A Bank that plays... ball

Come along next Wednesday, May 12th to the Waratahs Rugby Union Club at 5:30 to learn more and pledge your support for the Mayfield Community Bank project.

The Hon. Jodi McKay, MP met the Mayfield Community Bank Project Steering Committee members at a community BBQ on Sunday May 2^nd, and liked what she heard. 

She said "a bank that returns its profits to the community that earned them in the first place, is like a bank with a heart”.

Its welcome support- because we have a deadline to meet. 

We’ve been campaigning for about 6 months, and we need to reach around $500,000 in non-binding pledges of interest. We’re halfway there, but if the campaign drags on too long then people lose interest.

So tell your friends, family, workmates, neighbours- come down, have a beer and a listen, and sing up so we can get this terrific idea off the ground!

The Waratahs Rugby Union Club is at 42 Station St, Waratah. Download a copy of the flyer by clicking here.  

Benefits of Community Banking

Come along next Tues 27th April to Mayfield Bowling Club (next to the Pool) for TWO sessions- 

5:30 pm to 6:30 pm

OR

7 pm to 8 pm

Watch a great little 4 min video

and a theatrical presentation on Community Banking

and see what you can do to make our Mayfield Bank happen

Community Bank project passes a milestone.

“It won’t be long before we open up our Community Bank in Mayfield” said Bronwyn Grieve. Bronwyn is Chair of the Mayfield Community Bank project. 

"We've reached the first $200,00 in our pledge campaign.  

“We will celebrate it by holding an account-opening afternoon in Mayfield. People can open accounts with the nearby Wyong community bank. When our bank opens, the profits generated from our banking with them, will be transferred here, and of course people can transfer their accounts here as well. 

“Our campaign aims to reach $800,000 in pledges. The pledges don’t involve money immediately. They’re simply a way to see if there’s enough people around to raise the start up capital. After we’ve reached $800,000, we’ll have an independent feasibility study, to see if there is enough banking for the bank. 

“Pledges only have to be $500, but can go up to $85,000. We also like to hear ideas for spending the future profits”. 

People who’d like to open an account or want to find out more are invited to come to the Stag and Hunter hotel, Mayfield, on Tuesday 13^th  April.  

The Branch Manager of Wyong Community Bank,  Adele Alessio (JP) will be available from 4:30 to 5:30 to open accounts. See below to find out what you need to bring.

At 5:30, the Steering Committee will hold an open meeting to keep the project rolling.

What you need to open an account:

Adele Alessio (JP) Branch Manager Wyong Community Bank will be available. You will need to show:

* Personal Accounts: Drivers Licence (copy plus original to sight) & Tax File Number

* Sole Trader Trading As: eg. “John Smith T/as ABC Widgets”. Business Registration and drivers licences of all Signatures to account (copies plus originals to sight)  , ABN Number, Tax File Number.

* Partnership: Copy of Partnership Agreement, if also a Trading As then we also need Business Registration, ABN Tax File Number and Drivers licences

* Pty Limited Business: a “Copy” Certificate of Incorporation and Form 201, ABN & ABN numbers and Tax File Numbers, along with Drivers Licences of all signatories

* Club Account: Minutes of the meeting stating Office Bearers and Signatories. If it’s an * Incorporated Association copy of the Incorporation Certificate & Drivers Licences from all signatories.

"Banking on Pooled Money"

We loved this titled so much we're running this article from local paper The STAR, by their journalist KYLIE ADORANTI 06 Jan, 2010 04:00 AM

http://www.newcastlestar.com.au/news/local/news/general/mayfields-community-bank/1718353.aspx

A community bank might soon open in Newcastle. . .

Mayfield residents have thought of a new way to raise money for community projects.

The residents have started a group that aims to establish the Hunter’s first community bank.

Bendigo Bank created the community bank model, based on the community owning its own branch as a local business, with Bendigo and Adelaide Bank Ltd providing a banking service.

Mayfield community bank project steering committee secretary Niko Leka said the best thing about the community bank was that 50 per cent of profits go directly to the community.

Mr Leka said one of the committee’s first projects would be to revamp Mayfield swimming pool.

“We could use the money to improve the pool at no cost to Newcastle City Council, maybe get a water feature for the pool, but we need community support first,” Mr Leka said.

The committee needs $800,000 pledged from the community to start a feasibility study into establishing the community bank. {Pledges are non-binding expressions of interest- if the feasibility study is positive, a prospectus is issued and people may then honour or change their pledges- Niko}

People can pledge a minimum of $500 and a maximum of $50,000.

Pledge forms can be picked up from The Pool Shop and John Karmis Real Estate Agency in Mayfield.

Go to http://mayfieldcommunitybank.blog spot.com to download a form or for more information about the community bank.