User:Dkam/Members Equity Bank

Members Equity Bank, based in Melbourne Australia, focuses on low cost, no frills banking products. Members Equity are owned by Industry Super Holdings.

History and development
Launched in 1994 by National Mutual as SMHL (Super Members Home Loans ) the early priority was on providing home loans to Australian Workers. The bank was renamed to Members Equity Bank in 1999 and received their banking licence from Australian Prudential Regulation Authority in July 2001.