Teachers Mutual Bank plan merger with NSW credit union

07 March 2016

Teachers Mutual Bank (TMB) have announced plans to merge with Fire Brigades Employees’ Credit Union (FBECU), a New South Wales based credit union that services the firefighting community in the state.

Fire Brigades Employees’ Credit Union was established in 1968, and has over 7,400 members and $215 million in assets.

Teachers Mutual Bank and Fire Brigades Employees’ Credit Union are both member-owned industry based mutuals committed to providing their members with the highest level of service and benefits.

TMB, a BCCM member, have stated this proposed merger is an exciting opportunity to support the continued growth of the mutual banking sector for the benefit of all members.