Our Story

Established in 1959, we're Australia's longest serving Defence financial institution.

Our Story

Your bank.  We appreciate what you do and what you need

We’ve been helping Australian Defence personnel and their families make the most of their money since 1959. After 60 years serving our members we know a thing or two about the unique aspects of life in the armed services.

We’re dedicated to helping the men and women who protect and serve our community offering customised products, lower fees and competitive interest rates to integrate your service with your financial wellbeing.

As a mutual organisation, Australian Military Bank is run for the benefit of our members who are also our shareholders. This means we’ll always put you first, we;

  • have over 56,000 members;
  • manage member funds in excess of $1.45 billion
  • offer a digital first 24/7 globally accessible service
  • offer ATMs and branches at major defence bases
 

The story so far
 

Over 60 years we’ve had quite a few highlights:

  • 1959: Founded as the Navy (Civil Staff) Co-op. Ltd.
  • 1971: Membership extended to civilian employees of the Army and RAAF in NSW
  • 1983: We merged with Army Defence (NSW) Credit Union and rebrand as Australian Defence Credit Union (ADCU)
  • 2008: Selected by Departement of Defence as one of three DHOAS home loan providers
  • 2014: Achieve in excess of $1 billion funds under management
  • 2015: Membership exceeds 50,000 and new name, Australian Military Bank
  • 2018: Launch of new Core and Digital Bank offerings 24/7
  • 2019: Awarded Baa1 Stable rating from leading global independent agency Moody’s
  • 2020: 56,000 members, 4 million+ logins
 

Award-winning products
 

We're proudly sustaining an offer of award winning products and services.

  • Our Savings and Term Deposit products were awarded Canstar's 5 star rating for Most Outstanding Value Savings Account 2016, 2018 & 2019 and Bronze in Mozo’s 2015 Experts Choice Award
  • Our Low Rate Visa Card was awarded Mozo’s Experts’ Choice Award in 2014, 2016 & 2018 and Canstar's 5 star rating for Outstanding Value Credit Card – Low Rate 2016
  • Our Green Loan is 2019 Mozo Experts Choice Award Winner
  • Our DIY Super Saver Account won the Money Magazine Award Best of the Best (Bank Category), 2015 and Canstar's 5 star rating for outstanding value.  
  • Our New Car Loan was been awarded Canstar’s 5 star rating for outstanding value and was awarded gold in Mozo's Experts Choice Awards 2015.
 

Like what you see

Like what you see? Let us help you further

Your browser is out-of-date!
click here to access online banking click here to upgrade your browser

×