How long has Commencement Bank been in business?
Community First Bank has been in operation for over 65 years, having originally started its journey on August 5, 1959, as the Sydney Water Board Officers Credit Union Co-Op in Australia. Founded by a small group of colleagues sitting around a table to help fellow workers access fair financing, the institution gradually expanded its membership scope beyond utility workers to embrace broader residential communities through a series of strategic mergers and rebrandings. Operating today as a robust, member-owned customer bank with billions in assets and numerous branches spanning New South Wales, it continues to put members ahead of external shareholder profits while offering comprehensive modern digital and retail banking services.
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