Teachers Credit Union to make its move into mutual banking

An article published in The Australian on 12th October 2011 covered the announcement of our bid to become a mutual bank when our members cast their vote at our Annual General Meeting held on 26th November 2011.

The article quoted CEO Steve James commenting that our mutual bank proposal was “inspired by the government’s banking reform package, a significant part of which includes building a fifth pillar in the banking system to put competitive pressure on the big four banks.”

Steve James also emphasised the mutual bank status being able to “help member-owned banking become more competitive and a powerful force in banking.”

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