Creating an even stronger bank
At our Special General Meeting on 12 March 2026, our members voted yes to create an even stronger, member-owned bank by merging with Australian Mutual Bank.
On 1 May 2026, our two banks came together as a merged bank.
Australian Mutual Bank has joined our existing brands - Teachers Mutual Bank, Health Professionals Bank, Firefighters Mutual Bank, and UniBank - as part of Teachers Mutual Bank Limited.
By coming together, we are creating an even stronger and more resilient bank with increased capacity to invest in what our members value: customer service, competitive financial products, and digital banking services - including fraud and scams prevention technology.
As a merged bank, we remain committed to supporting the professions and communities that support us, through sponsorships, scholarships and other community partnerships.
Together, we are an even stronger, more resilient, 100% member-owned bank.
Our commitments for the merger
Lower fees, more value and a broader range of products
Members will benefit from a broader range of competitive financial products and services – plus savings from lower fees.
Improved Australian-based customer service
The merger enables improved Australian-based customer service with contact centre teams in Sydney, Perth, and across Australia.
Familiar brands and service
Upon merging, the Teachers Mutual Bank, Australian Mutual Bank, UniBank, Firefighters Mutual Bank and Health Professionals Bank brands will operate alongside each other.
More branches, no closures
There’ll be no branch closures due to the merger. Post-merger members will have access to nearly double the number of branches, with locations from both banks available to all members.
100% member-owned
We’ll remain 100% member-owned, meaning our profits are re-invested into our organisation for the benefit of members and the community.
Greater investment into smarter, safer banking
We'll invest more in digital and mobile banking; boost customer support; and strengthen investment against scams, fraud and cyber threats.
100% Australian based
Our operations will remain 100% based in Australia.
Stronger bank, broader career paths
Our combined 750 employees will have even more opportunities to grow and build fulfilling careers in our bank and there will be no forced redundancies as a result of the merger.
Profit for purpose
We’ll keep operating as a profit for purpose bank and retain our commitment to B Corp Certification.
Giving back to our communities
We'll keep supporting the industries and communities that support us through sponsorships, scholarships and other community partnerships. Post-merger we'll also support the Australian Mutuals Foundation.
Australian Mutual Bank suppliers
We are communicating with Australian Mutual Bank Limited (AMBL) suppliers to ensure suppliers are aware of the upcoming merger and any relevant details. This notice has been sent to the best supplier contact details currently held by AMBL.
Unless you are contacted separately, there is no change at this stage to your existing commercial arrangements or day-to-day engagement, other than the administrative matters outlined in the formal notice. For further information, please refer to the contact details provided in the communication you received.
If you have not been contacted, and believe you should have been, please email us.