ME Bank

Members Equity Bank Limited
Type Private
Industry Banking
Predecessor Super Member Home Loans
Founded Melbourne, Australia 1994 (1994)
Headquarters Melbourne, Australia
Key people Bernie Fraser (Chairman) Jamie McPhee (CEO)
Employees 700 (2009)
Parent ISH
Website http://www.mebank.com.au/

Members Equity Bank Limited, operating as ME Bank is a bank based in Melbourne Australia, focuses on low cost, no frills banking products. Members Equity is owned by Industry Super Holdings.[1]

History and development

Launched in 1994 by National Mutual as SMHL (Super Member Home Loans), the early priority was on providing home loans to Australians belonging to industry superannuation funds. The organisation was renamed to Members Equity Bank in 1999 and received their banking licence from Australian Prudential Regulation Authority in July 2001.[2]

References

  1. ^ ME Annual Report
  2. ^ Members Equity - About Page