Community Banking Hub opens in Lismore

07 March 2022

A Community Banking Hub has been established at Southern Cross University in Lismore, by Summerland Credit Union, to provide banking services to the community in response to the devastating impact of the floods on the Northern Rivers.

The Community Banking Hub will be located at the Goodman Plaza at Southern Cross University on Military Road, East Lismore and will be open from Monday, 7 March from 9 am  – 5 pm. The hub will be home to six mutual banks: BCU, G&C Mutual Bank, Greater Bank, Newcastle Permanent, Southern Cross Credit Union and Summerland Credit Union.

“Customer-owned financial institutions, like Summerland Credit Union, are the heart and soul of their community, always acting in the interests of customers and the community as a whole. We know that in a crisis when the community works together for the common good, it can recover stronger and faster. The decision by Summerland to set up a banking hub to restore banking services in Lismore and the Northern Rivers, not only demonstrates that they put the needs of their customers first, but it also shows the value of local knowledge in responding incredibly quickly and effectively to local need. Opening the hub up to other mutual banks and credit unions that have members in the region is a true act of co-operation, putting the people of the region first in everything they do,” said Melina Morrison, CEO, Business Council of Co-operatives and Mutuals.

Discover more about the Community Banking Hub, including hours of operation.

Read how the Community Banking Hub came into being.


Photo source: Summerland Credit Union


Latest news

30 June 2022

Small grants for flood impacted communities

The AMF, in partnership with the BCCM is offering small grants to assist co-ops, mutuals and their members to help their communities to recover from the impact of...
24 June 2022

Making co-ops visible

Melina Morrison is on a mission to raise awareness of the co-operative model and grow the sector’s share of the economy. She is this week’s Pro Bono Australia...
24 June 2022

Farmers join forces in environmental push

While Australia's business council of co-operatives and mutuals told AAP it's the first time a farmer's group has formed to take advantage of environmental markets.