Karalee Community Branch
It all started with people
Karalee is a wonderful semi-rural suburb on the western outskirts of Brisbane. For many residents, community spirit is one of the best things about living there. And with only one shopping centre, spotting a series of familiar faces out and about was an easy task. However, despite all the benefits and convenience of living in a smaller community, residents had long felt the need for easier access to local banking services.
After looking into other options, local community members opted to partner with Heritage Bank to bring a Community Branch to the area. In December 2005, local investors from Karalee-Karana Downs-Mt Crosby’s district raised $200,000 in capital to help set up the Karalee Community Branch. And now, as a joint-venture between Heritage Bank and the local community represented by Community Capital Company Ltd, a share of the profits from the branch are distributed back to the community in the form of Community Grants. These grants are used to support charities, sporting clubs and other local organisations in the branch footprint.
Since opening, Heritage Karalee Community Branch has invested more than $1.7 million back into the Karalee community including grants. The community grants have enabled local organisations to complete numerous essential projects that may have never been possible if it wasn’t for this mutually beneficial relationship between Community Capital Company and Heritage.
Here are some of the latest organisations we’ve been able to support: