Welcome to QTMB

Welcome to lower fees and more competitive interest rates. The new, smarter way of banking is here. 
After 46 years as Queensland Teachers’ Credit Union, in October 2011 we became Queensland’s mutual bank. Today, we proudly invite you to join the wonderful people, to be part of the pioneering spirit, and to enjoy the outstanding level of service that is QT Mutual Bank.

A proud history of firsts.

In 1975, QTCU was the first credit union in Queensland to install its own computer. In 1977, we were the first financial institution to install a 24 hour ATM. And in 2009, after the international turmoil of the GFC, we were the first financial institution in Australia to introduce the Rate Tracker home loan. This pioneering product guarantees changes in interest rates stay consistent with the official changes made by the Reserve Bank of Australia. With a proud history of firsts, it makes perfect sense that we’ve become Queensland’s Mutual Bank.

100% owned by customers

While conventional banks are owned by shareholders (often by a majority of large institutional investors), QT Mutual Bank, is owned solely by its individual customers. This has lots of great benefits, including the fact that profits are reinvested into improving the range of financial products and services for you. It could  be things like making fees fairer, offering better rates, and introducing innovative product ideas. It also means you have a greater say in your financial future.

One vote, one value.

Every owner of QT Mutual Bank has one equal vote. So no matter how much (or how little) the financial value of your relationship with us, your value as a customer is of the same, equal importance as everyone else. Though voting is not compulsory, we actively inform you of, and encourage you to have your say on all important issues where a vote is required. In fact, the decision to change from a credit union to a mutual bank was only carried out after a vote.

New name. Same outstanding  service.

One of the things that will never change is the reputation our people have as some of the warmest, friendliest banking staff in Australia. It’s no coincidence that the people who serve you are owners of QT Mutual Bank too. They’re part of the fabric of the communities they serve.

Joining QT Mutual Bank is easy.

It’s as simple as filling out an ownership form in branch and investing $10 in your ‘share’. But it’s more than just a share in QT Mutual Bank. It’s an investment in new ideas. It’s about owning more of your own financial future. It’s about taking advantage of lower fees, better interest rates and more opportunities for you and your family. QT Mutual bank is the new, smarter way to bank.