What is U.C.I.S’ BSB number?
What account number do I use to make electronic transactions into my investment?
What is the U.C.I.S cross reference number?
What do “effective date” and “posted date” mean on statements?
How do I access my investment?
Can I access my U.C.I.S investments online?
Is U.C.I.S covered the Government guarantee on deposits?
Are my U.C.I.S investments secure?
Are U.C.I.S investments ethical?
Who can access U.C.I.S products and services?
Does U.C.I.S charge any account keeping fees?
Why do I have to be identified with U.C.I.S?
What is U.C.I.S’ BSB number?
U.C.I.S’ BSB number is 704-919. Use this number together with your “U.C.I.S cross reference number” to electronically transfer money into your U.C.I.S investment.
What account number do I use to make electronic transactions into my investment?
You need your “U.C.I.S cross reference number”. This number is displayed on the right of your statement, or you can request it by calling U.C.I.S on 1300 655 653.
What is the U.C.I.S cross reference number?
The U.C.I.S cross reference number is used to identify your specific investment, for example to transfer money into your U.C.I.S investment electronically.
What do “effective date” and “posted date” mean on statements?
The effective date is the date the transaction was performed. For example, the effective date may be the day you deposit money at your local Westpac, or the day you transfer money to your U.C.I.S investment from another bank account. The posted date is the business day when the transaction is recorded and received into your U.C.I.S investment. It’s usually the next business day. Your interest is calculated based on the effective date, when you actually performed the transaction.
How do I access my investment?
You can access your investment at any time online with U.C.I.S NetConnect, or by calling or faxing our Customer Service Team. You can deposit cash directly into your U.C.I.S investment at your local Westpac branch with a special U.C.I.S credit book, or you can set up a prenominated account at another institution to transfer money to and from. For more information, view our access page, or call our Customer Service Team on 1300 655 653.
Can I access my U.C.I.S investments online?
Yes, you can perform transactions and view information on your U.C.I.S investment using NetConnect. Find out more information or log in by clicking on the info button in the top right corner of our website www.ucis.com.au.
Is U.C.I.S covered the Government guarantee on deposits?
The Federal Government’s legislation (Financial Claims Scheme) is applicable to all banks, building societies and credit unions in Australia which are currently regulated by the Australian Prudential Regulatory Authority (APRA). U.C.I.S is not regulated by APRA due to its exemption (granted as Exemption 1 of 2006 of the Banking Act 1959), but submits its financial reports each year to ASIC to comply with other legislative obligations. Investments at U.C.I.S are not specifically secured but repayment is underwritten by the overall funds and assets of The Uniting Church in Australia Property Trust (Q.). U.C.I.S manages liquidity requirements on a daily basis using external banks that are guaranteed under the Government scheme, as a wholesale depositor.
Are my U.C.I.S investments secure?
Yes, your investments at U.C.I.S are secure. All investments at U.C.I.S are underwritten and supported by assets of The Uniting Church in Australia Property Trust (Q.). The assets of U.C.I.S are a mixture of church, commercial mixed use, specialised and residential properties around Queensland and interstate, i.e. these are real properties and not market linked investments. The current value of the Synod’s interests (not including land) is in excess of $2.1 billion. U.C.I.S’ cash investments are held in Australian Prudential Regulatory Authority (APRA) regulated and Federal Government guaranteed financial institutions. Our exposure to high profile investments, such as equities and property trusts is low—of total funds under management, only 6.5 percent is held in listed equities and 6 percent in listed property trusts. We have no (current or prior) exposure to offshore investments, Collateralised Debt Obligations (CDOs) or Credit Default Swaps (CDSs). Your investments at U.C.I.S continue to help us to power positive projects, such as building worship centres, hospitals, classrooms and aged care facilities.
Are U.C.I.S investments ethical?
As part of the Uniting Church, U.C.I.S seeks to uphold the values, Biblical principals and ethical standards of the church. Your investment helps us to finance the work of Christian churches, schools, charities and community service organisations. We avoid investing in companies whose products, services or practices cause or perpetuate injustice and suffering, infringe human rights or cause unacceptable damage to the natural environment. U.C.I.S seeks to make fair judgements in our lending criteria so that we will not put an individual or organisation in a situation causing undue financial stress. And by investing at U.C.I.S, you’re helping the work of the Uniting Church in Queensland.
Who can access U.C.I.S products and services?
We serve churches, organisations, Uniting Church ministers and individuals.
Churches and organisations can benefit from a variety of everyday and long term investment products, personalised lending options, Mutual Support, Giving Direct and motor vehicle finance, leasing and fuel card options for ministry teams.
Uniting Church ministers can benefit from home and personal loans, everyday and long term investment products, financial planning and fuel purchasing cards.
Individuals can benefit through everyday and long term investments, Mutual Support investments, Giving Direct and financial planning services.
Does U.C.I.S charge any account keeping fees?
No, unlike most banks, U.C.I.S charges no ongoing fees for the upkeep of your investment at U.C.I.S, or for Uniting Churches who maintain a cheque book. From time to time, U.C.I.S may charge dishonour fees or excess transaction fees if you operate your investment outside its specific Terms and Conditions. Although not account keeping fees, some specific services have costs associated with them that you may need to be aware of:
- U.C.I.S Fuel Card (card fee of $2.50 per month)
- cheque encashment facility (first three year period paid by U.C.I.S, then $55.00 for the next three year period)
- Giving Direct annual fee ($50 per year)
Why do I have to be identified with U.C.I.S?
U.C.I.S is required by federal legislation to appropriately identify all signatories, investment and loan holders. New identification requirements have recently been introduced under the Anti Money Laundering and Counter Terrorism Financing Act 2006 (AML/CTF Act) that may require some existing clients to provide additional identification information. For more information, read U.C.I.S information Becoming Identified.
Have we answered your question? If not, contact us.