International Credit Union Day celebrates the spirit of the global credit union movement. The day is recognised to reflect upon the credit union movement's history, promote its achievements, recognise hard work, and share member experiences. The goal is to raise awareness about the tremendous work that credit unions and other financial cooperatives are doing around the world. This day holds special significance for us, as we are a customer owned bank with a rich history of serving our members and the community.
Today, we reflect on this history and our evolution from financial cooperative to credit union, to mutual bank. For over 60 years, we have been a trusted financial institution, staying true to our cooperative principles. Founded in 1959 by a group of like-minded individuals, our bank has always placed the financial well-being of our members at the core of our operations.
Our commitment to community extends beyond the world of finance. We are proud to sponsor NSW Ambulance through their Employee of the Year Awards. We support the Australian Mutual Foundation (AMF) which represents our commitment to social responsibility and community development. AMF supports disadvantaged Australian children and youth in partnership with Barnardos Australia. AMF also assists remote and disadvantaged communities in impoverished Southeast Asian and South Pacific countries to alleviate poverty through the creation of sustainable financial co-operatives via a partnership with the Asian Confederation of Credit Unions (ACCU). This year a number of staff were lucky enough to volunteer at the Barnardos Auburn Centre NAIDOC 2023 celebration and Kyle McKinstry, Marketing Specialist at G&C Mutual Bank, was recently selected as a recipient of one of the AMF’s scholarships to participate in the 33rd Association of Asian Confederation of Credit Unions (ACCU) Development Education Workshop.
G&C Mutual Bank is an Associate Member Bank of the Global Alliance for Banking on Values (GABV), and as a member-focused, values-driven organisation, we are closely aligned with the GABV’s mission to promote a positive, viable banking model that’s focused on meeting human needs and sustainability. G&C Mutual Bank was also the first financial institution globally to be accredited under the Mutual Value Measurement (MVM) Accreditation process. The Framework helps organisations like ours, to measure their total value creation (mutual value) through a set of common dimensions and shared language about measuring and reporting mutual value. We’re always striving to make a positive impact as part of our commitment to a more sustainable future for our members and their communities.
We are proud to be a part of the global cooperative movement that puts people first, and we're dedicated to providing our members with exceptional products and services while actively contributing to the betterment of our community. Thank you for being a part of our G&C Mutual Bank community.
About the Australian Mutuals Foundation
The primary purpose of the AMF is to provide a vehicle for mutual banks, credit unions, building societies and cooperative banks to assist needy children in Australia and to alleviate poverty in some of the poorest communities in South-East Asia and the Pacific by the creation of sustainable cooperative financial organisations, and to provide a mechanism for donations to assist those affected by natural disasters.
About Barnardos Australia
Barnardos Australia is a leading non-government, non-denominational child protection charity in Australia. They work together with children, young people and families to break the cycle of disadvantage, creating safe, nurturing and stable homes, connected to family and community.
About the Asian Confederation of Credit Unions (ACCU)
In its role as a regional organisation for credit unions, ACCU performs representation, development, liaison and coordination functions on behalf of the Asian credit union movements. It also provides members and potential members services in long and short-term technical assistance, training, and information. The Asian Development Education Program started in 1999 and is designed to develop leadership, presentation and communication skills to help in building solid financial cooperatives for the community.