The decision to approach the Bendigo Bank in order to open a Community Bank® in Caloundra was made around a 'real kitchen table'‚ by 'real people'. Members of the community gathered together with Bendigo Bank representatives on the 18 August 2004 for the first official Community Bank® meeting.
As a result of the above meeting the Steering Committee was formed and the journey began. Between August and December 2004 a number of pledges of support were received. On 9 May 2005 a public meeting was held to present community banking to Caloundra residents and businesses.
Over a period of 26 months public information and consultation continued by Steering Committee members and supportive people of the Caloundra Community. As a result a feasibility study was conducted in September 2006 and our pledges had increased to 289 for a total amount of $856‚720.
The results of the feasibility study were presented to the Steering Committee at a meeting held on 26 October 2006 and it was unanimously agreed to proceed towards the establishment of the Caloundra Community Bank® Branch.
The Caloundra Community Bank® Branch officially opened on 3rd May 2007 and we recently celebrated 12 years of serving the Caloundra community.
Our depositors are protected under the Australian Government’s Financial Claims Scheme (FCS) which provides protection and quick access to deposits made with a bank, building society or credit union in the unlikely event that one of these institutions fails. Find out more here.