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Australia’s customer owned banking institutions continue community support

Community organisations and charitable initiatives receive more support from customer owned banking institutions

Across Australia, individuals and charities that help the community are continuing to receive a helping hand from the country’s customer owned banking institutions.

Through community grants, sponsorships and foundation donations, Australia’s customer owned banking sector is acting on its commitment to be community focused. The commitment has seen charities across the country given a boost from customer owned banking institutions.

In NSW and the ACT, IMB Bank has provided more than $700,000 in funding to more than 50 community initiatives. This includes child road safety signage around beaches, leadership programs for young refugees, innovative mentoring programs for primary-aged boys, feeding homeless and at-risk youth; and promoting career opportunities within the dairy industry.

Now in its 20th year, the IMB Bank Community Foundation has donated more than $10 million to not for profit groups in the areas where IMB Bank operates.

Also in NSW, Teacher’s Mutual Bank and NSW Department of Education have launched ‘The Learning Edge’ which finds and supports extraordinary teachers inspiring students beyond the classroom by equipping them with access to digital experts, tools, and training to engage whole new audiences online.

Queensland based Heritage Bank will use money raised through the Heritage Bank 2019 Calendar to help Sunshine Coast organisation Laurel Place provide counselling and support for women who have experienced gender-based violence.

Customer Owned Banking Association CEO Michael Lawrence said these programs are just a handful of the initiatives customer owned banking institutions undertake to give back to the community.

“The customer owned banking sector has a long history of helping communities as well as individuals.

“Each of the 71 customer owned banking institutions has a long legacy of giving back and building community.

“Whether its programs to help improve financial literacy and wellbeing or charitable donations to the local footy club, customer owned banking institutions are a big part of the communities they serve,” said Mr Lawrence.

“Customer owned banking institutions are a part of their members’ community; they care about the issues that matter to their members.

“A great example of this is Bank Australia’s conservation reserve in Victoria which was purchased to act on customers’ concerns about climate change and environmental sustainability by restoring areas with a unique ecology.

“If Australians are looking for a financial institution that isn’t just in their community, but is a part of it I suggest they visit ownyourbanking.com.au,” said Mr Lawrence.

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