Media
15 September 2021
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australiacambodiamyanmar
Cufa’s 50 Year Book

We are proud to announce that thanks to the hard work of Greg Patmore and Mark Westcott, Cufa now has a definitive and comprehensive history of us!

The book details the 50 years of Cufa’s development, from our origins in 1971 to our modern programs in the Asia-Pacific region. It covers our long history with Credit Unions here in Australia and abroad, and how Cufa has become what it is today. Thanks to the diligent research done by Greg Patmore and Mark Westcott, the book offers in depth insights into the inner management of Cufa at key moments. Patmore and Westcott, with their deep knowledge of the Credit Union Movement, provide a robust history of the Australian, and at points global, Credit Union Movement.

Complete with images from across our 50 year history, the book tells not only Cufa’s story, but the wider story of the community minded spirit of the Credit Unions and the transformation of the industry from 1971 to 2021.

If you are interested in purchasing one, please contact marketing@cufa.org.au

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17 August 2021
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australia
A Throwback to our Work in Australia

In our 50th year, we reflect on our work with indigenous communities in Australia. In 1973, Cufa became involved with the Walgett Community Credit Union in NSW to develop credit unions in Aboriginal and Torres Strait Islander community.

In 1974, Cufa provided an interest free loan of $4,000, worth $33,928 today, to allow the credit union to purchase a mobile office to facilitate the collection of funds. By 1979, Cufa continued delivering training on credit union functions and administrations to indigenous communities by endorsing campaigns to other credit unions in the Sydney Metropolitan Area alongside the State Government Employees Credit Union (SGECU).

Following the devastating cyclone Tracy, Cufa provided $391, worth $3,316 today, to assist members of Northern Suburbs Credit Union, then located in Rapid Creek, one of the most devastated areas by the cyclone. In the coming years, Cufa would also commit to provide travel funding for young Australian credit union members to attend youth forums and Australian credit union educational forums.

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14 December 2020
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australia
Fundraising during the COVID-19 pandemic

Teacher's Mutual Bank Limited (TMBL), a long-time supporter of Cufa, recently undertook a workplace fundraiser for Cufa, that not only raised money, but was a fun and creative activity for the TMBL team. Due to the added challenge of a global pandemic that forced everyone to work from home they needed to create an engaging and fun activity that everyone could participate in. TMBL has done workplace fundraisers for the last several years, hosting events such as sausage sizzles, movie nights and pie your boss in the face.

The staff at TMBL figured out a creative solution they would put together dry cookie mix jars. A dry cookie mix jar, for those unaware, is what it says on the box. It's all you need to make cookies, with exception of the wet ingredients such as egg, vanilla extract and butter.

It's a testimony to the team that they were able to solve this logistical challenge, working with staff across the country to produce over 100 jars! Those 100 jars, plus a raffle that they generously put together, was able to raise $1,906.

This donation means a lot to Cufa. It is not just about the monetary value, it’s the effort that the TMBL team put into preparing the jars, reaching out to their colleagues and organising the logistics. We appreciate that the team, during a stressful pandemic, were thinking of those less able to help themselves. Cufa and the communities it partners with thanks the TMBL team for all their hard work and commitment during this difficult time.

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14 December 2020
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australia
Fundraising during the COVID-19 pandemic

Teacher's Mutual Bank Limited (TMBL), a long-time supporter of Cufa, recently undertook a workplace fundraiser for Cufa, that not only raised money, but was a fun and creative activity for the TMBL team. Due to the added challenge of a global pandemic that forced everyone to work from home they needed to create an engaging and fun activity that everyone could participate in. TMBL has done workplace fundraisers for the last several years, hosting events such as sausage sizzles, movie nights and pie your boss in the face.

The staff at TMBL figured out a creative solution they would put together dry cookie mix jars. A dry cookie mix jar, for those unaware, is what it says on the box. It's all you need to make cookies, with exception of the wet ingredients such as egg, vanilla extract and butter.

It's a testimony to the team that they were able to solve this logistical challenge, working with staff across the country to produce over 100 jars! Those 100 jars, plus a raffle that they generously put together, was able to raise $1,906.

This donation means a lot to Cufa. It is not just about the monetary value, it’s the effort that the TMBL team put into preparing the jars, reaching out to their colleagues and organising the logistics. We appreciate that the team, during a stressful pandemic, were thinking of those less able to help themselves. Cufa and the communities it partners with thanks the TMBL team for all their hard work and commitment during this difficult time.

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31 July 2020
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australiacambodiamyanmar
Cufa Joins to work with #End Covid-for-All

Cufa has partnered with other Australian NGO’s to help End Covid For All. Led by ACFID, the group involves Australian NGO’s such as World Vision, TEAR, Fred Hollows and Habitat for Humanity, and over 90 other organisations from Australia. 

 

In Australia we are still experiencing the effects of Covid-19, and there is significant work to be done in Australia to further reduce the spread. Though Australia has the capacity to prevent the spread, reduce the impact on families, many countries in the world are not so lucky. 

