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OEC is also a shareholder in Community Sector Banking, the only banking business in Australia solely dedicated to the not-for-profit sector. Community 21 Bank has a unique ownership model, being 50% owned by the community sector. The bank was formed in 2000 with a vision to achieve social change. This ownership is made up of 20 committed not-for-profit organisations. OEC is among a significant group of reputable organisations such as Oxfam Australia, Jobs Australia and Youth Accommodation Association who have joined together as shareholders. The other 50% is owned by the Bendigo and Adelaide Bank.
Community Sector Banking is the only banking business in Australia solely dedicated to the not-for-profit sector. This specialised knowledge of the sector and exhaustive knowledge of its customers sets it apart from other banks due to an in-depth understanding of not-for-profit organsiations. The bank understands funding cycles and the way boards can sometimes govern their funding decisions and tailores solutions to meet those needs.
In everything Community Sector Banking does, it aims to make Australia a better place. Whether it’s expanding your organisation’s premises, setting up a new outreach centre or seeing an opportunity for what it is, Community Sector Banking strives to do more.
