Announcements

Partnership with Australian Catholic University [25 March 2022]

Merger with Pulse Credit Union Limited [8 November 2021]

Pulse Credit Union Limited merger vote results [8 September 2021]

Progress update on our merger with Pulse Credit Union Limited [5 August 2021] 

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Partnership with Australian Catholic University

25 March 2022

Raising awareness of the continued importance of business ethics responsibility, we have joined forces with the Australian Catholic University in an ethics and value-driven partnership.

The partnership involves a three-year collaboration program around scholarships, promotion of diversity and inclusion, guest lectures in areas such as cybersecurity, ethical banking or budgeting, opportunities for student internships and work placement, innovation, and translational research projects towards ethical and positive societal impact.

At Teachers Mutual Bank Limited, we believe in using banking as a force for good. 

Steve James, CEO of Teachers Mutual Bank Limited said: 

“As a bank where social responsibility drives everything we do, Teachers Mutual Bank Limited has a deep value alignment with the Australian Catholic University and we are looking forward to what we can achieve together.” 

Teachers Mutual Bank Limited and the Australian Catholic University ratified their agreement by signing a Memorandum of Understanding on Wednesday, 9 March. 

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Merger with Pulse Credit Union Limited

8 November 2021

As of Monday 1 November, Teachers Mutual Bank Limited completed the legal transfer to formalise its merger with Pulse Credit Union Limited. The final data migration occurred on 5 and 6 November 2021.

We now welcome over 6,000 Pulse Credit Union Limited Members to Health Professionals Bank and UniBank. Our new Members will have access to a wider range of products and services such as a mobile banking app, unlimited ATM withdrawals, NPP, and the opportunity to apply for credit cards.

Chief Executive Officer, Steve James, said: “At Teachers Mutual Bank Limited our purpose is to provide good banking, for those who do good. We are so proud to serve over 220,000 Members across Australia working in the essential niches of education, emergency services and healthcare.”

Welcome to Teachers Mutual Bank Limited! 

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Pulse Credit Union Limited merger vote results

8 September 2021

A Special General Meeting for Pulse Credit Union Limited members was held on 7 September 2021 to vote on the proposed merger with Teachers Mutual Bank Limited. We are pleased to report that the Pulse Credit Union Limited members voted strongly in favour (98%) of joining the Health Professionals Bank and UniBank divisions of Teachers Mutual Bank Limited.

Subject to final regulatory approvals, Pulse Credit Union’s 6,000 members will join our Bank on 1 November 2021. We look forward to welcoming them and growing our presence in the Victorian healthcare and tertiary education community.

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Progress update on our merger with Pulse Credit Union Limited

5 August 2021

Our proposed merger with Pulse Credit Union Limited in Victoria is progressing well. We have received approval from the regulator, APRA, to present the merger proposal to the Pulse Credit Union Limited Members, encouraging them to vote in a Special General Meeting that will be held on Tuesday 7 September 2021. 

The proposed merger can proceed if at least 75% of Members voting support the proposal recommended by the Board of Directors. Our Members will not be required to vote.
Teachers Mutual Bank Limited CEO, Steve James, said: 

“The proposed merger with Pulse Credit Union Limited creates an opportunity for us to grow further and provide exceptional service and value to additional loyal mutual banking members based in Victoria.”

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