About us
Our purpose is banking for good, for those who do good
About us
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Teachers Mutual Bank Limited is one of Australia’s largest member-owned banks. With nearly a quarter of a million members, total assets of more than $11 billion, and close to 600 employees, we’re dedicated to helping education, emergency services, and healthcare professionals improve their financial wellbeing.
We’re a bank for good, for those who do good.
We serve nearly a quarter of a million Australians working in education, emergency services and healthcare through our four banking divisions: Teachers Mutual Bank, Firefighters Mutual Bank, Health Professionals Bank and UniBank.
Our members contribute so much to society. They deserve a bank that puts them first.
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.