
22 June 2009 - Sad loss of Newcastle Permanent CFO.
Newcastle Permanent Building Society has confirmed Chief Financial Officer Stephen Gilsenan was killed in a motor vehicle accident whilst on holidays in Canada last week.
The Board and staff of Newcastle Permanent are coming to terms with the loss of Stephen.
"Our thoughts and condolences go out to his family at this very difficult time. Stephen will be deeply missed by his friends, colleagues and staff at Newcastle Permanent," said Chairman Michael Slater.
Mark Williams will act in the role of CFO for the foreseeable future.
18 June 2009 - Newcastle Permanent kicks a goal for Central Coast Football.
Newcastle Permanent Building Society has announced continued financial support for junior football on the Central Coast by sponsoring the Central Coast Football Community Football Program.
Each year approximately 50 schools and 5,000 children from the Central Coast participate in the program, which teaches primary school students the basic skills and technical development required to play the world’s most popular team game.
Newcastle Permanent CEO Terry Millett said the Community Football Program is designed to develop young people's football and fundamental movement skills using fun activities and games.
"It is fantastic to see a program which caters for the beginner through to the budding football star promoting exercise and a healthy lifestyle," Mr. Millett said.
"This is the second season Newcastle Permanent has supported Central Coast Football and we are delighted to play a part in nurturing junior football development in the region."
"Our support enables Central Coast Football to provide accredited coaches for the various programs and to purchase training gear and equipment," Mr. Millett said.
Central Coast Football Community Development Officer Daniel Barrett said thanks to Newcastle Permanent's support we have experienced a 20 percent increase in registrations for this year's programs.
"Community Football is a grass roots program which provides a positive experience that enhances and promotes opportunities for children to play football on the Central Coast."
"Newcastle Permanent's sponsorship helps us to introduce more children to the 'world game' through a world class accredited program," Mr. Barrett said.
To find out more about Central Coast Football visit www.ccfootball.com.au
16 June 2009 - Charitable Foundation funds childhood literacy program in Armidale.
Newcastle Permanent Charitable Foundation today presented Armidale Dumaresq Library with $15,000 to fund the ‘Ten Minutes a Day’ early childhood literacy program.
Ten Minutes a Day is an educational program which aims to improve literacy rates within the community by engaging parents and their children aged one to four years old.
Newcastle Permanent Charitable Foundation Chairman Michael Slater said the program is designed to educate parents and carers about the importance of reading to children at an early age and provide a range of reading materials through their local library along with group sessions for parents and their children.
"The Charitable Foundation has proudly supported the program since 2006 and is delighted to assist in expanding the program to Armidale Dumaresq Library," Mr Slater said.
"There is a wealth of evidence to suggest that children who are read to on a regular basis are more readily able to read once they start school.
"Reading for just 10 minutes a day to a child is a wonderful investment in their future," Mr Slater said.
Armidale Dumaresq Systems and Youth Librarian Annette Goodwin said Newcastle Permanent Charitable Foundation's support would provide a wonderful opportunity for Armidale children to discover the joy of reading books at an early age.
"The 10 Minutes a Day program provides a wonderful opportunity for parents to bond with their child while teaching them a valuable skill," Miss Goodwin said.
"The funding from the Charitable Foundation will provide picture books and CDs along with instructional material and training to empower parents to read to their children."
Each participating Library will receive: Book packs to support the literacy program – these will be available for loan to parents and children and include instructional material for parents, picture books and CDs. Literacy training and instructional classes for parents in the Library – participants will receive information on the importance of developing literacy skills for their children by reading to them - even when they are still babies. Promotional collateral – including posters, advertising and promotional material to promote the program and highlight the benefits associated with improved literacy.
Picture Opportunity
When: 17 June @ 10.30am
Where: Armidale Dumaresq Library 122 Faulkner Street.
What: Official launch of 10 Minutes a Day reading program.
15 June 2009 - Charitable Foundation funds childhood literacy program in Tamworth.
Newcastle Permanent Charitable Foundation today presented Tamworth City Library with $15,000 to fund the 'Ten Minutes a Day' early childhood literacy program.
Ten Minutes a Day is an educational program which aims to improve literacy rates within the community by engaging parents and their children aged one to four years old.
Newcastle Permanent Charitable Foundation Chairman Michael Slater said the program is designed to educate parents and carers about the importance of reading to children at an early age and provide a range of reading materials through their local library along with group sessions for parents and their children.
"The Charitable Foundation has proudly supported the program since 2006 and is delighted to assist in expanding the program to Tamworth City Library,’" Mr Slater said.
