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.

As Australia’s longest serving Defence financial institution we’ve been helping Australian Defence personnel and their families make the most of their money since 1959. After 65 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;

  • 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 65 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 Department 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: Achieved $200,000 of charity donations via our Military Rewards Account
  • 2022: Became a Platinum Pledge Partner with Soldier On
  • 2024: Celebrated 65 years supporting the Defence community 

Award-winning products

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

  • Our Car Loan has won the 2022 RateCity Gold Award for Best New Car Loan 
  • Our Personal Loan won the Finder award for Best (Risk-based) Personal Loan 2020 and 2021 as well as the RateCity Gold Award for Excellent Credit Personal Loan 2020, 2021 and 2022
  • Our Savings and Term Deposit products were awarded Canstar's 5 star rating for Most Outstanding Value Savings Account 2016, 2018 & 2019
  • Our Low Rate Visa Card was awarded Mozo’s Experts’ Choice Award in 2018
  • Our Green Loan was 2019 Mozo Experts Choice Award Winner
  • Our Military Rewards Account won the 'Exceptional Everyday Account' category in the 2024 Mozo Experts Choice Awards
  • Our Term Deposit has been awarded Highly Commended in the 2024 Finder Banking Awards
  • Named Defence Services Home Loan Lender of the Year by WeMoney in 2022, 2023 and 2024
  • Named one of World's Best Banks for 2024 by Forbes

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