Bendigo Bank gives community a bonus
A BANKING initiative is giving local community groups much needed funding.
When dealing with deposits, lending and insurance at either the Mossman or Port Douglas Bendigo Bank branch, people can nominate a local group to support.
Regional manager David Pollock said the bank’s trailing income (interest gained) from the transactions is given to the Cairns Community Enterprise board, which passes it on to the organisations.
“If you’re a not for profit group, the more you push Bendigo Bank to people, the more banking we get, the more money we give up,” Mr Pollock said.
“The money comes from our profits, not customers, the bank is giving up some of their profits to support another way for customers to support groups – it’s a good feeling to have.
“It works out to be 0.12 per cent of trailing income, so if someone brings in $150,000 that will be $180 per annum.”
The bank writes cheques quarterly if the money raised has gone over $200, and this quarter the Douglas Shire Community Services Association received the highest cheque at $897.82.
“What a surprise,” Vivienne Ruffles, coordinator of respite and family support at DSCSA said.
“We were not anticipating this amount, we thought we would be receiving $100 and thought that would be nice.
The DSCSA will put the money towards buying a software program which will help manage applying for further funding.
“The money will go towards purchasing ProjeX – a quality management system supporting our organisation to be able to apply for state and commonwealth funding,” Ms Ruffles said. “All the big guns already have this stuff but this money will allows us to purchase it as well.”
This quarter 14 not for profit organisations in the Douglas region received funding up to $5000 generated over the last three months.
Cheque recipients include the Mossman branches of Meals on Wheel, Rotary, Lawn Bowls Club, Jehovah’s Witnesses and the Daintree State School, Miallo State School, Mossman Sharkettes, Mossman Junior Sharks, Bamanga Bubu Ngadimunku, K.I.N.D, Mt Molloy State School, Paws and Claws and the Port Douglas Neighbourhood centre.
What a bonus: Vivienne Ruffles of Douglas Shire Community Services Association receives the cheque from Bendigo Bank