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Teachers Mutual halves home loan products


Teachers Mutual halves home loan products
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Sarah Simpkins
Sarah Simpkins
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Teachers Mutual has unveiled a new streamlined home loan portfolio, slashing its previous six offerings down to three products.
The new range has slimmed the bank’s previous mortgage products into three offerings: Classic Home Loan, Your Way and Your Way Plus.
Teachers Mutual Bank Limited has also introduced new benefits catered to essential workers in education, emergency services and healthcare. If such workers take up the new Your Way Plus package, they will receive a variable interest rate reduced by 0.05 per cent, and if they are a first home buyer, the loan’s annual fees will be waived. ....

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Bank completes merger with credit union


Mortgage Business
Bank completes merger with credit union
By Annie Kane
04 May 2021
A mutual bank has welcomed 3,000 new members after completing its merger with a credit co-operative.
Firefighters Mutual Bank, a division of Teachers Mutual Bank Ltd, has welcomed the new members after finalising the data transfer to formalise its merger with Firefighters Credit Co-operative Ltd.
All of the former Firefighters Credit Co-operative members are therefore now part of Firefighters Mutual Bank and have access to its range of products and services.
This includes a wider range than was available under the co-operative, including the ability to apply for fixed rate loans and credit cards, access to a mobile banking app, free and unlimited ATM withdrawals, and access to its new payments platform (NPP).  ....

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