Board of Directors



Member and owner since 2002

B Bus. (Marketing), Grad Cert Internet Mkt., AFAMI, JP, AMP (Harvard)

Chair of Directors,

Chair of Corporate Governance and Remuneration Committee

Mr Nugent joined the Board as a Director in May 2002. Stephen has more than 30 years experience in the finance and insurance industries and was formally the Chief Customer Officer for The Hospital Contributions Fund of Australia Limited (HCF).

Stephen brings to the Board a wide range of experience in project and operations management, process improvement, sales, marketing, customer service, financial management, retirement and aged care, strategic planning and compliance. 



MATTHEW HAES  (Associate Director)

Member and owner since 2011

B. Economics, CA

Member of Board Audit and

Board Risk Committees

Mr Haes joined the Board as an Associate Non-Executive Director in December 2015. He was previously a Director of Northern Beaches Credit Union Ltd from 2011.

Matthew has been the Chief Financial Officer and Company Secretary for the past four years at HUB24 Limited, an ASX listed financial services technology company whose market capitalisation has increased from $40m to in excess of $200m over the last three years.

Matthew is a Director of the HUB24 Group’s subsidiary companies, a Responsible Manager, a member of the executive committee and serves the committees of the Board.

Matthew’s financial services experience spans over 19 years in senior finance roles, covering wealth management, securitisation, capital markets, stockbroking and funds management.

He spent eight years as Finance Manager and Company Secretary at Centric Wealth Limited where he developed the finance function and integrated businesses resulting from the company’s merger and acquisition activities, taking group revenues from $10m to in excess of $80m.

He was Chairman of the Audit & Risk Committee for Northern Beaches Credit Union for four years until the merger with Yapikredi Turkey Financial Service.




Member and owner since 2005

BAppSc (OT), EMBA (AGSM), GradDip Safety Science, FAICD

Member of Corporate Governance and Remuneration Committee

Jacki was appointed to the new role of Group Executive, People, Performance & Reputation in January 2016, responsible for the functions of people and culture, corporate and government affairs, shared value and the IAG Foundation.

Previously Jacki was Chief Executive for IAG’s New Zealand business, since November 2010 doubling the size of the company during her 5 years there and leading the team in disaster recovery following the Christchurch Earthquakes. She is also a member of the UNEP FI Steering Committee. Former roles include President of the Insurance Council of New Zealand, and Chair of the Christchurch Recovery Chief Executives’ meeting. Jacki continues in her role as Executive Director IAG NZ.

Since joining IAG in 2001, Jacki has held several senior positions in both direct and intermediated insurance, including as Chief Executive Officer of IAG’s business partnerships division, now part of CGU. Jacki also established IAG’s online start up business, The Buzz which received an Australia Business Award in 2010 for outstanding achievement in Innovation.

Jacki was recognised by the NZ Herald in December 2015 as NZ Executive of the Year. She is a former Non Executive Director of the New South Wales WorkCover Authority and the Personal Injury Education Foundation.


Member and owner since 1989

Assoc Dip Accounting, Cert Financial Markets (SIA), Dip Law, Solicitor & Barristers Admission Board, MAMI

Member of Board Audit and Board Risk Committees

Ms Kelly joined the Board as an Associate Director in May 2002 and was elected to the Board in 2003. Nuria has more than 20 years experience in financial planning and management, with qualifications from the Securities Institute of Australia and an Associate Diploma in Accounting and a Diploma of Law. Nuria has recently retired as principal of a Financial Planning and Stockbroking Practice and brings to the Board her experience of working closely with Turkish Federal's members through her financial planning and stockbroking role. Nuria was previously Head of Financial Services Sydney with RSM Bird Cameron.

Ms Kelly is also a Director of Foot of the Mountains Pty Ltd which owns retail businesses in the Blue Mountains. Foot of the Mountains also holds interests in various properties and online businesses. 



Member and Owner since 2004

B. Comm (Honours), CPA, CA, MAMI

Member of Board Audit and Board Risk Committees

Mr Korchinski was appointed to the Board in June 2004 to fill a casual vacancy. Stuart has spent the last 27 years in the accounting profession and the general insurance, superannuation, wealth management and related technology industries in a variety of leadership roles. He is a Chartered Accountant and former Managing Director of ASX-listed Diversa Limited, CitiStreet Australia, Telstra’s KAZ Business Services, Australian Administration Services and Chief General Manager of Allianz’s personal insurance business. He is also a former Non-Executive Director of Enhanced Payment Technologies, Thai Administration Services Co. Ltd  and financial advice company, Money Solutions.

Stuart is currently an Executive Director and CEO of SuperChoice Services Pty Ltd, a specialist superannuation technology company, Chairman of Datacenter Limited and Director of Centec Securities Pty Ltd and PayClear Services Pty Ltd.




Member and Owner since 1999

B. Rur. Sc. (Hons) UNE, MAMI

Member of Corporate Governance and Remuneration Committee

Mr Lowndes was appointed to a casual vacancy on the Board in March 2001 and elected as Chair on 1 July 2008. Stephen has 30 years experience in data analysis, systems development, policy formulation, strategic planning, executive management and industry representation, gained in the Commonwealth public service, private health insurance, aged care and health industries. Stephen has served on the Boards of the Australian Friendly Society Association, the Australian Health Services Alliance and the Australian Health Insurance Association, and a number of not-for-profit community services organisations.

Stephen was formerly a member of the Management Board of Manchester Unity Credit Union, Chief Executive of Manchester Unity Australia Ltd and CEO of the Aged and Community Services Association of NSW and ACT, a peak industry association representing not-for-profit aged care providers.

