HomeView 2013 Media ReleasesNew Business Council launched today

The Customer Owned Banking Association today welcomed the formation of a new Business Council designed to raise further awareness and interest about customer owned businesses.

The Business Council of Co-operatives and Mutuals (BCCM) was launched in Melbourne today.

The Business Council was formed as a result of the UN International Year of Co-operatives, which showcased the work of co-operatively owned business in Australia across diverse fields such as agriculture, healthcare, housing and banking.

Research conducted found eight out of ten Australians did business through a customer owned organisation, including the 4.5 million customers of a credit union, building society or mutual bank.

COBA member institutions bankmecu and Community First Credit Union are Foundation Members of the Business Council.

COBA Acting Chief Executive Mark Degotardi attended today’s launch and acknowledged efforts to promote customer owned business across Australia.

“COBA has been supportive of raising awareness about the benefits of locally run and focused customer owned businesses, not only in our sector,” Mr Degotardi said.

“As part of the International Year of Co-operatives, we provided funding for research into the co-operative sector, which found a diverse and growing industry that is providing important services to millions of Australians.”

As well as customer owned banking institutions, the BCCM represents customers of motorist associations, health funds and co-operative retailers.

For more information please contact:
Daniel McDougall, Senior Adviser Media
02 8035 8444 or 0407 637 541, This e-mail address is being protected from spambots. You need JavaScript enabled to view it

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Sally Mackenzie
Director - Strategy & Stakeholders
P: +61 2 8035 8450
M: +61 412 721 663
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