Supporting the independent education community


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Voted one of the world’s most ethical companies for six consecutive years!

Join the bank that understands you.

Teachers Mutual Bank is Australia's leading bank for employees in the education sector. Established by teachers for teachers, our competitive products1 and services are created to benefit teachers, their families and employees in the education sector at every stage of their life. We're also one of the world's most ethical2 companies. When you bank with us you are investing in a brighter future for the education community, the planet and its people - with zero direct investment in fossil fuels.

Our benefits include:

  • Competitive interest rates
  • Mobile3, online and in-branch banking
  • Mobile home loan lenders4 who come to you
  • Business relationship managers who come to your school
  • A flexible credit policy4 for full-time, contract and casual teachers
  • Sponsorship at conferences that support the career development of teachers
  • Future Teacher Scholarships to university students studying education
  • Be the first to read the latest articles on education, lifestyle, wellness, finance and travel—delivered straight to your inbox! Subscribe to ThinkBank

Create a brighter future today and join a bank designed just for you. Teachers Mutual Bank. Not just any bank, your bank.

To join* or find out more, visit or call 13 12 21.

Terms and conditions

* Membership is open to citizens or permanent residents of Australia who are current or retired employees of the Australian education sector or family members of members of the Bank.

  1. Conditions of use - Accounts and access document and Fees and charges brochures are available online or from any of our offices. You should read both of these documents before deciding to open accounts and access facilities issued by the Bank. Any advice provided here does not take into consideration your objectives, financial situation, or needs, which you should consider before acting on any recommendations. For further information call 13 12 21 or go to
  2. The World's Most Ethical Company assessment is based upon the Ethisphere Institute's Ethics Quotient™ (EQ) framework. The Ethisphere® Institute is a global leader in defining and advancing the standards of ethical business practices that fuel corporate character, marketplace trust and business success. More information at:
  3. You should consider whether this service is appropriate for you before acquiring it. For additional information on security please refer to our Security Guide for electronic transactions available online. Access is subject to availability and maintenance. We test mobile banking to ensure compatibility with the majority of popular devices used by members but cannot guarantee that it will be compatible with all devices and operating systems.  We do not charge you for accessing your accounts using your mobile. Internet data charges and call charges may be incurred through your mobile service provider - check with your Internet Service Provider or mobile phone service provider for more details. A 3G or Wi-Fi connection is needed for the mobile banking and map features.
  4. Membership eligibility applies to join the Bank. Fees and charges and lending criteria apply. Consumer Lending terms and conditions available online or from any of our offices. Credit Card terms and conditions available online or from any of our offices.

Teachers Mutual Bank Limited ABN 30 087 650 459  AFSL/Australian Credit Licence 238981

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ME is here to 'Help all Australians get ahead'

ME is a 100 percent Australian-owned, APRA-regulated bank, established by industry super funds with profits going back to members of the industry super fund members.

IEU members will have access to which are only for participating fund and union members.

ME is committed to helping all Australians get ahead and alleviating financial stress via dedicated financial coaching programs tailored to where you are in life.

ME recently launched a new diversity and inclusion strategy as part of its commitment to a culture that enables different voices to be heard, valued and included. From that strategy has come the formation of Women at ME and the one-year anniversary of ProudlyME, an internal LGBTIQ+ group that promotes LGBTIQ+ community issues.

The union movement's hard-fought principles of fairness and collective benefit are at the very heart of Bank ME business. The bank is owned by industry super funds and profits go back to them, to assist in achieving a better quality of life for members in their retirement.

ME products are straightforward, easy-to-understand and transparent. There are no hidden costs and no bank jargon.

Access the ME updated changes and learn about other ways we can help you get ahead: ME Frank credit card and app

To set up an appointment with a Mobile Banking Manager call 13 15 63 or visit ME Bank for further information.


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November partnership update

ME passes on full RBA rate cut

Dear IEU

At 10.30am today ME announced it is passing on the full RBA cash rate cut of 0.15% p.a. to all its variable rate home loan customers, effective 26 November 2020.  


We have been speaking to thousands of our home loan customers over the past six months, many of whom have shared their concerns about the financial impact COVID-19 is having on households.


This decision will help many of those households through what is a difficult financial period. For an owner occupier borrower paying principal and interest repayments on a 25-year $400,000 home loan, this rate cut by ME could put $406 back into their pocket annually.


This was a great opportunity for ME to differentiate itself from other banks. At the time of writing ME was one of, if not the only, first or second tier bank to have passed on the RBA rate cut in full and at a time when customers really need it. ME continues to be a bank focused on helping Australians get ahead and we remain fully prepared to put customers first when other banks are not.


The effective date for all ME’s variable home loan rate changes is 26 November except for two legacy products where rate change dates are dictated by their specific terms and conditions.  


Home loans

Rate change

Effective date

Flexible Home Loan, Flexible Home Loan with Member Package and Basic Home Loan


26 November 

Standard Home Loan (settled after 1 Oct 1998)


26 November

Ultimate Offset Account


26 November

Interest Only Investment Loan


15 December

Standard Home Loans settled before 1 October 1998


15 December 


For deposit customers, ME is yet to make a decision on changes to our deposit products. Members will be notified as soon as a decision is made.



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G&C Mutual Bank

G&C Mutual Bank has been providing financial services to members for over 56 years and has been affiliated with IEU for over 20 years.
We are a bank with a difference where every one of our members is an owner with a voice and a say in our future. We reinvest our profits back into the business so we can provide better products and services for our members to create a more rewarding community bank for everybody. We offer a full suite of financial solutions and offer a trusted, personalised service.

Call G&C Mutual Ban on 1300 364 400 or visit for more information on our products and services.