"There is a wealth of evidence to suggest that children who are read to on a regular basis are more readily able to read once they start school."
"Reading for just 10 minutes a day to a child is a wonderful investment in their future," Mr Slater said.
Tamworth Youth and Branch Services Librarian Narelle Lightfoot said Newcastle Permanent Charitable Foundation's support would provide a wonderful opportunity for Tamworth children to discover the joy of reading books at an early age.
"The 10 Minutes a Day program provides a wonderful opportunity for parents to bond with their child while teaching them a valuable skill," Ms Lightfoot said.
"The funding from the Charitable Foundation will provide picture books and CDs along with instructional material and training to empower parents to read to their children."
The program will commence at Tamworth City Library on 22 June.
Each participating Library will receive: Book packs to support the literacy program – these will be available for loan to parents and children and include instructional material for parents, picture books and CDs. Literacy training and instructional classes for parents in the Library – participants will receive information on the importance of developing literacy skills for their children by reading to them - even when they are still babies. Promotional collateral – including posters, advertising and promotional material to promote the program and highlight the benefits associated with improved literacy.
Picture Opportunity
When: 16 June @ 2.30pm.
Where: Tamworth City Library 466 Peel Street.
What: Official launch of 10 Minutes a Day reading program.
29 May 2009 - Newcastle Permanent named Building Society of the Year.
Newcastle Permanent was last night awarded the prestigious title of Building Society of the Year 2009 in the Australian Banking & Finance (AB&F) Awards.
The awards were judged by a panel of industry experts, which included senior representatives from organisations such as Macquarie Bank, HBOS Australia, St George Bank, Finsia (Financial Services Institute of Australasia) and PricewaterhouseCoopers.
The Building Society of the Year category was judged on member and community benefits, customer service, market share and competitiveness of products and pricing.
Newcastle Permanent Building Society Chief Executive Officer Terry Millett accepted the award last night at a gala dinner held at the Westin Hotel in Sydney.
"It is an honour to have won this award and been judged Best Building Society from among our peers," Mr Millett said.
"Newcastle Permanent’s broad range of products delivers significant benefits to our members in terms of better interest rates, lower fees and market leading features - all of which highlight our superior offering."
"We see people every day in our branches looking for an alternative to traditional banks. A mutual organisation without shareholders that can meet all their financial needs, offers excellent value and is genuinely committed to supporting the local community."
"Receiving this award supports our philosophy that a regionally based mutual organisation can deliver products and services to match or better any financial institution in Australia."
The title of Building Society of the Year is not new to Newcastle Permanent, having also won Money magazine's Building Society of the Year award in 2007 and 2008 as well as Building Society of the Year in The Australian Financial Review – Smart Investor 2008 Blue Ribbon Awards.
26 May 2009 - Foundation helps bring smiles to young cancer patients.
Newcastle Permanent Charitable Foundation has given $10,000 to the Hope Bears Charity to bring some joy into hospital stays for children with cancer.
Newcastle Permanent Charitable Foundation Chairman Michael Slater said Hope Bears Charity volunteers make 'Gifts of Hope' including teddy bears, hand puppets, beanies, scarves and blankets – for young patients at the John Hunter Hospital (JHH).
"The support from the Charitable Foundation will help fund the materials needed to make the gifts for the children being treated at the hospital," Mr Slater said.
He said many children from all over regional NSW were treated at JHH because it was the closest treatment facility available to them.
"Hope Bears Charity provides these children with a little bit of happiness as they soldier through their medical treatment and the angst of being away from home," Mr Slater said.
Hope Bears Charity Coordinator Laraine Wilson said the gifts were a small but appreciated gesture for sick children and are much appreciated by their families.
"It is such a joy to be deliver the Hope Bears gifts. It‟s often the element of surprise rather the actual gift which puts a smile on the child's face" Ms Wilson said.
The Hope Bears Charity was established in Woolgoolga in 2001 and is run by volunteers. It also distributes gifts through Ronal McDonald House in Newcastle and Tamworth.
Hope Bears Charity Founder Frances Robinson said the support provided by Newcastle Permanent Charitable Foundation was very much appreciated.
“Volunteers usually purchase materials such as wool and ribbon themselves,” Mrs Robinson said.
"A $10,000 boost means we will be able to make hundreds of items without worrying about the costs of buying the materials."
Newcastle Permanent Charitable Foundation is currently seeking applications for its next funding round, which closes 6 August 2009.
