The Work Index by Flexa

Teachers Mutual Bank Limited

Teachers Mutual Bank Limited is a customer-owned, socially responsible bank that serves Australians working in education, emergency services, and healthcare.

https://www.tmbl.com.au/
5.1

/10

Transparency ranking

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Description

Teachers Mutual Bank Limited is a customer-owned bank headquartered in Australia that has a strong commitment to social responsibility. It serves Australians working in the education, healthcare, and emergency services sectors, as well as graduates and their families, through its five divisions: Teachers Mutual Bank, Health Professionals Bank, Firefighters Mutual Bank, UniBank, and Hiver. The bank is 100% owned by its members and prioritizes reinvesting profits back into the organization for the benefit of members, community, and society, rather than distributing them to shareholders.

Teachers Mutual Bank Limited distinguishes itself through its ethical and sustainable business practices, including responsible investment, and being a Certified B Corporation. It is recognized as a world-leading socially responsible bank, having been named one of the World’s Most Ethical Companies for several consecutive years. The bank's dedication to its core values of advocacy, passion, and sustainability resonates with its members and fosters a culture of trust and purpose-driven banking.

Benefits

Teachers Mutual Bank Limited is a customer-owned bank, meaning its profits are reinvested into the organisation and its members. This model offers employees a variety of benefits, including competitive salaries, a focus on work-life balance, and opportunities for professional development. The company promotes a positive and supportive workplace culture where employees are valued and encouraged to contribute their skills and perspectives. Additionally, as a socially responsible organisation, Teachers Mutual Bank Limited provides employees with a strong sense of purpose and the opportunity to make a positive impact on the community.

Mission

Teachers Mutual Bank Limited is a customer-owned bank dedicated to serving the financial needs of essential workers in education, emergency services, and healthcare. They prioritize social responsibility and ethical banking practices, investing profits back into their members, the community, and the environment. Their mission is to be a force for good, providing banking services that support individuals and the planet, while fostering a culture of transparency and sustainability.

Environmental impact driven
Improving quality of life/health
Not-for-profit
Social impact led
Sustainability
Tech for good

Culture

Teachers Mutual Bank Limited promotes a culture that is driven by social responsibility, member focus, and ethical business practices. They are committed to building a strong and sustainable organization by prioritizing the needs of their members and investing in their financial wellbeing. This is reflected in their values of advocacy, passion, and sustainability, which guide their actions and decision-making across the organization. Their commitment to community engagement and responsible investment practices further contributes to their ethical and values-driven culture.

People-first
Progressive

DE&I

Teachers Mutual Bank Limited is committed to a diverse, equitable and inclusive workplace. They believe in using business as a force for good and strive to create a welcoming environment for everyone. Their commitment is demonstrated by their focus on transparency, integrity, and ethical compliance, which has resulted in being named one of the World's Most Ethical Companies for ten consecutive years. They are a member of the Global Alliance for Banking on Values (GABV) and actively invest profits back into the organisation, community, and society, demonstrating their commitment to social impact.

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