Our history

Teachers Mutual Bank Limited is one of Australia’s largest mutual banks with over 200,000 members and more than $8 billion in assets.

For more than 50 years Teachers Mutual Bank Limited (formerly Teachers Credit Union) has provided key financial services for those in the education sector. In 2015 Teachers Mutual Bank merged with University Credit Society Limited, in 2016 it merged with Fire Brigades Employees Credit Union Limited, and in 2019 it launched Health Professionals Bank. Today, the Bank has four divisions that provide to people working in key sectors essential to our society - education, emergency services, and health.

As a mutual bank, Teachers Mutual Bank Limited puts members first. We operate on a ‘one member, one share’ model and reinvest profits back into our business to improve the services we offer to our members.

We aspire to be Australia’s most socially responsible bank. As part of this we are committed to leading standards of social responsibility, community investment and responsible banking practices.

Read more about our commitment to social responsibility

The broader Teachers Mutual group also includes the Tertiary Travel¹ company.

Discover more about our divisions