$2mill in 12 years
by Deanne Dickson
11th October 2015
WARRANDYTE Community Bank Branch has ticked over the $2million mark in grant and sponsorship contributions in its 12th year of operation.
Warrandyte Community Bank chairman Aaron Farr said the Warrandyte and surrounding communities had thrown its support behind the locally owned and operated branch, transferring banking business across since the bank opened its doors in 2003.
“Local residents, traders, business owners and community groups have all seen the benefits of banking close to home,” Aaron said.
“We are extremely proud of reaching this milestone because it reflects not only the ongoing success of our business, but most importantly, shows how much of a difference we have been able to make in the community.”
Aaron said Warrandyte Community Bank Branch was a true community venture, which offered a full range of banking products and services in a business model designed to strengthen the local community.
“Achieving $2 million in funding shows that taking control of our community’s financial future is not only possible, but profitable,” he said.
“And the more people who choose to bank with us, the more profits we can return to the community through sponsorships and grants.
“Reaching the $2 million mark is such a fantastic achievement for a community enterprise that many per- ceived as a far-off dream 12 years ago.
“But we have taken this dream for a locally-owned and operated bank and turned it into a reality, financially sup- porting hundreds of community initiatives in the process. Thanks to the support of our shareholders, branch staff, company board and customers, we have been able to grow to be one of the biggest sources of community funding in the local area.”
Funding granted by Warrandyte Community Bank Branch has gone towards supporting a range of community groups, projects and events including:
Manningham SES – Inflatable Rescue Boat
An inflatable rescue boat is an essential and important piece of Manningham SES’s range of life-saving equipment. Receiving $18,254.60 in the 2014/15 grants program ensured the SES was able to replace a very old rescue boat with a new up-to-date model to be used in emergency situations.
Wonga Park Primary – Raising the Roof project
Wonga Park Primary School has been able to complete stage one of its Raising the Roof project. A $35,000 grant enabled the school to build the framework and raise the roof over an existing basketball court.
The undercover area is used for physical education, general play, before school tennis, after school basketball training, OSHC outdoor activities and community events.
Park Orchards Primary School – running track
February 23, 2015 saw the official opening of the new running track at Park Orchards Primary School (POPS). POPS received a Warrandyte Community Bank Branch grant of $33,000 making the school’s dream a reality. The two lane synthetic running track has been a hit with the school’s children who have been putting it to the test ever since.
Greater Warrandyte CFAs – Thermal Imaging cameras
A grant of $42,900 enabled the Greater Warrandyte CFA brigades to purchase much needed thermal imaging equipment. This is a huge asset for the whole community as it enables firefighters to check for hotspots which could reignite fires, to locate persons in burning structures or for search and rescue missions that were previously unseen or difficult to detect.
The Warrandyte Sporting Group with members of the Warrandyte senior and junior football clubs, Warrandyte Cricket Club and Warrandyte Netball Club along with the general public has been able to enjoy the newly built sports pavillion following its completion in 2014. Warrandyte Community Bank Branch contributed $150,000 to this local project.
Since 2011, local tertiary students have been able to kick-start their further education with a scholarship from Warrandyte Community Bank.
With $10,000 each over two years to pay for study related expenses such as course fees, equipment, book and travel expenses a scholarship can help ease some of the financial burden of tertiary education.