To make an application or to obtain further information, go to the website, phone 13 19 87, or visit a Newcastle Permanent branch.
22 May 2009 - Newcastle Permanent offers North Coast members a helping hand.
Newcastle Permanent is offering its North Coast members affected by the recent floods, special concessions to help them get back on their feet.
Newcastle Permanent CEO Terry Millett invites members to contact the local branch for help in accessing the range of pricing concessions available to help the recovery effort.
"As an active and concerned contributor to the Ballina, Lismore and Coffs Harbour communities we want to do what we can to help our members through these difficult times," Mr Millett said.
"Newcastle Permanent has a Disaster Relief Plan which it enacts in such circumstances to provide members with a selection of financial assistance options."
Options available to our current Ballina, Lismore and Coffs Harbour members affected by the floods include:
- Restructuring loan repayments
- Providing access to additional loan repayments or funds invested in term deposit investments
- Offering concessional interest rates and fee waivers on personal, home and business loans.
"One option members may wish to consider is a personal loan with a concessional interest rate which can be used to repair homes and to purchase replacement furnishings, whitegoods or cars damaged in the flood."
"Members who would like to access any of these benefits or find out more detail should contact the local branch in Lismore, Ballina or Coffs Harbour or call 13 19 87 for assistance," Mr Millett said.
09 April 2009 - Newcastle Permanent cuts home loans by 0.15%, credit card and personal loans by 0.50%.
Newcastle Permanent announced today it would reduce its variable mortgage interest rate by 0.15% following the decision of the Reserve Bank of Australia (RBA) to reduce official interest rates.
The decrease will be effective on 20 April, with lower home loan repayments effective from that date.
CEO Terry Millett said the cost of funding remains very expensive due to intense price competition for retail deposits amongst all financial institutions and wholesale funding costs at historic highs.
"In light of the current economic climate and with the aim of fairly balancing the interests of our depositing and lending members, we believe it is prudent to pass on a reduction of 0.15% on this occasion to our home loan members."
The 0.15% decrease in mortgage interest rates will mean a further decrease in repayments of $22 per month on an average $250,000 home loan taken over 25 years.
Newcastle Permanent also announced significant reductions of 0.50% in the interest rates on its Value Plus Credit Card and secured Personal Loans.
"This interest rate reduction places Newcastle Permanent’s most popular and multi award winning variable rate home loan, Real Deal, at 5.16%. We also offer our members some of the best fixed rate home loans available in Australia. For example our two year fixed rate home loan is now just 4.94% pa," added Mr Millett.
08 April 2009 - Newcastle Permanent offers Coffs Harbour members a helping hand.
Newcastle Permanent is offering its Coffs Harbour members affected by the recent floods, special concessions to help them get back on their feet.
Newcastle Permanent CEO Terry Millett invites members to contact the local branch for help in accessing the range of pricing concessions available to help the recovery effort.
"As a proud contributor to the Coffs Harbour community we want to do want we can to help our members through these difficult times," Mr Millett said.
"Newcastle Permanent has a Disaster Relief Plan which it enacts in such circumstances to provide members with a selection of financial assistance options."
Options available to our current Coffs Harbour members affected by the floods include:
- Restructuring loan repayments
- Providing access to additional loan repayments or funds invested in term deposit investments
- Offering concessional interest rates and fee waivers on personal, home and business loans.
"One option members may wish to consider is a personal loan with a concessional interest rate which can be used to repair homes and to purchase replacement furnishings, whitegoods or cars damaged in the flood."
"Members who would like to access any of these benefits or find out more detail should contact the Coffs Harbour branch or call 13 19 87 for assistance," Mr Millett said.
06 April 2009 - Newcastle Permanent – here for members facing tough times.
Newcastle Permanent is reminding its members who think they might be facing potential loan repayment difficulties to make contact as soon as possible.
"The Federal Government announced yesterday that the major banks will offer mortgage relief to customers who are in financial hardship. Newcastle Permanent has had an assistance programme in place for members with home loan repayment difficulties for over 25 years," Mr Millett said.
Newcastle Permanent CEO Terry Millett said as a mutual organisation we always place our members first by being very careful not to over-commit members on loans including home loans.
"Our experience over the last 105 years is that our conservative approach to lending helps our members to stay out of difficulty."
"However for members who find themselves in financial difficulty, early action is vital," said Mr Millett.
"We do not believe in a "one-size fits all" approach. We tailor an approach to each member based on their individual circumstances."
