Payout for SSKB bodies corporate


It’s that time of year again – Bendigo Bank (Bundall) and SSKB are very pleased to announce that the semi-annual Community Dividend for the period 1st July 2012 to 31st December 2012 has now been paid to 367 body corporate associations totaling a massive $52, 113!

Since the commencement of the joint venture between the Bendigo Bank Bundall branch and SSKB in 2005, more than $637, 000 in Community Dividends have been paid to various SSKB managed body corporate associations. This money has been used by owners to help reduce their levies, refurbish common areas and even support local charities.

SSKB Community Manager, Katie Todd, said the scheme was a great incentive and was really beneficial to the lot owners involved, “I’m thrilled to be a part of something that’s able to make such a positive difference in the lives of our lot owners. Extra money is always useful in a body corporate and so far I’ve seen it fund some exciting things.”

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

 

To find out how your community can start benefiting from the Community Dividend Scheme contact sskb@sskb.com.au today!

 

 



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