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 the largest customer owned banks, helping almost a quarter of a million Australians working in health, education and emergency services.
We’re a bank for good, for those who do good.
Almost 60 years ago our bank was created by a group of volunteers as 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, that hasn’t changed. Today Teachers Mutual Bank Limited serves our members through our four brands: Teachers Mutual Bank, Firefighters Mutual Bank, Health Professionals Bank and UniBank.
Our members contribute so much to society and we strive to be a bank that makes a positive social impact.
We run our bank for people, planet and profit
We are not like other banks – profit for purpose is our business model and we are 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, community and society.
Our history
For almost 60 years, Teachers Mutual Bank (formerly Teachers Credit Union) has provided key financial services for those in the education sector. In 2015/16, Teachers Mutual Bank merged with University Credit Society Limited and Fire Brigades Employees Credit Union Limited and created Firefighters Mutual Bank and UniBank. In 2019 we launched Health Professionals Bank and, in late 2024, we announced our proposed merger with Australian Mutual Bank. Completion of the merger remains subject to approval by regulators and our members, with a target completion during 2026.