"Once a member has made contact with us we can explore a range of options to help members manage through a difficult period due to a change in their personal circumstances, including: Using advance repayments to take a "repayment holiday"; Extending the term of the loan up to 30 years; Lowering members’ repayments by converting the home loan to interest-only; and, Deferring or reducing home loan repayments for a period of time.
"As a result of our prudent and sensible approach to lending, very few of our members ever find themselves in financial difficulty, and consequently our credit quality remains excellent and significantly better than the NSW average including the major banks."
19 February 2009 - Free outdoor movie re-scheduled for Tamworth.
Newcastle Permanent Building Society has re-scheduled its Cinema Under the Stars screening of Mamma Mia to Saturday, 28 February 2009 after it was postponed due to wet weather.
This is the first time Newcastle Permanent Building Society has hosted the popular event in Tamworth.
Newcastle Permanent CEO Terry Millett said Newcastle Permanent was very disappointed the screening couldn't go ahead on 14 February.
"The evening is such good fun and we didn’t want the families of Tamworth and New England to miss out so we’ve re-scheduled," Mr. Millett said.
"It is a perfect opportunity for families to spend a fun evening together in Bicentennial Park enjoy a picnic, watch the sun go down and enjoy the special atmosphere of watching movies under a blanket of stars."
Featuring a full-size movie screen, Newcastle Permanent's Cinema Under the Stars is the largest event of its kind in the New England region.
"We have now held Cinema Under the Stars in Lismore, the Central Coast and Newcastle and the response from those communities has been fantastic."
"We hope the people of Tamworth enjoy the evening just as much," Mr. Millett said.
The award winning Mamma Mia will screen at Bicentennial Park Tamworth on 28 February 2009.
Entry is free. Gates open at 6.30pm and the movies screen at sundown. For more information on the Newcastle Permanents Cinema Under the Stars visit www.newcastlepermanent.com.au/cinema
14 February 2009 - Newcastle Permanent Charitable Foundation donates $40,000 to local Family Support Service.
Newcastle Permanent Charitable Foundation has granted $40,000 to Tamworth Family Support Service (TFSS) for the purchase of a Mini Bus to transport its clients. This service will benefit socially and financially disadvantaged families in Tamworth, Werris Creek, Quirindi, Manilla and Barraba.
The 12-seater Toyota Hiace Mini Bus will transport families to services provided by TFSS including, attending groups, supported playgroup, transporting children in the care of Department of Community Services to contact visits with their parents or siblings and moving families escaping from domestic violence.
Newcastle Permanent Charitable Foundation Chairman Michael Slater said the Mini bus will provide a much-needed service to many disadvantaged families who live in isolated areas where there are minimal transport options and they wish to access Tamworth Family Support Service.
"This Mini bus will not only provide a transport alternative it will also increase families opportunities to access the services offered by Tamworth Family Support, and ultimately improve the outcomes for children and families," said Mr. Slater.
Tamworth Family Support Service has 30 staff and provides a range of community programs and services including Supported Playgroups, Women and Children's Refuge, Early Intervention, Children's Contact Centre and groupwork programs.
In 2006/07, Tamworth Family Support Services assisted over 2,500 families across all 7 programs. It is anticipated these numbers will increase with the provision of the new Mini bus.
"We pride ourselves on being able to support community organisations which, without our assistance, may not be able to raise the funds to achieve the valuable benefits they provide to their local communities," Mr. Slater said.
The Newcastle Permanent Charitable Foundation is an ongoing initiative and is inviting registered charitable organisations to apply for a grant. The next round of applications close 2 April 2009.
To make an application or to obtain further information, go to the website www.newcastlepermanent.com.au, phone 13 19 87, or visit a Newcastle Permanent branch.
13 February 2009 - Newcastle Permanent Charitable Foundation grants Armidale a new lease on (wild) life.
Citizens Wildlife Corridors Armidale has received a $7,500 grant from the Newcastle Permanent Charitable Foundation to assist in protecting and maintaining the Armidale Walking Track.
The Armidale Walking Track is home to rare communities of native flora and fauna and is enjoyed by 60 plus walkers each day.
Newcastle Permanent Charitable Foundation Chairman Michael Slater said the work Citizens Wildlife Corridors Armidale is undertaking in regenerating previously cleared and farmed land is of great importance.
"$5,000 of the grant will be used to build three 20 metre fences to stop motor vehicles entering the track and damaging native vegetation."
"The remaining funds will be used to purchase and plant native flora to help prevent erosion of the track and to encourage native wildlife."
