BSB 802-396

We’re part of your local community

We’re a local organisation that cares about our community. That’s why we do our best to support people within our region. We’re loyal and we’ll always stick by our members through hardship and success.

We continuously strive to assist local organisations, charities and businesses achieve financial success. We’ve even developed a unique Partner Benefits Program to assist our local schools, charities and sporting organisations into the future.

Partner Benefits Program | Community Sponsorships

Illawarra Credit Union Partner Benefits Program

Our unique Partner Benefits Program is a profit-sharing partnership that benefits the community groups we partner with, through their involvement with our organisation. It’s an easy way to help raise funds for your club.

So, how does the Partner Benefits Program work? If you refer one of your family members, a friend, a work mate, a sporting buddy or a neighbour to take out a home or personal loan with us, we’ll pay your club a percentage of the loan balance on a quarterly basis for the life of the loan.

$17K

Throughout 2016-2017 our Partner Benefits Program supported eight sporting clubs and community groups. This program is just another way we support our local community and our members.

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*Example based on a home loan of $250,000 over 25 years, an interest rate of 5.00% p.a. and 0.20% is the partner’s share based on the loan balance. An amount of $495 is paid in the first year. As the loan balance decreases, the contribution amount to the club will reduce.

The Benefits To Your Club

The more people you refer to us, the bigger the financial benefit to your community group. Think about it, if 10 people you’ve referred take out a loan and nominate your club to receive the benefit, the bigger the amount we pay to your club each quarter.

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*Example based on 10 home loans of $250,000 over 25 years, an interest rate of 5.00% p.a. and 0.20% is the partner’s share based on the loan balance. An amount of $4,950 is paid in the first year. As the loan balance decreases, the contribution amount to the club will reduce.

When it comes to fundraising every dollar counts, so even one home loan referred by you will benefit your club over time. Over five years your fundraising efforts could add up to over $2,000 just from one referral.

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*Example based on an average home loan of $250,000 over a 25 year period, an interest rate of 5.00% p.a. and 0.20% is the partner’s share based on the loan balance. The total amount paid over a five year period equates to $2,363. As the loan balance decreases, the contribution amount paid to the club will reduce on a per annum basis but continue to grow in total.

How will you know who I’ve referred?

Too easy. All you need to do is provide your club name to the person you’re referring. Once we have the club name and their loan is funded, we’ll start paying your club on a quarterly basis. Don’t worry, we won’t share any of your personal information with the club.

The best thing about this program is that it’s not restricted to the members of your community group. Your parents, family members, work mates, friends and neighbours can all use your club name when taking out a loan with us, and the benefits will all go directly back to your club.

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Community Sponsorships

Because we’re local, we’re invested in our local community. Take a look below to see just what we’ve been getting up to.

If you’d like to enquire about a sponsorship opportunity with the Credit Union, get in touch with us and we’ll see what we can do.

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Important notes

Eligibility criteria, terms and conditions, fees and charges apply. Please refer to the Credit Fees and Charges brochure for current details on fees and charges applicable to our Loans.