Teachers Mutual Bank: Our proposed merger with Australian Mutual Bank

From Monday 9 February, we’ll be asking our members to help us create an even stronger bank by voting in favour of our proposed merger with Australian Mutual Bank.

As a merged bank, we’ll have increased capacity to invest in what our members value: customer service, competitive financial products, and digital banking services – including fraud and scams prevention technology.  Importantly, we’ll remain committed to supporting the professions and communities that support us, through sponsorships, scholarships and other community partnerships.

Together, we’ll be an even stronger, more resilient, 100% member-owned bank.

By voting yes for the merger, our members will be voting for:

• Lower fees, more value and a broader range of products
• Access to nearly double the number of branches
• Improved Australian-based customer service
• More investment in smarter, safer banking

Upon merging, we will:

• Continue to support our professions and communities through sponsorships, scholarships and other community partnerships
• Continue operating Teachers Mutual Bank, Health Professional Bank, Firefighters Mutual Bank and UniBank alongside Australian Mutual Bank
• Make no changes to our members’ banking details, including account numbers and payment arrangements
•  Continue to provide Bank@Post access
• Maintain our ‘profit for purpose’ model and commitment to B Corp Certification
• Remain 100% member-owned and Australian-based

What’s next

When the member vote opens on Monday 9 February, all members who are eligible to vote will be sent a Member Information Booklet and voting materials.

Voting closes at our Special General Meeting which will be held on Thursday, 12 March 2026. Members can attend and vote online or in person. To find out more click here.