"Regenerating this land with indigenous plants, will not only benefit current walkers and wildlife, it will enable future generations to enjoy the simple pleasures of nature," Mr Slater said.
Citizens Wildlife Corridors was established in 1991 to encourage private landholders to accommodate wildlife and use sustainable land use practices.
Through assisting landholders with grant subsidies, it enables them to protect native remnant vegetation, build multi-purpose wildlife corridors (such as this one) with indigenous vegetation and to link them existing native bush-land.
CWC members have planted more than 55,548 indigenous shrubs and trees and built 11.6 km x 20 m wide, wildlife corridors to link to native bush-land.
"We pride ourselves on being able to support community organisations which, without our assistance, may not be able to raise the funds to achieve the valuable benefits they provide to their local communities," Mr. Slater said.
The Newcastle Permanent Charitable Foundation is an ongoing initiative and is inviting registered charitable organisations to apply for a grant. The next round of applications close 2 April 2009.
To make an application or to obtain further information, go to the website www.newcastlepermanent.com.au, phone 13 19 87, or visit a Newcastle Permanent branch.
09 February 2009 - Newcastle Permanent announces a new face to join the Executive Team.
Newcastle Permanent Building Society has announced the appointment of its new Chief Member Officer, Lincoln Rees. Lincoln will commence with Newcastle Permanent on 9 February.
Newcastle Permanent CEO Terry Millett said "Lincoln will be responsible for the parts of the business that directly serve our members. Lincoln’s responsibilities include the branch network, the member service centre, mobile lending team, mortgage broker servicing team, business solutions, financial planning and insurance services."
"We are delighted to announce the appointment of someone of Lincoln’s calibre following an extensive nationwide recruitment process involving both internal and external candidates with strong financial services experience." Mr Millett said.
"Throughout his senior executive career Lincoln has led significant retail distribution networks within major Australian banks and credit unions. He possesses a strong affinity with mutual financial organisations and lives in Newcastle."
"Lincoln will help us maintain the strong momentum we have built up, with significant advances in branch and ATM expansion, professional development of our team, new product development and member satisfaction which now stands at 97%", added Mr Millett.
Mr Rees fills a vacancy created when Terry Millett was appointed to the role of Chief Executive Officer.
04 February 2009 - Newcastle Permanent to reduce variable mortgage rates by a full 1.0%.
Newcastle Permanent announced today it would reduce variable mortgage interest rates by a full 1.0% following the Reserve Bank of Australia's decision to cut official interest rates yesterday.
The decrease in Newcastle Permanent's variable mortgage interest rates will be effective on Monday, 16 February with lower home loan repayments also effective from that date.
Newcastle Permanent CEO Terry Millett said, "The deterioration of global economic conditions and uncertainty in financial markets continues to increase the cost of providing the funds we lend to our members. However, we are aware of the financial pressure our members with home loans are facing and we are pleased to be able to pass on the full rate reduction."
"Newcastle Permanent as a mutually owned organisation must fairly balance the interests of our depositing and lending members. Looking forward we need to consider any future change in mortgage interest rates in light of the funding costs at that time."
The 1.0% percent decrease in mortgage interest rates will mean a further decrease in repayments of $152 per month on an average $250,000 home loan taken over 25 years.
"With this interest rate reduction, Newcastle Permanent home loans remain highly competitive against all financial institutions. For example, the interest rate applicable to our most popular variable rate home loan the multi award-winning Real Deal home loan will be 5.31% per year" Mr. Millett said.
"Newcastle Permanent is a genuine alternative to the traditional retail banks and our portfolio of home loans has more CANNEX 5-star rated mortgages than any other bank, building society or credit union in Australia."
03 February 2009 - Newcastle Permanent Charitable Foundation grants $30,000 to assist survivors of childhood sexual abuse.
Local not-for-profit organisation Heartfelt House has received a $30,000 funding boost from the Newcastle Permanent Charitable Foundation.
Photo opportunity
What: Cheque Presentation by Newcastle Permanent Charitable Foundation Chairman Michael Slater to Heartfelt House CEO, Larry Rawstorne and Executive Officer, Vicki Hamilton
When: 2pm, Friday 6 February 2009
Where: 152 Molesworth St, Lismore
Based in Alstonville, Heartfelt House offers a counselling service to adult survivors of childhood sexual abuse in the Northern Rivers area.
Newcastle Permanent Charitable Foundation Chairman Michael Slater said that the Foundation has been operating for the past four years supporting a range of community projects in the Hunter, Central Coast and Mid North Coast and had recently commenced supporting community organizations in the Northern Rivers to coincide with opening of branches of the Newcastle Permanent Building Society in Lismore and Ballina.
