Tag: member-owned

Member-owned firms clean up in top 10 list

Member-owned firms clean up in top 10 list

By on September 8, 2017 in Editor's Pick, Media Releases with 0 Comments

4 in 10 of Australia’s largest private firms by revenue are member-owned, including: The largest private firm based in Western Australia: CBH group (ranked 3rd overall) The second largest NSW private company: HCF (6th) The third largest in Victoria: Devondale Murray Goulburn (7th) The third largest in Queensland: Queensland Sugar (10th) These 4 entities alone […]




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Strong CUA profit supports increased community investment

Strong CUA profit supports increased community investment

By on September 15, 2016 in Editor's Pick, News with 0 Comments

Australia’s largest member-owned financial services provider CUA is aiming to materially lift its investment in communities over the next few years to up to 3 per cent of Net Profit before Tax and Community (NPBTC), after delivering a strong full-year financial result. CUA, a BCCM member, posted an annual consolidated Net Profit after Tax (NPAT) […]




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It’s time to create a level playing field for the co-op sector

It’s time to create a level playing field for the co-op sector

By on March 15, 2016 in BCCM in the News, Editor's Pick, News with 0 Comments

In the past few weeks, the co-operative and mutual sector has garnered a lot attention following the proposed takeover bid of the country’s largest co-operative, CBH Group. Writing in the Business Spectator, Melina Morrison, CEO of the BCCM, has called for an even playing field for the sector with shareholder-owned businesses. Pointing to the modernity, efficiency, competitiveness, […]




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Information and education on credit cards is key for consumers

Information and education on credit cards is key for consumers

By on September 3, 2015 in Editor's Pick, News with 0 Comments

In our submission to the Senate Economics References Committee inquiry into matters relating to credit card interest rates, the BCCM highlighted the importance of the customer and member-owned banking model that promotes a responsible approach to banking and customer choice. Referencing submissions made by our members, COBA and Bank Australia, the BCCM pointed out that customer and member-owned […]




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Scrapping of proposed deposit tax welcomed by COBA

Scrapping of proposed deposit tax welcomed by COBA

By on September 1, 2015 in Editor's Pick, News with 0 Comments

The Federal Government has abandoned plans for a bank deposit tax which would have imposed a 0.05 per cent levy on deposits up to $250,000 from the start of next year. Welcoming the announcement and congratulating the government in not imposing the tax, COBA CEO Mark Degotardi has labelled the decision as “pro-consumer and pro-competition.” The […]




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Defence Bank unveil a world first in customer service

Defence Bank unveil a world first in customer service

By on August 24, 2015 in Editor's Pick, News with 0 Comments

In what is considered to be a world first in customer service, Defence Bank, a BCCM member, has unveiled a mobile application that enables its 90,000 customers to make video calls with bank staff. The app from the member owned bank can now be downloaded through Google Play and App Store after being first used in Brisbane. Defence […]




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bankmecu announce name change to Bank Australia

By on July 28, 2015 in Editor's Pick, News with 0 Comments

bankmecu have announced they plan on changing their name to Bank Australia. The name change will come into effect on 17 August. After many months of research including discussions with their current customers and prospective customers, the customer owned bank found that people are looking for a real alternative to the investor owned banks in Australia. […]




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Welfare Report backs co-operative solutions

Welfare Report backs co-operative solutions

By on February 25, 2015 in Editor's Pick, Media Releases, News with 0 Comments

Australia’s member-owned businesses are critical to long-term job creation and alleviation of welfare dependency, according to the Government’s landmark inquiry into welfare reform, the McClure Report, released today. The report singled out co-operatives and mutuals as a key strategic  business sector for the Federal Government to achieve its objectives for sustainable employment growth and local-level […]




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Beware the hype of peer-to-peer lending

Beware the hype of peer-to-peer lending

By on February 16, 2015 in Editor's Pick, News with 0 Comments

Many people may not realise that the customer-owned banks were the original peer-to-peer lenders. While these groups welcome new entrants into the personal loans market such as Society One and RateSetter due to the competition they promise to bring to the market, COBA CEO Mark Degotardi has reminded consumers of the need for consumers to […]




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Co-op advantage clear, says WA grain grower

Co-op advantage clear, says WA grain grower

By on February 12, 2015 in Editor's Pick, News with 0 Comments

WA Farmers grains council president Kim Simpson gave an impassioned plea to federal Senators on the Rural and Regional Affairs and Transport References Committee about the inherent value of CBH Group’s co-op structure to local growers. Mr Simpson told the hearing that CBH was a co-operative built by growers, paid for by growers and is […]




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