
Changes to our Account and Access Facility Conditions of Use
Notice to Customers Illawarra Credit Union is making changes to our Account and Access Facility Conditions…
News
In response to the Reserve Bank of Australia (RBA) board's announcement to decrease the cash rate by 0.25%, we are pleased to announce that effective 5 March 2025, interest rates for existing variable Home Loans and variable Home Loans funded prior to 5 March will decrease by 0.25%.
As a result of the changes above, your repayments will change and this will be reflected in your next repayment that falls due after 5th March 2025. You’ll be able to view the new repayment amount when you log into internet banking after the 5 March 2025. Please note, any repayments due before the effective date will remain at the old repayment amount.
For members on a Fixed Rate, as per your loan contract, the loan will revert to the variable rate applicable to your loan type at the time of expiry.
Interest rates for new fixed and variable loans are available here and are subject to change.
If you’d like to discuss this update further, please email [email protected] or call our team on 1300 132 249 9am – 5pm AEST Monday to Friday.
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