Proof of Usefulness Report

Queensland Country Bank

Analysis completed on 2/17/2026

+514
Proof of Usefulness Score
Industry Mainstay

Queensland Country Bank is a legitimate, established financial institution (est. 1971) with significant regional traction ($2.5B+ assets, ~750 staff), far exceeding the scale of typical startup submissions. However, the submission quality is extremely poor, containing hyperbolic claims ('everyone', 'most people have used my product') and missing technical details. The score reflects high real-world utility and verified traction, heavily penalized for low innovation and poor response quality.

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Score Breakdown

Real World Utility+212.50
Audience Reach Impact+96.00
Technical Innovation+15.00
Evidence Of Traction+180.00
Market Timing Relevance+50.00
Functional Completeness+5.00
Subtotal+558.5
Usefulness Multiplierx0.92
Final Score+514

Project Details

Description
Put simply, we are a bank and we have a distinct purpose to help all Queenslanders live better lives through better finances. As a member-owned organisation, returning profits to our Members and their communities is important to us. We are devoted to ensuring that we are constantly doing more for our Members by providing banking products and services that matter. We're proud to offer a strong alternative to the big banks. We're regulated by the very same authority as the major banks, and offer the same government guarantee to secure your deposits. Most of the savings deposited with the credit union are loaned back to customers and our diverse asset base provides our strength and security. Community development and personal growth matter to us, which is why we contribute to the communities we live in through our sponsorships program, partnering with community groups to help in raising funds and our Community Grants Scheme. We were born in Mount Isa in 1971 as the Isa Mine Employees' Credit Union Limited, but over the years we've grown through our desire to help all Queenslanders with their banking and lending needs.

Algorithm Insights

Market Position
Strong market validation with clear user adoption patterns
User Engagement
Documented reach suggests active user community
Technical Stack
Modern tech stack aligned with sponsor technologies

Recommendations to Increase Usefulness Score

Document User Growth

Provide specific metrics on user acquisition and retention rates

Showcase Revenue Model

Detail sustainable monetization strategy and current revenue streams

Expand Evidence Base

Include testimonials, case studies, and third-party validation

Technical Roadmap

Share development milestones and feature completion timeline