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Teachers Credit Union Lowers Rates by 0.25%
Teachers Credit Union members have voted resoundingly, and in record numbers, in favour of a name change to Teachers Mutual Bank.
Teachers Credit Union announced today it will reduce interest rates on its variable home loan products by 0.25%, following the Reserve Bank’s announcement on Tuesday that it would lower the cash rate by 0.25%.
The fifth pillar of banking is set to gain momentum as Teachers Credit Union, Australia’s third largest credit union today announced its bid to become a mutual bank, the largest credit union so far to do so.
Aspiring teachers can get assistance to finance their education with a $5000 Future Teacher Scholarship from Teachers Credit Union.