Mutual Bank

• Ian Rogers

“There’s no reason we can’t be Australia’s first member-owned bank to have a million members,” People First Bank believes. read more

• Ian Rogers

CUFSS Limited has weathered its unviable years, with the board and CUFSS’ 35 members looking on the bright side. read more

• Ian Rogers

This year’s sale of its health fund to HBF has delivered to Queensland Country Bank one of the largest ever profits for a mutual bank. read more

• Ian Rogers

Auswide Bank remains on the prowl for takeover opportunities. read more

• Ian Rogers

Continuing this year’s theme of exceptional profits among leaders in the mutual banking sector, G&C Mutual Bank annual report released on Friday showed a return on equity of 8.3 per cent. read more

• Ian Rogers

Unity Bank’s exposures to a handful of property developers will be concentrating the minds of management and the board of the mutual bank. read more

• John Kavanagh

Newcastle Greater Mutual Group finished the 2022/23 financial year with A$20.1 billion of assets, making it one of the country’s biggest mutual banks and a “significant financial institution” for regu.. read more

• John Kavanagh

Teachers Mutual Bank struggled to keep pace with increased competition in the home loan and retail deposit markets in the year to June, and was hit by system errors for the second year in a row. read more

• Ian Rogers

Regional Australia Bank has set a new benchmark for the mutual banking sector. read more

• Ian Rogers

Bank Australia wants to make clear in its constitution that its purpose should include wider societal and environmental benefits, as well as benefits to its members. read more

• Ian Rogers

Growing well above system, The Mutual Bank in Maitland grew its expense line even faster over the year to June 2023. read more

• Ian Rogers

AWA Alliance Bank, a Geelong-based former credit union, is seeking to disassociate from the Alliance Bank network of Bendigo and Adelaide Bank, and amalgamate with Beyond Bank. read more

• Ian Rogers

Mutual financial services group Australian Unity has elected to prop up its banking division, topping up the bank’s capital by $4.8 million during the 2023 financial year. read more

• John Kavanagh

The Customer Owned Banking Code Compliance Committee has renewed its call for mutuals to review their reporting systems to ensure they are capturing code breaches and reporting them. read more

• Ian Rogers

RACQ is setting out to double the returns it earns from its banking division. read more

• Ian Rogers

G&C Mutual Bank and Unity Bank will be joining forces, consummating one of the longest-debated mergers in Australia’s mutual banking landscape. read more

• Ian Rogers

On the back of a robust full year result, IMB Bank has reminded the sector that it is wide open to merger opportunities. read more

• Ian Rogers

The banking landscape “will settle with a small number of larger mutual players”, S&P Global said in a forthright assessment of this sector. read more

• Ian Rogers

Unity Bank has priced $27.5 million in Additional Tier 1 capital, a rarity in the mutual ADI sector. read more

• John Kavanagh

Some subscribers to the Customers Owned Banking Code of Practice, which came into force in November last year, have faced “transition challenges” meeting their new obligations, an implementation revie.. read more