Community Branch Network

There are currently seven community branches open, one new branch to open in the next six months and expressions of interest from three more communities.

Crows Nest (Crows Nest Shire)

Opened April 1999
First community banking facility in Queensland
Required to raise $60,000 as its share of start up capital. (Low amount as local council provided premises at nominal rental for first two years)
First profit realised in month eight
Cumulatively profitable in month fifteen
Paid its first interest dividend to investors at the end of year two (a premium interest rate of 2%p.a. above the $100,000 + term deposit rate)
Offered members their investment back at the end of year three
First round of profits distributed back to the community (approx. $30,000) at end of year three
Since becoming cumulatively profitable, have achieved almost $1 million in profits
Download a brochure (pdf, 262KB) about the Crows Nest Community Branch

Nanango (Nanango Shire)

Opened December 2001
Required to raise $100,000 as its share of start up capital
First profit realised in month six
Cumulatively profitable in month nine
Paid its first interest dividend to investors at the end of year two (a premium interest rate of 2%p.a. above the $100,000 + term deposit rate)
Offered members their investment back at the end of year three
First round of profits distributed back to the community (approx. $60,000) at end of year three
Since becoming cumulatively profitable, have achieved almost $550 000 in profits
Download a brochure (pdf, 161KB) about the Nanango Community Branch

Highfields (Crows Nest Shire)

Initiative by Crows Nest company to provide further financial facilities to its shire residents
Opened in December 2003
Required to raise $80,000 as its share of start up capital
First profit realised in month seven
Cumulatively profitable in month eight
Paid its first interest dividend to investors at the end of year one (a premium interest rate of 2%p.a. above the $100,000 + term deposit rate)
In conjunction with Crows Nest annual interest dividend
Contributed first profits to Crows Nest Company (PCCN) at end of the first year
Since becoming cumulatively profitable, have achieved almost $300 000 in profits
Download a brochure (pdf, 197KB) about the Highfields Community Branch