"We are delighted be able to provide such a significant amount of funding to an important organisation, such as Heartfelt House, which provides essential services for a prevalent, yet often overlooked, community issue, that being childhood sexual abuse" Mr Slater said.
The $30,000 grant will be used over three years to provide counselling and essential programs to survivors and their families.
"I encourage other organisations and individuals to assist Heartfelt House by making donations via its website www.heartfelthouse.org.au," Mr Slater said.
I would also encourage other local not for profit organisations to consider applying to the Foundation to support worthwhile local community projects. The next round of funding closes on 2 April 2009.
Some statistics:
- Childhood sexual abuse affects one in three females and in one in six males by the time they are 18 years old.
- It is estimated childhood sexual abuse costs Australia $7.2 billion nationally.
- Between 1997 and 2002 DOCS reported 500 cases of proven sexual abuse on minors under the age of 16 on the Far North Coast of NSW. Cases have almost doubled in the past five years.
- It is believed only 10% of child sexual abuse is actually reported to police, a doctor or a relevant agency.
Police are investigating an ATM attack on Newcastle Permanent's former Morisset branch. It is believed an unknown number of offenders attempted to explode the ATM in Dora Street shortly after 3am.
Newcastle Permanent CEO, Terry Millett said the ATM and nearby vacant building sustained some damage in the attack.
"It appears that the attack was unsuccessful, and we are assisting police with their investigations," Mr Millett said.
"This attack will not affect our branch operations at Morisset as the branch recently relocated to a new site."
"This kind of attack is extremely dangerous and has a high probability of failure."
"We are now well advanced with the installation of gas detection devices in our ATMs to complement the other security measures already in place, to prevent further attacks."
Anyone with information about the incident is urged to contact police at via Crime Stoppers on 1800 333 000.
19 January 2009 - Local children with a disability are the latest to benefit from a $35,000 grant.
Northcott Disability Services has received $35,000 over three years from Newcastle Permanent Charitable Foundation to host a series of respite camps for children with a disability from the Mid North Coast region.
Seven children will attend two upcoming camps held at Tropic Oasis Holiday Villas, Coffs Harbour throughout January. Newcastle Permanent Charitable Foundation Chairman Michael Slater said the Foundation was pleased to be able to support Northcott Disability Services in
hostin camps for children with a disability.
"The importance of respite for the client and their families is well understood, yet access to respite is not always readily available in areas outside of major cities," Mr. Slater said. "The respite camps perfectly fit the funding criteria of the Charitable Foundation and we are delighted to be able to support this very worthy cause."
Each camp will run for four days and will have children undertaking a number of activities such as bowling, swimming, fishing and mini golf. For children with a disability and their families, respite is an important way to maintain family stability and community cohesion and gives both children with disabilities and their carer's important opportunities to meet new people and experience new places and environments.
Northcott's Regional Team Leader for Coffs Harbour, Liz Forsyth, welcomed the much-needed grant, acknowledging the need for respite and the support provided by the Newcastle Permanent Charitable Foundation.
"Respite is very important to both the child with a disability and their carers," Ms Forsyth said. "Caring for a child with a disability is a full-time and demanding role and thanks to the Foundation, Northcott clients, their families and carers in the Mid North Coast community will be able to continue to take a break."
Northcott's regional office in Coffs Harbour services the Mid and Far North coast regions. Services include individual and family support and community participation programs for school leavers.
Northcott Disability Services was established as the NSW Society for Crippled Children in 1929 by the Rotary Club of Sydney and is currently celebrating its 80th anniversary in 2009. Today, Northcott provides support to over 6000 people with a disability and their families across NSW and the ACT by offering a range of quality programs which promote a genuinely inclusive society.
For further information or to make a donation please contact Northcott Disability Services Coffs Harbour office on (02) 6651 2366 or go to www.northcott.com.au.
16 January 2009 - Business as usual at Newcastle Permanent's Lake Haven branch following ATM attack.
Newcastle Permanent's Lake Haven Branch will be open for business today after the branch's ATM was the target of a failed attack early Thursday morning.
Newcastle Permanent CEO Terry Millett said a structural engineer's report has given the all clear for the branch to resume operation.
"The ATM is currently out of service, however, it will be replaced today and should be operational later this afternoon," Mr Millett said.
"To reopen our branch in such a short timeframe is good news for our members and a credit to our staff who have worked around the clock to get the branch open again."
