Update from Teachers Mutual Bank
Recently the Bank proposed an update to the Common Bond - Natural Persons in the Bank's Constitution.
The proposed update was to better position our membership criteria to support the education, emergency services and healthcare sectors across Australia.
The resolution was passed with 92% of votes received being in favour.
What the changes involve?
An exciting change for the third-party channel and their division Firefighters Mutual Bank, is the addition of volunteers in the emergency services sector who are now eligible for membership of the Bank. This includes all volunteer firefighters and state emergency services workers Australia wide.
Overall, the membership criteria for each division Firefighters Mutual Bank, Health Professionals Bank, Teachers Mutual Bank, and UniBank has been simplified. The Board strongly believes this is a positive outcome for our members. Not only does it support the long-term sustainability of the Bank, it means we are better positioned to support the education, emergency services and healthcare sectors across Australia.
To view the Bank's Constitution in full click here.
What's being updated?
A revised Application for membership form is now available on:
- The NextGen ApplyOnline system
- The TMBL Broker Portal under Forms.