Bendigo Northern District Community Enterprise

FAQ's

Your questions answered.

Bendigo Northern District Community Enterprise gives the people of the community the power to make a good idea happen, to direct money to projects and activities we need and to provide support and facilities for our young people, our families and the elderly. Bendigo Bank and Bendigo Community Telco® are proud to be associated with Bendigo Northern District Community Enterprise.

How does Bendigo Northern District Community Enterprise work?

Bendigo Northern District Community Enterprise allows local people to have a greater input into our future and to ensure a greater share of local capital is retained by the community for constructive purposes.

Bendigo Northern District Community Enterprise will earn a commission from the business of every Bendigo Northern District Community Enterprise supporter that does their banking with Bendigo Bank or signs up with Bendigo Community Telco®.

What rate of contribution will be returned to the community?
When will it be paid?

As an example, for a new customer with a home loan of $100,000, Bendigo Bank would contribute $200 annually to the Bendigo Northern District Community Enterprise project. Similarly, for the average household telecommunications customer, Bendigo Community Telco® will contribute approximately $75 annually. These commissions will be paid on a monthly basis.

Will I have to pay more than my current repayments?

No. Bendigo Northern District Community Enterprise supporters will be offered the same products and services at the same rates as all Bendigo Bank and Bendigo Community Telco® customers. Bendigo Northern District Community Enterprise will provide benefits to customers and communities who commit their business to either Bendigo Bank or Bendigo Community Telco®.

Will Bendigo Bank and Bendigo Community Telco increase rates to offset their contributions?

No. Bendigo Bank and Bendigo Community Telco® will ensure their products and services are competitive and meet the needs of each individual customer.

If I am an existing Bendigo Bank or Bendigo Community Telco® customer, what do I have to do to support Bendigo Northern District Community Enterprise?

Complete a pledge form and return it to a Bendigo Northern District Community Enterprise committee member or the White Hills branch of Bendigo Bank.

Is the pledge form binding?

The pledge form is not legally binding. It allows us to create a list of supporters and will not be used for any other purpose.

Will I be contacted at a later stage?

A representative from either Bendigo Bank or Bendigo Community Telco® (or both) will use the details to contact you about your support for the project. Your privacy is assured.

How will the funding be administered? And what projects will the money be used for?

Bendigo Northern District Community Enterprise is overseen by a voluntary committee representing a cross-section of local community groups. The committee will advertise for submissions from the community, with suggestions of where and how the money will be spent. The committee will then make a decision based on specific guidelines.

What costs are involved in transferring my banking business from another bank to Bendigo Bank?

This question is best answered by a representative of Bendigo Bank. For more information, please contact the White Hills branch on 5441 4944.

What costs are involved in transferring my telecommunications business to Bendigo Community Telco®?

There is no charge to transfer your existing telecommunications service to Bendigo Community Telco®. However, if you have entered into a contract with your existing provider, costs may be incurred if you break this contract. Speak to your existing telecommunications provider or read the Terms and Conditions of your existing service for details.

For more information about Bendigo Community Telco® products and services phone 5454 5000 or visit them at View Point, Bendigo.