This is us
Community 21 is proud of what we have started
At the dawn of new the century, the not-for-profit sector was faced with many challenges: old sources of funding were drying up. Organisations dedicated to serving the community were struggling to find much needed capital. In 2001, 20 innovative not-for-profits recognised that collaboration was the way forward for building a stronger future and came together to form Community 21.
Through our collaboration, we successfully created Australia’s only banking service designed specifically for not-for-profits and social enterprises. In partnership with Bendigo Bank, we founded Community Sector Banking in 2002 – a banking service that gave not-for-profits greater access to funds and control over their finances.
Community Sector Banking has a proven record of success, both financially and socially; such as providing tailor-made financial products to over 10,000 not-for-profits, delivering a microfinance service to people who are financially disadvantaged and distributing funding to worthy community projects through its Social Investment Grants Program.
Now we are looking for even more organisations to join us in leading the way forward: to continue to do more good and create greater impact.
Community 21 founded
Community Sector Banking Launched
1st Account opened 1st Loan $1.22m to purchase a property for NFP organisation
1st Microfinance pilot launched
Salary benefit card launch ('b-packaged') to simplify salary packaging
Community 21 conference (300 NFP sector attendees)
Admitted to the International Association of Investors in the Social Economy (INAISE) global alliance
12,736 deposit accounts
1st Dividend payment to Community Sector Banking shareholders
National service network completed with WA office opening
GFC challenges not-for-profit sector
Biggest loan to date $50mil for 800 homes in Melbourne
Re-branding of Community Sector Banking
$500 million balance sheet
In-roads microcredit project launched
Co-hosted Digital Inclusion Summit
Foundation investor in SEFA $20m fund
$650+ million balance sheet
Launch of Social Investment Deposit Account
New headquarters at Wollongong University
CSB launches its Reconciliation Action Plan
Preparing for expanse of shareholding and capital raising