mecu has achieved a number of world firsts, which help its members to make a
difference on environmental and social fronts. It was the first financial
institution to price its car loans according to energy efficiency of the
vehicle. mecu also offsets the greenhouse gas emissions of the vehicle for
the life of the loan.
mecu was the first financial institution globally to provide biodiversity
offsets on home loans for new home constructions. The offset involves
regenerating and protecting habitat of high conservation value for the
endangered Red-tailed Black Cockatoo. This is done on two properties in its
award winning Conservation Landbank located in Victoria’s West Wimmera.
Community Investment Program:
mecu is committed to providing up to 4% of its budgeted after tax profits to
support communtiy investment. The program’s objective is to support
activities that are contributing to the resolution of economic, social and
environmental problems within communities.
Affordable and Community Housing:
mecu is supporting a number of organisations involved in addressing
Australia’s housing affordability issue. It offers finance to the
community housing sector, in order to build quality built homes which offer
safe, secure and affordable housing to people with genuine need.
Professional Development – Education Sector
This year (2009/2010) MECU supported the Victorian Department of Education
and Early Childhood Development in two programs designed to improve the
capacity of leadership in the school community (both academic and business
mecu also provides financial support in the Latrobe Valley and other areas
in need for a schools breakfast program which serves up to seventy thousand
school breakfasts annually to students who would otherwise go hungry.