About us
Our purpose is banking for good.
About us
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We’re a bank for good
With more than 280,000 members, total assets of ~$14.2 billion, and over 750 employees, Teachers Mutual Bank Limited is one of Australia’s largest member-owned banks.
We’re dedicated to helping Australians improve their financial wellbeing through our five banking divisions: Teachers Mutual Bank, Australian Mutual Bank, Firefighters Mutual Bank, Health Professionals Bank and UniBank.People, planet and profit
We’re not like other banks - profit for purpose is our business model and we’re 100% owned by our members. Instead of profits being distributed to institutional shareholders and investors via dividends, our profits are re-invested into our organisation for the benefit of members and communities.
With a focus on people, planet and profit, we aim to deliver the best outcomes for members – and we're proud to be consistently recognised as one of Australia's top financial institutions in customer satisfaction rankings.
Our history
Almost 60 years ago, our bank was founded by a group of volunteers in the education sector who wanted to create a positive alternative to the major banks. Their innovation, tenacity, and spirit provided the opportunity for members to achieve home ownership and reach their financial goals.
Six decades later, our membership has become a little broader but our commitment to providing member-owned banking hasn’t changed.