Media Release Teachers Mutual Bank support for bushfire victims Talk to us Phone us Email us Breadcrumbs Teachers Mutual Bank About us Media releases Media releases 2013 Media Release 24 October 2013 24 October 2013 Teachers Mutual Bank support for bushfire victims Teachers Mutual Bank is reaching out to bushfire-affected members with individual and community support, both now and throughout this summer of potential bushfire threat. As well as a support package of measures to help members sort out their immediate financial issues, Teachers Mutual Bank will provide $500 to each member whose home has been lost as a result of the bushfires, so that they can purchase immediate essentials. This applies to each Teachers Mutual Bank member, regardless if they are in the one family home. “We have many members in the Blue Mountains, and we know that some of them have lost their homes. We understand how distressing this is, so we want to help them get back on their feet as quickly as possible. Our staff are standing by to assist members with their finances, and to provide this extra cash to help them out,” said Steve James, CEO of Teachers Mutual Bank. The mutual bank will also provide $25,000 to assist the public education sector in bushfire-affected areas in NSW, and will work alongside the Department of Education and Communities, and the NSW Teachers Federation, to allocate the money as needed. The mutual bank’s support package includes: Repayment assistance - each member’s situation is reviewed individually and solutions are developed to suit their specific circumstances. This could include reducing repayments or stopping them for a short period of time. Provision of emergency credit. Replacement (fee-free) of cards lost or damaged as a result of the fires. Refund of any ATM fee incurred by members if they have to use a non rediATM due to the unavailability of their local rediATMs or EFTPOS facilities. Full interest paid on term deposits should members need access to the funds before they mature. Members adversely affected by fires should contact Teachers Mutual Bank on 13 12 21 to discuss the options available to them. Further information: Gillian Tatt, PR and Corporate Affairs Specialist, Teachers Mutual Bank, on 02 9735 9825 or 0448 259 942 Back to top.