A new face in banking is launched today – and on its first day as Teachers Mutual Bank, the former Teachers Credit Union confirms that it has seen a growing shift of customers away from the big banks, towards the mutual sector. The trend has been acknowledged in mutual banking circles since the big four banks broke ranks with the RBA interest rate cycle late last year.
Perth AM radio station 6PR and Teachers Credit Union are looking for Perth’s FAVOURITE TEACHER. Not only will the teacher and their school win a share of $15 000 of the $20 000 prize pool, but you too are in the draw to win $5 000.
Read more: Teachers Credit & 6PR Perth's Favourite Teacher Competition
ME Bank has today announced that it will hold its standard variable interest rates following the Reserve Bank’s decision to maintain the official cash rate at 4.25%. Keeping rates stable ensures that customers will continue to receive a fairer rate than those offered by the big banks. “Raising interest rates in a declining rate environment is a clear signal that the major banks are looking to place the full financial burden of the higher cost of funding onto their customers,” said ME Bank CEO Jamie McPhee.
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First Title Property Risk Insurance
Your home can be stolen, just like a car or bike. While it is nearly impossible for someone to pick up a house and take off with it, housing theft still occurs by way of title fraud.
These types of scams have recently been at the forefront of local media. The West Australian newspaper reported the August theft of a house from an unsuspecting Ballajura family while they were overseas. Scammers posed as the property owners to a local, well known real estate agency who subsequently sold the property for $400,000. In June 2010, a homeowner lost his Karrinyup estate, worth $485,000, when it was illegally sold in a similar manner.
Channel 9 News reported on 23 August 2011 that “Up to 400 WA property title transactions are being re-examined...Consumer Protection Commissioner Anne Driscoll has warned there could be more cases that have not yet been detected.”
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