Our bank is a beauty
by Sammi Taylor
11th July 2016
NOTHING says helping the community quite like $2 million and that’s exactly what the Warrandyte Community Bank Branch has done – returned $2 million in grants and sponsorship contributions to the community in its 12 years of operation.
That’s money for schools, sporting clubs, the CFA, for our students and teachers, small businesses and people in need in our community, and even the community newspaper you’re reading right now.
It’s money Warrandyte deserves and money Warrandytians have earned by banking locally. That’s the key to opening the vault for money flowing back into our community – you bank with your Warrandyte Community Bank and everyone benefits, including you. It’s a bank like no other in that it givers back, not always ‘take’ like the others.
The Warrandyte Community Bank Branch is part of the Bendigo Bank group and has been an important fixture of the Warrandyte community since 2003. It was created thanks to funding and pledges from local people, who are now shareholders, with a team of professional directors made up entirely of volunteers.
It’s a bank steeped in community spirit and which is determined to create new avenues for community benefit. And the vast majority of the profit is returned to the local community in several ways to the tune of $2m.
Every year, money from the bank goes towards local projects, programs, resources and infrastructure. It’s money used to support local people, keep them safe and improve their lives.
It’s an initiative the bank’s board chairman Aaron Farr is proud to be a part of.
“We’ve given $2 million back to the community, and $390,000 in the past 12 months, and we hope to increase that number every year exponentially,” Aaron says. “We’ve given money back to the CFA, to local pre-schools and schools, we’ve given money to help with the development down at the local sports club.”
Every year, $50,000 is awarded to the local CFA to ensure Warrandyte’s fire fighters have the resources to keep the community as safe as possible. Funds have contributed towards a new generator, new trucks, vehicles, lockers, defibrillators and more.
But even the small grants can make a big difference – the kinder kids of Burch Memorial Pre-School have received over 100 new books, CD books, parent resource books and an upgrade to their Burch Bookworm Library thanks to a grant of $1518.
The Warrandyte Community Bank’s scholarship program has also changed lives, contributing $25,000 in the past year to university-aged students who may be facing disadvantage. Last year five students received $5000 to put towards their education.
“Our scholarship program has also provided funds to young people attending university who, without the money maybe wouldn’t have been able to attend university due to financial hardship or personal hardship,” Aaron says.
“I’ve been very proud of being involved in that because we’ve assisted those young people to grow and to develop and get back involved with the local community, and further their education.”
Community funding is only generated by accounts opened at the Warrandyte branch, which is why it’s important to bank locally. Money banked at the Warrandyte Community Bank Branch finds a meaningful purpose and helps not only improve the Warrandyte community, but to change lives in big and small ways.
For more info about how to make the move and change banks, or to find out about the Warrandyte Community Bank Branch’s Community Funding initiative, bendigobank.com.au/public/community/our-branches/ warrandyte