Teachers Mutual Bank

We are pleased with the overwhelming response at both our AGM and through proxy votes to our proposal to become Teachers Mutual Bank.

Over 83% of members who voted were in favour of the resolution which means we are now a step closer to becoming “Teachers Mutual Bank”.

What are the next steps

Now that we have the support of members we must get formal approval from APRA (Australian Prudential Regulation Authority).

Subject to the name change being approved we have requested that it become effective from April 2012.

Thank you for your support

The Board of Directors and Management would like to thank members for their support and endorsement of this name change.

Member benefits

Becoming a mutual bank will strengthen our competitiveness in the financial services market and present us with more options to reduce our costs. This will give us a platform from which to improve and expand our range of superior products and services for members.