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We've been passionate about teachers and their families since 1966
Back in 1966 Teachers Credit Union was established by teachers, for teachers. Since our humble beginnings, we’ve grown from 29 members and $644 in deposits, to over 155,000 members and $3 billion in assets. Not bad when you think that our very first meetings were held in a tennis shed!
Our success was born out of a dream and a vision to give teachers and their families better financial options. For three years the founding members worked tirelessly to gain approval to launch the Credit Union. With volunteers processing work it wasn’t long before teachers used their lunch hours to bank with us. Our members saw this as same day service and thus began our strong service ethic.
Building on 46 years of success as a mutual financial institution, we asked members to support our proposal to change our name. After an overwhelming response at both our AGM and through proxy votes in November 2011, and gaining APRA approval in early 2012, we became Teachers Mutual Bank in April 2012.
Becoming a mutual bank will allow us to strengthen our competitiveness in the financial services market. This means we can create better products and services, reduce our costs and pass the savings directly on to you.
We may have changed to Teachers Mutual Bank, but our philosophy hasn’t. We’re committed to helping you save money, build wealth and enjoy financial wellbeing throughout your lifetime. We never forget that it’s our members who benefit from our financial performance. That’s why we have always put you first.
We focus on five pillars of sustainable business practices being:
- Good governance
- Operational excellence
- Sound financial performance
- Excellent member relations
- Environmental and community responsibility
We’re advocates for you. We’re here to give teachers and their families better options and ultimately, a better way of life. So while some things have changed, one thing will always stay the same. And that’s our unwavering commitment to our members.
A snapshot of our major milestones since 1966
A collection of photos over the years