Teachers Mutual Bank to merge with Fire Brigades Employees' Credit Union

Teachers Mutual Bank to merge with Fire Brigades Employees' Credit Union
Teachers Mutual Bank to merge with Fire Brigades Employees' Credit Union

Leading mutual lender, Teachers Mutual Bank intends to merge with the NSW-based Fire Brigades Employees’ Credit Union. 

The boards of Fire Brigades Employees Credit Union (FBECU) and Teachers Mutual Bank have signed a memorandum of understanding.

FBECU has over 7,400 members and more than $215 million in assets. Teachers Mutual Bank was established in 1966, now with over 160,000 members and $4.5 billion in assets.

Jonathan Chancellor

Jonathan Chancellor

Jonathan Chancellor is one of our authors. Jonathan has been writing about property since the early 1980s and is editor-at-large of Property Observer.

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Banking Credit Union

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