Office address: 28-38 Powell Street Homebush NSW 2140
Website: www.tmbl.com.au
Year established: 1966
Company type: banking
Employees: 560+
Expertise: transaction accounts, savings accounts, home loans, personal loans, car loans, credit cards, home insurance, teachers car buying service
Parent company: N/A
CEO and key people: Anthony Hughes, CEO
Financing status: Public
Teachers Mutual Bank Limited (TMBL) is one of the largest mutual banks in Australia with more than $10 billion in assets. With over 220,000 members, it is a customer-owned financial institution that focuses on being socially responsible and ethical. Its business model lies in ethically reinvesting their members’ money back into the bank thus growing with the essential worker community.
Teachers Mutual Bank Limited was founded in 1966 with the goal of only serving public (state) school teachers. Generally credited as pioneers for employing telephones for banking, they are also known to be one of the earliest banks to do internet banking.
TMBL is now owned by a wide range of members, spanning more than 50 years of service. The bank has merged with different financial institutions since then. Now TMBL has 5 different divisions:
Teachers Mutual Bank Limited has several offers and services to help their customers:
Teachers Mutual Bank Limited’s culture is distinguished by a collective commitment to values of advocacy, passion, and sustainability. TMBL also promotes investing in the community. The bank’s community investment contribution percentage is 5.6 times higher than the average of the Big Four banks.
The bank’s mission for social responsibility is shown through the choice of industries they invest in. They have a strict social responsibility criteria, such as not investing or lending money to entities that pollute the Earth. TMBL is the only bank in Australia to be named as a “Responsible Investment Leader” by the RIAA from 2021-2023.
Anthony Hughes was appointed CEO in 2023. He brings more than 25 years of experience to the role, having held leadership positions in some of Australia’s largest banks like Westpac and BT Financial Group.
Hughes has a master’s degree in Accounting from Macquarie University and a bachelor’s in Economics from the University of New Castle. He also has an MBA from the Australian Graduate School of Management at the UNSW Business School.
Teachers Mutual Bank Limited continues its substantial economic growth and is living up to its passion for social responsibility. Awarded as one of the World’s Most Ethical Companies and Green Bank of the Year, TMBL's future is shaped by its commitment to sustainability, responsible banking, and serving the community. The bank's initiatives, such as aiming for a 100% electric vehicle fleet by 2027 and achieving net zero for direct greenhouse gas emissions since 2012, will certainly open more doors for the future.
The initiative aims to reduce scams and mistaken payments
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