Mr Genovese said Unity Bank was 100 per cent owned by members with no external shareholders surplus funds went back to members with products, services and community investment.įormer BCCU CEO Peter Mogg said the merger was exciting for members and staff. “We look forward to providing them (BCCU members) with competitive products and excellent service.” “We have changed our name but not our commitment to the community we support,” he said. Unity Bank CEO Mark Genovese, whose father Alex was the head of the credit union when it was the Bankstown Municipal Council Employees Credit Union, extended a warm welcome to BCCU members. The 50-year-old BCCU had about 4100 members prior to the merger and now joins the mutual Unity Bank with almost 40,000 members, assets over $1.06 billion and 24 branches across Australia. And if you’re a fan of what we’re doing, consider checking out our library of nearly 150 conversations discussing the innovative ways organizations and their leaders overcome complex issues at work.The merger of Bankstown City Credit Union with Unity Bank creates a strong, sustainable financial institution, with more branches, ATMs and banking products for members, says the boards of both organisations.Įarlier this month, the credit union became a division of Unity Bank, changing its name to Bankstown City Unity Bank, after BCCU members voted overwhelmingly for the merger in April.
#Excellence commitment unity credit union full
And its a must-listen for leaders across function.Ĭlick the link to the full episode in the comments. This episode is brimming with inspiring stories and insightful knowledge, providing valuable insights on leadership, transformation, sustainability. And with guidance, the organization became a paragon of purpose-driven banking, ensuring capital was/is allocated to organizations contributing positively to their communities. She’s adapted to the evolving social, technological, and economic landscapes, and positioned her team to take on these realities.Īs the former CEO of Vancity Community Investment Bank, she drove an ambitious vision to finance a sustainable future - "Bank on Change”. In our latest visit to the Thinking Inside the Box archives, we revisit our discussion with Jay-Ann Gilfoy, CEO at Meridian Credit Union, who recounts her journey from CHRO to CEO at one of Canada’s leading financial institutions. What positions HR leaders to take on CEO roles in today’s increasingly complex working environments? #canadian #company #winningculture #ESG #creditunions Looks like their strategy of 'Meridian for Good' is the real deal. They even have a built in 'lap' for walking a mile in the office. See: the living wall below (so cute) + their office is filled with up-cycled goods like fishnet rugs. 🌳 Environment Friendly - both their financial products & office footprint. 🌿 invested over $3.4 MM in community programs & partnerships 🌿 ~$5MM in community support & partnerships 🌿 500+ orgs were supported through grants and employee donation matching 🌳 Excellent Community Players (2022 stats): 🌳 $30B Assets under Management, 75 year history
that means that any profit made goes back into improving products and services, and innovating new ways to enhance members' lives. 🌳 It's a credit union, so they don’t have public shareholders - their members are owners. To kick off the week, I thought I would share some Meridian Fun Facts: Last week, I spent some time in the Meridian Credit Union HQ in Toronto. Through a commitment to excellence, honesty & integrity, risk-taking, balance, and unity, we are proud to support Wisconsins credit unions and Wisconsins.
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