"This was the first attack on our ATM network and it failed. We are encouraged by the robust quality of our ATMs and our security measures which were capable of withstanding this type of attack."
Anyone with information about the incident is urged to contact police at Tuggerah Lakes via Crime Stoppers of 1800 333 000.
15 January 2009 - Attempted ATM attack at Lake Haven.
Police are investigating an ATM attack at Newcastle Permanent's Lake Haven branch. It is believed an unknown number of offenders attempted an attack on the ATM at a local shopping centre shortly after 4am this morning.
Newcastle Permanent CEO Terry Millett said the machine and branch sustained some damage in the attack.
"This was the first attack on our ATM network, we are assisting police with their investigations," Mr Millett said.
"We are encouraged that the robust quality of our machine and our security measures were capable of withstanding this type of attack."
"As soon as the initial police investigation is finished today we will begin repairs on the branch and replacing the ATM with the aim of reopening the branch as soon as possible."
Newcastle Permanent members can access nearby branches and ATMs at Westfield Shopping Centre Tuggerah and Stockland Bay Village Bateau Bay. A full list of branches and ATMs can be found on our website www.newcastlepermanent.com.au
Anyone with information about the incident is urged to contact police at Tuggerah Lakes via Crime Stoppers on 1800 333 000.
14 January 2009 - Newcastle Permanent Cinema under the stars changes venue due to popular demand.
Due to the over-whelming success of last Saturday's screening of Mamma Mia, there has been a slight change of venue for Newcastle Permanentʼs Cinema under the stars this weekend.
Over 4,000 people, mostly families, attended the event in King Edward Park surrounding the rotunda. This Saturday, the evening will be moved to the top end of Kind Edward Park, which can accommodate a larger crowd in comfort and is where Carols by Candlelight is usually held.
Saturday will include a double feature screening of recent Golden Globe winner Wall-E followed by feature film Newcastle. Newcastle Permanent CEO Terry Millett said Newcastle Permanent was thrilled with the turn out to last Saturday.
"It is such a pleasure to see so many members of the community enjoy the free evening's entertainment. We are pleased to move it to an area which will enable more people to view the big screen easily," Mr Millett said.
Cinema under the stars is brought to the community by Newcastle Permanent Building Society in conjunction with Livesites. The free summer event gives families and friends the chance to relax at scenic King Edward Park, enjoy a picnic, watch the sun go down and enjoy the special atmosphere of watching movies on a full sized movie screen in the great outdoors, with live entertainers keeping the crowd amused before the show.
Entry is free. Gates open at 6.30pm and Wall-E will screen at sundown.
Due to its continued success, Newcastle Permanent is taking Cinema under the stars on the road to the Central Coast, and to two of their new operating areas in Lismore and Tamworth.
For more information on the Newcastle Permanentʼs Cinema under the stars visit www.newcastlepermanent.com.au/cinema
Movies to be screened include:
- Newcastle Wall-E and Newcastle – Saturday, 17 January
- Central Coast Mamma Mia – Saturday, 24 January
- Lismore Mamma Mia – Saturday, 7 February
- Tamworth Mamma Mia – Saturday, 14 February
Newcastle Permanent Building Society has taken out the Best Innovative Service category in Money magazineʼs annual Best of the Best Awards for its premium internet security system VerifID™.
Newcastle Permanent CEO Terry Millet said, "Combating internet fraud is a much needed requirement in today's environment. Offering the VerifID™ service helps our members to prevent even the most advanced forms of internet fraud and provides additional peace of mind."
"Being awarded this accolade from Money magazine, further cements our commitment to offering our members the best service possible."
Newcastle Permanent is the first and only financial institution to deploy the new transaction verification system, which offers a superior level of protection. The convenient service is available to all Newcastle Permanent personal and business banking members, free of charge.
Traditionally, when members access their account to make payments via the internet, they do so, by using a member number and access code. VerifID™ adds an additional layer of security for BPay and other third party payment transactions by making an automated phone call to confirm details of the transaction and provide a VerifID™ code.
This code is then entered into the internet banking screen to validate the transaction. "Our internet banking use has more than doubled since we introduced the new service," said Millett.
Newcastle Permanent's VerifID™ has been recognised previously around the world as a leading innovation in internet security and online fraud prevention.
It was a finalist in the ifs International Innovation Awards in the Best Direct Channels Initiative category. Additionally, Newcastle Permanent was invited to present the technology at the recent Gartner Identity & Access Management Summit in London.
VerifID™ has been identified by leading industry analysts as the model all financial institutions should adopt.
Find out more about protecting yourself from internet fraud.
12 January 2009 - Junior rangers get into 'aqua action'!
Junior rangers will pick up dip nets to hunt for water bugs and build their own boats as part of 'Aqua Action' at Blackbutt Reserve starting Monday 12 January thanks to sponsorship from Newcastle Permanent.
Aqua Action aims to give junior rangers an insight into life in our local creeks and waterways, as well as provide some plain old fashioned fun.
Parks and Recreation Manager Graeme Matthews says the Newcastle Permanent/ Blackbutt Junior and Cadet Ranger program has been inspiring and teaching young people about the environment for 8 years.
"Every school holidays staff and volunteers at Blackbutt Reserve provide fun and educational programs for young people. Some of the kids love the programs so much, they come back again and again. Thanks to the ongoing sponsorship of Newcastle Permanent, Council is kick starting another summer holiday program next Monday, 12 January."
Newcastle Permanent CEO Terry Millett said the Junior Ranger program provided a wonderful opportunity for children to discover and learn about nature. "We are proud to continue our support of the Junior Ranger program and Blackbutt Reserve, which is a fantastic community facility. This year we have extended our support by providing new uniforms for all Blackbutt Reserve volunteers. The Junior Ranger Program delivers a positive educational message about the environment mixed in with plenty of fun."
This summer rangers will share a healthy morning tea provided by another sponsor Bilo Cardiff as well as take home educational activities in their Newcastle Permanent show bag.
The Newcastle Permanent/ Blackbutt Junior and Cadet Ranger program runs from 9:30 – 11:30 am on 12,15,16, 19,22 & 23 January and will cost $15 per child. Discounts are available for siblings attending the same program and bookings are essential.
For more information and to make bookings please contact the Blackbutt Reserve office on 4904 3344 from 8:00 – 3:30 Monday to Friday.
06 January 2009 - Newcastle Permanent announces appointment of two new Directors to Board
Newcastle Permanent Building Society today announced the appointment of Wayne Morris and Kevin Jarry to the Board of the Building Society. The appointments are effective from January 2009.
Wayne Morris was formerly the Chief Executive Officer of Illawarra Mutual Building Society (IMB) from 1999 to October 2007. Wayne has had 30 years experience with IMB facilitating significant asset and profit growth and implementing systems and process improvements.
Kevin Jarry was formerly General Manager Australia Business Financial Services with National Australia Bank (NAB). Mr Jarry has more than 30 years banking experience. During his career with NAB he was responsible for all business banking in Australia overseeing more than 100 business banking centres and 500 regional and country branches.
Chairman of Newcastle Permanent, Michael Slater, said both men have extensive retail banking experience.
"Wayne and Kevin are highly regarded, both have been very successful in their careers and their knowledge and experience will complement the skill set of the Board," Mr Slater said.
A thorough search for suitable candidates was facilitated through an independent search agency.
The appointment of Wayne Morris and Kevin Jarry increases the number of Directors to eight.
"The Board is delighted with the calibre of the new Directors and looks forward to their contribution to the Building Society," Mr Slater said.
05 January 2009 - Free movies for families thanks to Newcastle Permanent
Families will be able to treat themselves to an evening at the movies, thanks to Newcastle Permanent's popular Cinema Under the Stars.
The free summer event gives families and friends the chance to relax at scenic King Edward Park, enjoy a picnic, watch the sun go down and enjoy the special atmosphere of watching movies in the great outdoors.
Cinema Under the Stars features a full-size movie screen and caters for up to 5,000 people.
Newcastle Permanent CEO Terry Millett said Newcastle Permanent was extremely pleased to be able to continue its partnership with Livesites for Cinema Under the Stars which is a perfect opportunity for families to enjoy a fun and free evening together.
Due to its success in Newcastle last year, Newcastle Permanent will also present Cinema Under the Stars at the Central Coast, and their new operating areas in Lismore and Tamworth in January and February 2009.
Entry is free. Gates open at 6.30pm and the movies screen at sundown. For more information on the Newcastle Permanentʼs Cinema Under the Stars visit www.newcastlepermanent.com.au/cinema
Movies to be screened include:
- Newcastle Mamma Mia – Saturday, 10 January
- Newcastle Wall-E and Newcastle – Saturday, 17 January
- Central Coast Mamma Mia – Saturday, 24 January
- Lismore Mamma Mia – Saturday, 7 February
- Tamworth Mamma Mia – Saturday, 14 February