Press Release: Financial Synergy : Financial Synergy's CUBS Super Shared Platform Broadens Member Services at Bankstown City Credit Union

Leading superannuation and investment software provider and innovator Financial Synergy, today announces Bankstown City Credit Union (BCCU) has gone live with the simple, non-advice superannuation product, CUBS Super. The shared super platform has fast tracked the expansion of BCCU's offering which aims to retain and grow its nearly 5,000-strong member base. CUBS Super allows mutual operations, such as Bankstown City Credit Union, to cost effectively enter the 2.2 trillion dollar superannuation market, expand its product range and, vitally, retain and attract member customers. This web-based, white label option has enabled BCCU to rapidly enter the market without the cost and complexity of a standalone implementation. "Financial Synergy's CUBS Super has helped us to quickly and easily enter the superannuation market with a BCCU badged product that's fully integrated into our service range and our backend systems," said Peter Mogg, Chief Executive Officer of Bankstown City Credit Union. "We now have a powerful tool to help us retain members, and attract new ones, who would previously have had to go elsewhere for super." Financial Synergy CEO, Stephen Mackley explains: "BCCU is benefitting from the power of a shared platform that has been custom built for mutuals. It can remain independent and thrive while providing an excellent and expanding offering to its members." CUBS Super has now been implemented by five institutions, including Defence Bank, Qantas Credit Union, Hunter United Credit Union and Victorian Teachers Mutual Bank./EndsAbout Bankstown City Credit Union Opened in 1965 as the credit union for Bankstown City Council staff, its focus for over 45 year has been to provide a range of financial services and products to help members achieve their goals and improve their lifestyle. www.bccu.com.auAbout CUBS Super Custom built in 2011 by Financial Synergy for Credit Unions and Building Societies, CUBS Super provides institutions with the ability to broaden their offering with a simple, non-advice superannuation product, under the CUBS' own brand name, and provide flexible super options to members while having the cash component invested with CUBS. Designed to integrate with CUBS' existing online banking services, customers can enjoy seamless transactions in real-time. As a secure online service, members can track their own super with transaction and asset summaries; update their details; set up direct debits and make payments to their super; rollover super from another fund into their CUBS Super account; request and update insurance; and check their investment profile and switch investment options.About Financial Synergy Financial Synergy is a leading provider of solutions to the superannuation and investment services industry. By using the expertise of in-house software specialists, fund administrators and independent trustees we deliver solutions that maximise the member experience and boost business performance. Our clients include some of Australia's leading superannuation funds and providers who will use our cutting edge AcurityTM software to manage over 4 million superannuation accounts representing over 250 billion dollars in funds under administration. With offices in Melbourne, Sydney and Brisbane, Financial Synergy is proudly Australian owned and operated for more than thirty years. www.financialsynergy.com.au For media interviews, graphics and further information contact: Cathryn van der Walt, 12 Worlds Tel: 0402 327 633 E: Cathryn@12worlds.com Bruce Hassed, Financial Synergy P 07 3226 8179 bruce.hassed@financialsynergy.com.au