REGIONAL Australia Bank has returned more than $98,000 to local organisations across Wauchope and Laurieton through its Community Partnership Program (CPP), celebrated at an event at Wauchope Country Club earlier this month.
The CPP encourages bank members to nominate a local organisation they care about, and each year the bank donates a share of its profits to those groups on their behalf.
This year’s $98,000 in funding will support a wide range of local causes, from sporting clubs and schools to health services and grassroots charities.
Regional Australia Bank CEO David Heine said the event highlights the strength of the mutual sector.
“Through the Community Partnership Program this year, we donated around 13 percent of our profits back into communities,” Mr Heine said.
“That compares with an average of 0.6 percent from the big four banks, and around five percent from other mutuals. “It shows the scale of impact a member-owned bank can deliver when people choose to bank for their community.”
Last year the CPP returned more than $2.79 million to over 2,300 organisations across regional Australia.
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