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Members Notice/Update (Archives) Public Notice Archives

Planned System Maintenance

Dear Valued Members

As part of ncsl’s usual end of month processing, all digital channels will not be accessible tonight Wednesday 31st May 2023 from 10pm to 12am.

We will advise as soon as processing is completed, and digital services are available.

Thank you for your patience and continuous support.

Authorized by Management

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Public Notice Archives

Branch Update

Dear Valued Members

We are pleased to advise that services have been fully restored to our Alotau and Madang Branches

We thank you for your patience as we work to restore services at our remaining branches nationwide. We will provide progressive updates once they become available

If you have queries or concerns, please contact our contact centre on 207 2000.

Authorized by Management

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Members Notice/Update (Archives) Public Notice Archives

Timely Allocation of Contribution from Employers

Dear Valued Members We are currently experiencing delays with timely allocation of employers contributions due to BSP’s new core banking system upgrade. The New System does not allow ncsl to download bank statements with complete subscriptions on deposits. Due to this, we are having difficulties allocating payments/contributions to member accounts. Members are encouraged to use alternative bank accounts listed below when transfering contributions or loan payments. Please expect delays in updating of your contributions if you are still depositing your contributions if into our BSP accounts. Authorized by Management  
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Members Notice/Update (Archives) Public Notice Archives

Public Holiday – Monday 22nd May 2023

Dear Valued Members,

Monday the 22nd of May, 2023 is declared a public holiday for the National Capital District to mark the occasion of the forum of India-Pacific Islands Cooperation in Port Moresby.

Our Branch operations in NCD and our head office will be closed and we will resume normal operations on Tuesday May, 23, 2023. All other ncsl branches will operate as normal.

Authorized by Management

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Members Notice/Update (Archives) Public Notice Archives

Branch Update

Dear Valued Members,

We are pleased to advise that services have been fully restored at our Goroka and Tabubil branches.

We thank you for your patience as we work to restore services at our remaining branches nationwide. We will provide progressive updates once they become available.

If you have any queries or concerns, please contact our call centre on 2072000

Authorized by Management

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Media Release (Archives) Notice of the day (Archives)

ncsl engages with members in NCD and Morobe

Nasfund Contributors Savings and Loan (ncsl) has hosted members conferences in Lae and Port Moresby last week.

The Port Moresby conference was held on Wednesday the 10th of May at the Hilton Hotel. Participants, comprising of numerous business houses, were addressed by Chairman Ian Tarutia, and Chief Executive Officer Vari Lahui, as well as other senior managers.

Following the conference in Port Moresby, Chairman Tarutia said, “This has been a challenging second quarter in light of recent IT issues. This engagement was very important in that it gave employers an opportunity to speak directly with our team, especially during the Q&A session at the end of our presentations. We were also able to discuss remedial actions currently underway to restore full services for our members, including the important Poro Card service. We shared ncsl’s strong results for 2022, delivering an overall crediting rate of 6% to our members. This is something we are very proud of.”

On Thursday the 11th of May, ncsl held conference in Lae. Members were represented by their employers. The conference was hosted at the Lae International Hotel and was well attended. The ncsl team was led by CEO Vari Lahui, who presented updates on remedial action being taken by ncsl to address issues with the online portal, Poro Card system and USSD service. The 2022 financial results were also shared.

The ncsl team paid a visit to Ramu Agri Industries Limited on Friday the 12th of May. Ramu Agri Industries Ltd, located in the Ramu Valley is part of the New Britain Palm Oil Group, the largest private sector employer in Papua New Guinea with over 24,000 employees.

At all engagements ncsl CEO Vari Lahui was pleased to report consistency in ncsl’s performance with a 5.7% average crediting rate paid to members over the past five years. “Despite challenging economic conditions during the period, we maintained a strong performance record, providing consistent returns to our members. We acknowledge that the last few months have been difficult for our members given IT challenges that have impacted our service offering. We have improved our customer care services with the establishment of a call centre and are monitoring our official social media channels to improve customer experience for our members.”

During each engagement, members were assured that despite the system outage, member funds are safe with most services restored, with access to e-Banking Services back to normal and no impact to the Core Banking System.

ncsl continues to grow from strength to strength and remains committed to supporting the aspirations of members, by delivering essential and affordable financial services.

Pictured below is ncsl Chairman, Ian Tarutia, OBE.

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Members Notice/Update (Archives) Public Notice Archives

Planned System Maintenance

Dear Valued Members,

A planned system maintenance will take place this evening between 8pm and 9 pm.

During this time, services on our e channels will be unavailable. We apologize for any inconvenience this may cause.

Thank you for your understanding

Authorized by Management

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Notice of the day (Archives)

ANNUAL GENERAL MEETING

Take note That the 8th Annual General Meeting of the NASFUND Contributors savings & loan society limited will be convened as provided hereunder:

    Date:

Wednesday 31st May 2023

Time: 10:00am – 1:00pm

Venue: Grecian & Venetian Rooms, LAMANA HOTEL – PORT MORESBY

Agenda

  • 1. Opening prayer
  • 2. Minutes of previous Annual General Meeting
  • 3. Chairman’s Report
  • 4. Management Report
  • 5. Presentation of 2022 Audited Financial Statement
  • 6. AOB

To Register your Attendance, Email: agm@ncsl.com.pg

Authorised by Management

Categories
Members Update Notice of the day (Archives)

Delay in payments to Members with BSP Accounts

Dear Valued Members,

We continue to experience issues with processing payments via BSP. We are anow processing payments to our BSP members accounts via Kina Bank. This may cause a slight delay in funds being credited to members BSP accounts, and we apologize for any inconvenience this may cause.

Members are advised to provide bank accounts in alternate commercial banks for faster processing.

We are working closely with Kina Bank and BSP to manage this process.

Thank you for your patience and understanding.

Authorized by Management

Categories
Members Notice/Update (Archives) Public Notice Archives

Delay in Payments to Members with BSP Accounts

Dear Valued Members,

We continue to experience issues with processing payments via BSP. We are anow processing payments to our BSP members accounts via Kina Bank. This may cause a slight delay in funds being credited to members BSP accounts, and we apologize for any inconvenience this may cause.

Members are advised to provide bank accounts in alternate commercial banks for faster processing.

We are working closely with Kina Bank and BSP to manage this process.

Thank you for your patience and understanding.

Authorized by Management