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 What is Community Banking? 

The Community BankŪ model was developed by Bendigo Bank to provide communities with the certainty that banking services will be available locally.

It is a franchise, with the community owning the rights to operate a Bendigo Bank branch.

The local community forms a public company limited by shares to represent the local community. The company raises capital locally and purchases from Bendigo Bank the right to run a bank branch.

A Community BankŪ branch has three aims:

    * To secure branch banking services for participating communities.

    * To help communities better manage locally generated capital, and so provide them with a better return on their capital.

    * To enable participating communities to share in revenues generated from their Community Banking enterprise.

Since 1998 local communities and the Bendigo Bank have successfully established over 200 community branches throughout Australia.

    Community Banking is coming to Jerrabomberra


    Jerrabomberra Community Bank Project
    PO Box 108
    Jerrabomberra  NSW  2619
    Email: secretary@jerracb.com.au

     

     

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