Nightcliff Community Enterprises Limited (NCEL) Annual reports are the Financial reports of the company which operates Community Bank Nightcliff as a franchise of Bendigo Bank.
The 2024 AGM will be held at the Darwin Trailer Boat Club on 28 November @ 6pm
Reports for the past ten years are available here as PDF files, the 2023 Chairs Report is printed below for convenience.
2023 Chairman’s Report
The 2023 financial year has seen successful growth in our Community Bank as general financials have returned to more normal conditions after the challenges of the pandemic.
The Board would like to acknowledge and thank Jeff and the staff for a great effort in maintaining and growing the business through a difficult period. This has provided a solid base for opportunities as we go forward.
To state the obvious, the world we know is rapidly changing, particularly in the realm of technology as it effects our daily lives. Many people still find the online world a challenge, especially when the news is full of the latest scams and attacks on our privacy. In this context the Community Bank has proved to be a valuable service for people looking for personal face to face advice with respect to their interaction with the world of online banking and finance.
These services have confirmed the original purpose of establishing a Community Bank to provide local banking services was indeed a very worthwhile vision. Thanks to those original shareholders we have a bank with local community in its DNA
And thanks to our customers who make it possible to return a dividend to shareholders and provide a substantial amount of support to local community organizations. The financial year saw a record amount of support for these organizations, as Jeff has detailed in his Managers’ Report.
A further contribution to the community has been the provision of several thousand free calico shopping bags as a way of minimizing the plastics in our environment.
We look forward to a bright future as we all, Board, Staff, Shareholders and Customers, build this business together.
Jim McDougall
Chair.
2024 Report on Social Enterprises (RISE)
You can help develop more community support simply by using the services provided by your local Community Bank..
Keep up with the news with a subscription to
Nightcliff Community Newsletter