The positive contribution of mutuals to the Australian financial services industry has been highlighted this week with the presentation of prestigious industry awards at Mutuals 2012, the Abacus and AM Institute (Australasian Mutuals Institute) Convention.
The theme for the convention was “Opportunity to Action” and the event attracted over 1,000 attendees who enjoyed a full program of expert commentators and industry leaders as well as some great social events.
In the award ceremony mutual organisations including Community First Credit Union, bankmecu and Teachers Mutual Bank were recognised for their contribution in the respective fields of innovation, community and sustainability.
The 2012 Bridges Emerging Leader Mutual Industry Award and CGU – AM Institute Emerging Leader Tertiary Education Scholarship Award were also announced.
Abacus CEO Louise Petschler said the awards underline the pride, passion and performance of management and staff at Australia's customer owned banking institutions.
"These award winners all embody the community values, innovative drive and sustainable practices championed as a whole by mutual institutions," Ms Petschler said. “I congratulate all the winners on their awards. The mutual sector's strength is its customer service and we draw strength from our people, who make our industry the success it is today."
Plenary sessions during the convention focused on strategies to help mutuals turn opportunity into action and grow the mutuals share of the Australian market. Speakers included Rev Paul Flowers, Chair of Co-Operative Banking Group (CBG), UK, will share lessons and ideas from his organisation. CBG are members of ICMIF and Rev Flowers also spoke at the ICMIF Conference 2011.