ethical investment and lending
bankmecu seeks to avoid any negative social and environmental impacts arising from the Company lending funds or investing customer savings in an unethical or socially and environmentally destructive manner. bankmecu has in place an Ethical Lending and Investment Policy, which guides the Company.
bankmecu is fully compliant with the responsible lending obligations of the National Consumer Credit Protection Act and welcomes changes that further protect consumers.
bankmecu staff are also encouraged to keep up to date with emerging trends in ethical investment and lending best practice. During 2011, two senior bankmecu staff members participated in the United Nations Environment Programme Finance Initiative (UNEPFI) advanced training workshop on evaluation and management of environmental and social risk in lending and investment practices. Some of the tools introduced during the workshop will be integrated in to bankmecu's day-to-day operations.