On becoming a member of our bank, you're not just a customer, you're an owner!
We have a proud history as a member-focused organisation. As a mutual bank, our customers are also members and owners, meaning our focus is on delivering value to them rather than profits to external shareholders.
Our origins date back to 1953, with the formation of the Motor Transport Employees Savings & Loans Co-op. In 2019, Sydney Mutual Bank (formerly Sydney Credit Union) and Endeavour Mutual Bank merged to form Australian Mutual Bank, continuing a long tradition of member-focused banking.
On 1 May 2026, Australian Mutual Bank became a division of Teachers Mutual Bank Limited, alongside Teachers Mutual Bank, Health Professionals Bank, Firefighters Mutual Bank and UniBank. Collectively, Teachers Mutual Bank Limited has more than 280,000 members and over $14.2 billion in assets*.
Teachers Mutual Bank Limited is a market leader in member advocacy in the Australian banking sector and committed to strong standards of corporate responsibility through community investment and ethical business.
As part of Teachers Mutual Bank Limited, we are well positioned to continue delivering trusted service, long-term value and a positive future for our members and communities.
*$14.2 billion as at February 2026.
