Teen cash keen on bank
TEENAGER Liam Iuso has pledged $20,000 in hope of seeing a bank get built in Goonellabah.
The 13-year-old has gladly pledged the money, saying Goonellabah residents deserve a community-orientated bank.
"Last Saturday, pledges were taken in an effort to get enough money for a feasibility study done so we can eventually get a bank here in Goonellabah," his mum, Jonny, said.
"Liam came along to that day and was very interested in it. He made a decision to pledge what you would call his 'potential inheritance' into the Goonellabah Community Bank."
Liam said he felt "pretty good" about putting up the money. "I want to look after the community I live in," he said.
If a Bendigo Bank is built in Goonellabah, it will pump 50% of its profits back into the local community, Ms Iuso claimed.
"Local soccer groups, kids' groups etcetera will be able to apply to the Bendigo Bank and get grants. It's a true community bank and will really be owned and driven by the community."
Before the feasibility study could be done, the community needed to pledge $720,000, which has been met. However, more contributions are needed.
"There's been a lot of people who have done big pledges but now we need a lot more people with smaller pledges to back the bank," Ms Iuso said.
"That way, when the feasibility study comes back, it will say not only is there a lot of financial support for the bank but there's widespread community support for it as well."
Once the feasibility study has been completed and the project is approved, the bank is expected to be up and running within 12 months. People who pledge money can recoup it if the project does not go ahead.
People can get forms from Meridian Health Care on Rous Rd, Goonellabah, to pledge money.