Victoria Teachers Mutual Bank
Banking and Financial Services - Hawthorn East, VIC
As a customer owned bank, we are an Authorised Deposit-taking Institution and are protected by the same safeguards that apply to all banks and financial institutions.
As a customer owned bank, we are an Authorised Deposit-taking Institution (ADI) and are protected by the same safeguards that apply to all banks and financial institutions, and are regulated by the same authorities. As a mutual, our customers are also shareholders. Profits are reinvested into the organisation, to strengthen the Mutual Bank and return value to Members.
Most of our Members work in the Education Community, or are families of people working in education, however anyone is welcome to join the Mutual Bank. Our Board of Directors share the Mutual Bank's philosophy of providing customers with a fair deal and superior service and are elected by customers via ballot.
Each customer holds one share and has one vote and is entitled to stand for election to the Board*. This means all customers have an equal chance to have their say and influence policy.