Our Branch

Initially opening in Oak Flats to restore banking services to the community when the major banks moved out, Oak Flats and Shellharbour Community Bank® branches are proud of their evolution from sole local banking provider to their impressive current standing which positions the Community Bank® branches as an alternative, reliable source of income to the local community, its projects and its people.

When two of the big banks decided to leave Oak Flats in 1999‚ the local community was left without any banking services.

Angered community members who had lost access to local financial services rallied together to reinstate banking in the community. In early December 1999‚ the group was briefed by Bendigo Bank in relation to a proposal to establish Oak Flats Community Bank® Branch.

A preliminary public meeting was held to discuss the Community Bank® concept and the steps required to establish a branch of Bendigo Bank at Oak Flats.

As a result‚ the committee engaged an independent consultant to conduct a feasibility study in relation to the proposal. The results of the study were presented to the committee on 19 April 2000 and it was unanimously voted to proceed with the establishment of the branch.

By entering into a commercial franchise with Bendigo Bank‚ members of the community were able to start their own Community Bank®. Energetically‚ they formed a steering committee in order to pledge enough financial support to start up the locally owned and operated company. Oak Flats Community Bank® Branch officially opened for business on 25 September 2000.The success of this branch resulted in the expansion of the company through the opening of Shellharbour Branch in 2005.

Now, after 17 years of being opened, Oak Flats and Shellharbour Community Bank® branches have given more than $2.2 million in support to local community groups, organisations and charities, and continue to support their local communities.

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.