Banking, community and sustainability have never been so aligned
At the heart of bankmecu is a belief that strong synergies exist between social and environmental responsibility and a cooperative approach to banking.
In light of global environmental and economic issues, we recognise the need in our community for a broader measure of 'progress' and common prosperity, other than economic growth alone.
What makes us different to regular banks is our way of living and breathing our philosophy and in our ability to align our values with our stakeholders' expectations of sustainable economic wellbeing.
We genuinely make sure we carve a sustainable approach to banking into everything that we do, from our organisational culture, to our operations and our innovative products and services.
Our sustainable approach to banking has seen us develop an innovative business strategy.
Our unique approach ensures that the economic, social and environmental performance expectations of our stakeholders are met, while at the same time recognising the opportunity we have to protect, sustain and enhance the financial, human and natural capital that’s required to continue developing bankmecu into the future.
Cooperative principles of mutuality
bankmecu proudly supports the following principles of mutuality, which all financial cooperatives throughout the world share in common. Some customers save and invest. Others borrow. Some do both.
- Open and voluntary accounts
- Democratic control
- Service to customers
- Distribution to customers
- Building financial stability
- On-going education
- Cooperation among cooperatives
- Social responsibility
It is great to know that a customer owned bank is a financial cooperative owned and controlled by its like-minded customers, who in our case includes people and a number of community sector organisations.
Vision - what we aim to achieve
As Australia’s first customer owned bank, bankmecu is inspired to enhance the financial wellbeing of its customers in responsible ways.
Purpose - what we do
bankmecu will provide its customers with value for money, responsible banking, insurance and financial planning solutions, as well as memorable, superior service in a profitable and sustainable way.
Values - how we earn people’s trust
- Treat its customers with dignity and respect
- Value, encourage and support its employees
- Operate ethically and with integrity
- Apply prudent financial and business practices
- Be economically, environmentally and socially responsible
Brand - what we want to be known for
bankmecu will be regarded as the pre-eminent customer owned banking brand in Australia. bankmecu will be considered a challenger brand representing thought leadership in responsible banking.