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The following Central West Credit Union Loan Application Form can be submitted to us electronically once all relevant details have been filled in.
Before completing your application online, please ensure that each person applying for the loan reviews our Privacy Notice.
If you are an existing member, you can also download our application forms and return either by post to one of our branches, or by email (with supporting documents) to [email protected].
Ready to apply for a loan?
By proceeding to the application, you are agreeing that each person applying for the loan consents to the information presented on this page.
Required Information
To assist with fast processing of your loan application, the following information needs to be supplied, when you submit you completed loan application.
1. Confirmation of Income
Salaried Employees
- Three payslips not more than three months old OR
- A letter from your employer, stating your gross and net income, plus the commencing date, if you started after the last financial year
Self Employed Applicants
- The last two years Business and Personal Tax Returns with ATO Notice of Assessment
- Printout from ATO Portal showing current taxation liability position
- BAS statements for the current financial year
- Interim Profit & Loss for the same period as BAS statements
- "Start up" Business Loan Application - Cash Flow Forecast for the next 12 months
Centrelink Recipients
- A copy of your Bank statement for the past three months OR
- A letter from Centrelink detailing current benefits
Owners of rental properties
- Copy of lease or the latest statement from you Real Estate Agent OR
- A letter from a Real Estate Agent, stating what the property could be rented for, if the property is not already leased.
2. Confirmation of Liabilities
Loans
- Copy of current statement showing name, balance and instalment
Credit/Charge Cards (including Zip Pay/Money, After Pay
- Copy of latest statement showing name balance and credit limit
Tenants of rental properties
- Copy of Lease Agreement, current rent receipt or Real Estate Agent Tenant ledger
3. Confirmation of Residency
- A copy of a Utilities Account (rates, electricity, phone) no more than 4 months old, confirming your current residential address
4. If you are not currently a member of CWCU or you don't use CWCU as your main financial institution
- Please provide a 3 month statement of your main bank account
Privacy Notification
Outline
This Privacy Notification sets out:
- why we collect and use your information
- how we collect and use your information
- what happens if you do not wish to provide us with information
- whether we provide your information to other entities
- the availability of our Privacy Policy
- when we can disclose certain information to a credit reporting body
- how a credit reporting body may use your information
- whether we disclose your information overseas and if so, where
- how you can contact us.
Collection & use of your information
We collect and use your information to:
- provide you with membership benefits, financial services and products or information about those benefits, services and products
- provide you with information about financial services and products from 3rd parties we have arrangements with
- conduct market and demographic research in relation to the products and services you and other members acquire from us
- establish your eligibility for a loan
- establish your capacity to repay a loan.
The law also requires us to collect and hold your information:
- for our register of members under the Corporations Act
- to verify your identity and meet our obligations under the AML/CTF Act
- to assess your capacity to pay a loan under the National Consumer Credit Protection Act.
How we collect your information
We will collect information about you and your financial position from you directly
When you apply for a loan, we will collect information about your credit history from a credit reporting body.
How you can access your information
You can request access to your information at any time.
What if you do not wish to provide us with information?
If you do not give us the information we require, we may not be able to admit you to membership or provide you with the financial service or product you have applied for.
Providing your information to credit reporting bodies
The credit reporting body we disclose information to is Equifax.
If you do not make your repayments when they fall due or commit a serious credit infringement, we may disclose this to Equifax. Any information we provide to Veda will be included in reports provided to credit providers to help them to assess your creditworthiness.
You can ask Equifax not to use your information for pre-screening of direct marketing by a credit provider. You can also ask them not to use or disclose your information if you reasonably believe that you have been or are likely to be a victim of fraud.
Equifax’s policy on the management of information is available at www.mycreditfile.com. You can contact Equifax by:
- Website - www.equifax.com.au/contact
Providing your information to other entities
We disclose your information to other entities. We can disclose your information to:
- entities that verify identity or help us comply with our obligations under the AML/CTF Act
- providers of payment and card services, when you make a transaction using a payment service or a card
- entities that help identify illegial activities and prevent fraud
- lawyers, conveyancers, accountants, brokers and agents who represent you
- contractors for statement printing and mail out, card and cheque production, market research or direct marketing
- affiliated product and service suppliers to provide information to you about their services and products
- credit reporting bodies and other financial institutions that have previously lent to you
- persons you use as referees
- for property loans – property valuers and insurers
- mortgage documentation service
- trustee and manager of securitised loan programs
- any guarantor or proposed guarantor of a loan
- debt collection agencies, lawyers, process servers
- our auditors.
- for loans guaranteed by the National Housing Finance Investment Corporation (NHFIC) as part of the First Home Loan Deposit Scheme - to the NHFIC or the Commonwealth to meet the requirements of the scheme
We may disclose your personal information to a lenders mortgage insurer, QBE LMI, if we decide to insure the loan.
We and the above third parties will also disclose your information to law enforcement and government agencies as required by law.
Our Privacy Policy
Our Privacy Policy is available at www.cwcu.com.au.
The Policy contains information about:
- how you can access your information
- how you can seek correction of your information
- how you make a complaint and how we will deal with it
- in what overseas countries we are likely to disclose your information.
- Disclosure to overseas recipients
Overseas Disclosure
We do not currently disclose your credit information or credit eligibility information to entities that do not have an Australian link.
We do not currently disclose any of your other information to overseas recipients.
How to contact us
If you have any questions, wish to request a correction of the personal information we hold about you, or wish to make a complaint, you can contact us at:
Ready to apply for a loan?
By proceeding to the application, you are agreeing that each person applying for the loan consents to the information presented on this page.