Industry Banking CEO William Wolke (May 2002–) Total assets 2.02 billion AUD (2015) | Area served Australia Founded 1972 | |
Key people William Wolke,
(CEO)
Bernie Lloyd,
(Chair) Products Retail Banking
School & Preschool Banking
Insurance
Wealth Management Website Victoria Teachers Mutual Bank Headquarters Hawthorn East, Melbourne, Australia | ||
Victoria Teachers Mutual Bank is one of Australia’s financial institutions, with more than 100,000 customers, over $2 billion in assets and the only financial institution in Victoria focusing on the Education Community.
Apart from a focus on education, anyone can bank with Victoria Teachers Mutual Bank; this includes family, friends and the wider community. The Mutual Bank offers everyday banking services, loans, insurance and financial planning.
Victoria Teachers Mutual Bank differs from some other banks as it is owned by the customers, not external shareholders. Each customer owns an equal share of the organisation and profits are reinvested to add to its strength and security rather than to pay external shareholders.
Being a customer owned financial institution; Victoria Teachers Mutual Bank is an Authorised Deposit taking Institution and is regulated by the same authorities as all other banks. The Mutual Bank has all the safeguards as other banks, including the Commonwealth Government’s bank deposit guarantee.
Head office is located at 117 Camberwell Road, Hawthorn East, Victoria.
History