Our story
We were created for one simple reason: to give our members a better deal in banking.
More than 60 years ago, in the Chemistry Department at the University of Western Australia, a group of academics set out to pool their resources to help one another pursue their goals. They believed there could be a fairer alternative to the big banks of the day - one that understood academic life and put people before profit. That idea became UniBank, and it still guides us today.
We’re proudly member-owned and focused on the needs of university staff, students and alumni. We don’t answer to external shareholders, only to our members - the people who own the bank and use it every day. That’s why we design our products, policies and support around our members’ needs.
From making home loans more accessible to contract workers, to offering transaction and savings accounts with $0 monthly fees, mobile bankers who can meet you at work, at home or over the phone, and an Australian-based call centre where you can speak to real people who listen and take the time to help.
Today, we’re part of one of Australia’s largest member-owned mutual banks. As a division of Teachers Mutual Bank Limited we work alongside Teachers Mutual Bank, Australian Mutual Bank, Health Professionals Bank and Firefighters Mutual Bank to serve over 280,000 members across education, healthcare and emergency services – and the University staff and graduates who are shaping Australia’s future.
MILESTONES
1964
The University Staff Credit Society Limited is established at the University of Western Australia.
1985
The name is changed to The University Credit Society Limited, reflecting the broader member base the Society now serves; members adopt the moniker Unicredit.
1985
Unicredit is officially registered as the new name.
2015
Unicredit members overwhelmingly approve a merger with Teachers Mutual Bank, leading to a rebrand as Unibank, which begins operating as a division of Teachers Mutual Bank Limited.
2015
We initiate a decade-long partnership with the Credit Union Foundation of Australia (CUFA) to help alleviate poverty and create sustainable change across the Asia Pacific region.
2022
We achieve B Corp Certification for the first time.
2023
We embark on our first Reconciliation Action Plan (RAP), a formal step towards reconciliation.
2025
We re-certify as a B Corp and open a new head office in the heart of Sydney's CBD.
Putting members first. That's customer-owned banking.
Over 4.5 million Australians bank with mutual banks, credit unions and building societies; organisations that reinvest profits into better banking for their customers and their communities.
As one of Australia’s largest mutual banks, we helped develop the Customer Owned Banking Code of Practice, reinforcing our commitment to:
- the benefits of mutuality
- community involvement
- fairer fees and
- outstanding customer or member service.
Credentials and recognition
Our commitment to responsible banking is reflected in the accreditations that support our purpose of Banking for Good. Since 2014, we’ve earned over 60 recognitions for sustainability and ESG performance.
Do work that makes a difference
Purpose-led work. People-first culture. You’ll be part of a team that supports essential workers, values fairness and collaboration, and takes pride in doing work that genuinely makes a difference.
LATEST UPDATES
- One of only 60 banks globally to be Certified by B Corp as of 11 March 2026
- National Winners 2024 - Banksia Foundation banksiafdn.com/national-winners-2024 Large Business Sustainable Leadership Award by the Banksia Foundation The Banksia Foundation was established in 1989 by a group of passionate people, recognising community members for their positive contributions to social and environmental sustainability initiatives. The Large Business Sustainability Leadership Award celebrates exceptional commitment and achievements in integrating sustainable practices across its operations (including governance).
- GoodCompany Awards | GoodCompany | Australia Named to the Good Company Awards (previously known as Best Workplaces to Give Back) These awards recognise the Top 40 companies in Australia that exemplify giving back via donating, volunteering, fundraising, charity gift cards, and other pro-social behaviours.
- https://www.responsibleinvestment.org/research-and-resources/type/benchmark-reports Responsible Investment Leaders are recognised by the Responsible Investment Association Australasia (RIAA). RI leaders are named in the RIAA Benchmark report Benchmark Report