 

In India cases continue to grow, at over 1.5 million cases; in our northern neighbour in Indonesia, cases have risen to over 100,000. Increasingly it is the poorest countries in the world that are feeling the strongest effects of Covid-19.  End Covid- for- All aims to help the poorest countries through three simple steps. 

 

Firstly, End Covid For All aims to combat Covid in the existing crisis areas, which have previously experienced other pandemics before, including malaria, Ebola and polio. By equitable funding and investment in global health programs, we can help prevent further disease outbreaks. 

 

Additionally, a robust response to Covid-19 will require a provision of testing kits, PPE, information campaigns and medical equipment. Vulnerable and marginalized groups, who include women, children, the elderly and people with disabilities, are of particular concern, as the health response must be made inclusive and accessible to them. At the same time, we must continue to support existing programs, such as water projects, maternal and child health, sexual and reproductive health. 

 

Finally, there will be the need to help kickstart the economy safely and sustainably in the Pacific. Safe resumption of regional economic ties between the Pacific and Australia, and the provision of low-cost loans for the Pacific to provide vital health infrastructure is key to kickstarting economic recovery. 

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30 June 2020
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Waking the Asian Pacific Co-Operative Potential

Published Yesterday, Waking the Asian Pacific Cooperative Potential is an academic look into how mutual firms and credit unions have had meaningful change in the Asia Pacific Region. Cufa's CEO, Dr Peter Mason, has contributed an insightful piece on the history of our long term partner organisation, Teachers Mutual Bank.

 

Dr.Mason’s look takes us through the beginning of the Credit Union movement following the end of the second World War, one of these was the Hornsby Teachers Credit Union, which began in the early 1960’s. Their growth started due to ‘local financial institutions not meeting the needs of the community, due to not only access, but the types of financial products that these institutions offer, perceived unaffordability of interest rates, or financial products that do not meet social needs.’. As they developed, they held a core philosophy of ‘teachers helping teachers’, and their early days reflected that, the early members beginning by recruiting new members during their lunch breaks. The Hornsby Teachers Credit Union became the NSW Teachers Credit Union in 1967, and thanks to automatic payroll deductions, they grew rapidly.

 

The NSW Teachers Credit Union was one of many credit unions during the height of the 70s, at their peak numbering 833 in total. These credit unions pioneered the first 24 hour Automatic Telling Machines in Australia, and continued to grow into the 80s, and by 1991 they had grown to over 64,000 members and provided over $1 billion dollars in loans to their members.

 

The book takes an analytical approach to the Asian Co-operative Model, as well as Agricultural Co-operatives, Credit Co-operatives and Worker Co-operatives. Though not written as a coffee table book, it definitely is a book to keep your eye out for if you are keen to understand the intricate and rich history of the Asia-Pacific Co-operative environment.

 

 

 

 

 

 

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17 June 2020
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australia
Members and Supporters of Cufa

Dear Members and Supporters of Cufa,

Cufa would like to inform you that in an effort to continue to maximise the amount of funding that Cufa delivers to our programs overseas, it has been decided to change our Auditor from Grant Thornton Level 17/383 Kent St Sydney NSW 2000 to BDO, Level 11/1 Margaret St Sydney NSW 2000. 

Kind regards.

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04 June 2020
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australia
Welcoming Our New Board Directors

We are proud to welcome these three new directors onto the board of Cufa Ltd. These new board members have been chosen due to their wisdom and knowledge in key areas relevant to Cufa.

 

Damon Jalili

Damon is a government relations and strategic communications specialist with over 20 years’ experience in designing and delivering government relations, strategic communications and social research programs for high profile clients in Australia and internationally. He has experience in Federal Government working for the Finance Minister as well as on multiple federal and state political campaigns. Damon is the owner and Principal of Christmas Jalili, a public affairs, strategic communications and social research advisory consulting private sector organisations and industry groups on issues in business, finance and politics. Prior to that, Damon was also a Partner and Head of the Government Relations Practice at Kreab (formerly Gavin Anderson).

 

Jo Maloney

Jo is a senior executive with more than 15 years’ experience working across non-profit and government sectors to build awareness of complex social issues in Australia and South East Asia. Her expertise encompasses media relations, government engagement, fundraising, community development and corporate partnerships. Jo was the CEO of Project Futures, and the International Policy Advisor for the Department of Prime Minister and Cabinet and the Senior Communications and Partnerships Adviser, World Vision Australia. Jo was a member of the Red Cross International Humanitarian Law Committee.

 

Amanda Young

Amanda Young is an Indigenous woman to the Pacific Islands who has worked extensively across the political, social and economic equity of Indigenous people. A lawyer by trade, she has worked in criminal law, government, commerce and as the CEO of an Australian Indigenous economic charity where her impact led to the first Indigenous financial wellbeing strategy, a world-first Indigenous financial edutech program and a superannuation outreach program which reunited $24 million Indigenous superannuation with its remote and regional owners in a matter of days. This work earned her several award nominations and successes. As an Atlantic Fellow for Social and Economic Equity at the London School of Economics, and has attended Harvard and Stanford executive business schools, Amanda’s most recent work is on global regenerative and distributive economies.

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