Community Dividend Payout for SSKB Clients


Unit owners, bodies corporate and owners corporations throughout the country are reaping the benefits of a ground breaking community dividend agreement between SSKB and Bendigo Bank’s Bundall branch.

Through the Community Dividend scheme, bodies corporate/owners corporations have already shared in over $600,000 to help reduce their levies, refurbish common areas and even support local charities.

Peter Kai-Nielsen, Mobile Relationship Manager at Bendigo Bank, said he was extremely pleased to announce the payment.

A total of $58,923.70 in Community Dividends will be paid to 412 BC and OC Associations for this last 6 month period.”

“Since the inception of the joint venture that is the Bendigo Bank, Bundall branch and SSKB, we have now paid in excess of $600,000 in Community Dividends to various associations over the last 7 years.”

The following is an example of the dividend at work (calculated at 0.15% p.a.)

 

Accounts with Bendigo Bank

Value

Total

Community Dividend

Admin & Sinking Fund

$150, 000

$150, 000

$225

4 x Home Loans

$250, 000

$1, 000, 000

$1, 500

20 x Savings Accounts

$5, 000

$100, 000

$150

2 x Home Loans for additional investment properties

$250, 000

$500, 000

$750

Loan for Management rights

$500, 000

$500, 000

$750

Total

 

 

$3, 375

 

Director of SSKB, Tim Sheehan, has said he is excited that the scheme has been able to help out so many bodies corporate and owners corporations across the country.

“I’m thrilled for our clients to be able to participate in the community dividend program.”

“Anything we can do to help make a positive difference to the lives of our lot owners is definitely worth being a part of.”

The semi annual Community Dividend was paid to participating strata communities this week.

For more information on the Community Dividend Scheme please contact sskb@sskb.com.au.



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Recent Comments

2 Comments

Daryl and Jo-anne Thompson On August 2, 2012 | Reply

Hi we have 4 units at compton village in caboolture and we are having trouble re- financing as most banks don’t take the units as collateral. If you think you could help us we would appreciate your call. Our loan is for 4 units for $307,000 for all.
Regards
Jo-anne and Daryl Thompson

    Chelsey On August 3, 2012 | Reply

    Hi Jo-anne and Daryl,

    Please contact Peter Kai-Nielsen from the Bendigo Bank at Bundall. His direct line is 07-5570 2558/0434 693 255, or you can reach him on his email: Peter.Kai-Nielsen@bendigoadelaide.com.au.

    I forwarded your request to him this morning and he’d like to discuss how he can help you. Please let me know if there’s anything else SSKB can help you with!

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