Stephen is currently the Chief Executive Officer of the Royal Rehabilitation Centre Sydney, a not-for-profit specialist rehabilitation and disability hospital.





Member and owner since 1968

Dip Fin Serv, Ass. Dip. Bus. Mgt., FAICD Dip, AARPI, FAMI, AIMM.

Chair of Board Audit and Board Risk Committees

Mr Pickering has been a Director since 1972 serving as Chair between 1984 and 1992 and Vice Chair between 1982 and 2009. Ken has had a close affinity with the broader Credit Union movement through his service on CUSCAL’s National Membership Council between 1990 and 2000, as CEO Australasian Institute of Credit Union Directors between 1995 and 2005 and Executive Manager Professional Development for Australasian Mutuals Institute between 2006 and 2015.

Prior to this, Ken had 25 years’ experience at Sydney Water, including a number of executive management positions relating to the change management program launched from 1983. Since 1993 he has been engaged in the provision of business management and consultancy services in both the credit union industry and small business along with some property development projects.

In December 2014 Ken commenced in a new role as Learning & Development Consultant for the Institute of Strategic Management and he remains on the Advisory Board for that Institute as well as being a Trustee of two self- managed superannuation funds.

He is a Graduate of the Diploma Course, has been a Fellow of the Australian Institute of Company Directors for more than 20 years and in 2016 was admitted as an Associate of the Risk Policy Institute.





Member and owner since 2013

Grad.Dip.Corp.Man, MBA, GAICD, MAMI

Member of Board Audit and Board Risk Committees

Mr Scopelliti joined the Board as a Non Executive Director in March 2013. Rocky is the Global Industry Executive – Banking, Finance & Insurance  at Telstra Global Enterprise Services and Telstra’s industry thought leader in Financial Services.

His pioneering work has delivered industry first innovations and his research methodologies have contributed into work undertaken by the World Economic Forums Disruptive Innovation in Financial Services program.

Rocky has more than twenty years senior management experience in the information technology and financial services sectors with Telstra Corporation and the Commonwealth Bank of Australia covering product development, strategy, business development, marketing and research.

A distinguished author and international speaker, Rocky has produced eleven thought leadership research reports on the impact of demographic and digital technologies that have become widely acknowledged for their contribution to digital transformation.

Educated in Australia and trained in the United States, at Sydney University and Stanford University, Rocky has a Graduate Diploma in Corporate Management and a Masters in Business Administration. He is also Graduate and member of the Australian Institute of Company Directors.





Member and owner since 1979

Grad.Dip.Corp.Man, MBA, GAICD, MAMI

Member of Corporate Governance and Remuneration Committee

Mr Thomson joined the Board of Yapikredi Turkey Financial Service as a Non Executive Director in December 2015. He was previously a Director and Chair of Manly Warringah Credit Union Ltd since 2006.

Gary has a broad range of experience in strategic planning, risk management, executive management and governmental partnerships.

Gary is employed as a Project Manager at Singleton Council. From 2010 to June 2016 he was Assistant General Manager at Singleton Council following 3 years working as a consultant in the areas of planning and business reorganisation particularly related to waste management. Prior to this he worked for Warringah Council for 28 years where his finishing role was as Director of Customer and Community Services.

He has extensive Board experience having previously been a member of the Glen Street Theatre Board of Directors and Hunter Resource Recovery Boards of Directors and he is currently a Director of Balmain Rugby League Football Club and Balmain Leagues Club.

Gary has a Graduate Diploma in Local Government Management and a Diploma in Government.


Member and Owner since 2005

B.Comm (Accy), FCPA, MBA

Chief Executive Officer, Company Secretary and Director Credit Card Company Pty Ltd and Green Environment Finance Pty Ltd

Member Corporate Governance and Remuneration Committee

John joined Turkish Federal in May 2005 as Chief Executive Officer. He has spent over half his career working in senior and general management positions with medium and large sized credit unions and previously had a diverse background in the steel, manufacturing, oil and health industries.

John has extensive experience in strategic planning, corporate governance and secretarial duties; finance and treasury; risk management; compliance and information technology. John is a Director of TransAction Solutions Limited (TAS), a facilities management company, and is also the Chair of the Board Audit and Risk Committee at TAS.

John holds a Masters of Business Administration degree and is a Fellow of the Australian Society of Certified Practising Accountants (CPA).



Member and Owner since 2010


Chief Operating Officer and Director Credit Card Company Pty Ltd and Green Environment Finance Pty Ltd

Rick joined Turkish Federal in December 2010 as Head of Information Technology. In May 2011 he was appointed to the role of General Manager Support Services. Currently Rick is the Chief Operating Officer. This role’s responsibilities include Turkish Federal’s information technology, lending, talent management and operations. Rick has international experience having worked in Scotland and Asia for five years and has spent over half of his career working in senior and general management positions in banking or financial services companies and previously a diverse background in consulting, insurance and travel industries.

Rick has extensive experience in strategic planning, information technology, operations, change and program management. Rick has previously held Directorships with BPay Pty Ltd, Cardlink Ltd and was Chairman of CA Ltd, bank owned entities that specialised in payments and processing. Rick holds a Masters of Business Administration degree.




Member and Owner since 1999

B. Commerce (Accounting), FCPA

Chief Financial Officer, Company Secretary and Director  Credit Card Company Pty Ltd and Green Environment Finance Pty Ltd

Hung joined Turkish Federal in December 1999 and over 16 years has progressed through the organisation in a number of key roles in finance. Currently Hung is the Chief Financial Officer with oversight of the finance and accounting function; covering financial management; budgeting; taxation; treasury; prudential and statutory reporting. He is also responsible for the collections corporate services and company secretarial functions.