Company Research Report: SERVICE ONE Mutual Ltd

Company Overview

Name

SERVICE ONE Mutual Ltd

Mission of the Company

SERVICE ONE is dedicated to supporting members, helping them realize their dreams, hopes, and aspirations by creating greater value for members and fostering sustainable, positive social change within communities.

Foundation and Founders

Founded: Bemboka Credit Union was established in 1959. SERVICE ONE Credit Union was created in 2001 after the merger of the Credit Union of Canberra, Snowy Mountains Credit Union, and Hospitals Credit Union.

Founders: Initially a result of cooperative endeavors by locals; specific individual founders not mentioned.

Key People

Current CEO: Ivan Slavich (appointed March 4th, 2024)

Board Chair: Bruce Papps

Headquarters

No specific address given. References to operations in ACT and NSW, significant branches in Deakin.

Number of Employees

No information is available.

Revenue

No information is available.

Notable Achievements

SERVICE ONE is known as a social enterprise that has evolved from a community credit union supporting members for more than 60 years. The organization operates one of the largest Community Bank networks in Australia, focusing on social impact investments and charitable work.

Products

Product Offerings

No specific product details provided. Mention of banking products and services through Bendigo Bank.

High-Level Product Description

SERVICE ONE delivers comprehensive banking products and services, operating under the Bendigo Bank Community Bank model.

Key Features of Each Product

No information is available.

Recent Developments

Branches Expansion: SERVICE ONE Financial Services Pty Limited acquired revenue rights of Community Bank branches in Calwell and Curtin, ACT, and later sold its interest in Tumut (June 2023).

Partnerships: SERVICE ONE formed a new partnership with Hands Across Canberra, with their CEO and Communications and Partnerships Manager operating from SERVICE ONE’s Deakin offices (August 22nd, 2024).

Support Initiatives: Continued support for Mill House Ventures’ GRIST program for social entrepreneurs and sponsorships in various communities.

New CEO Appointment: Ivan Slavich appointed as CEO (March 4th, 2024).

New Products Launched

No information is available.

New Features Added

Banking Safely Online Program: Sessions designed to educate community groups about safe online banking practices (August 22nd, 2024).

Partnerships

Hands Across Canberra (August 22nd, 2024): Partnership to give back to local communities.

Mill House Ventures: Continued major support to fund social entrepreneurship programs.

Upcoming Events

2024 Annual General Meeting: Scheduled to be held on November 19th, 2024, at 6:30 PM at the Daily Chronicle Room, East Hotel, Kingston.

Social Impact Initiatives

Investing in Community Well-being: Over 50 years of support for sporting, cultural, and charitable organizations.

Social Enterprises: Significant focus on creating businesses with positive social impact, such as initiatives in environmental sustainability and health.