In 2025, the United Nations declared a second International Year of Cooperatives to recognise the global impact of three million member-owned businesses.
The Mutual Bank’s business model, as a customer-owned bank that was established in 1888 to serve the Maitland and Hunter Valley communities, means that we form part of the 750 co-ops and mutuals serving NSW.
On Wednesday 19 March, our Chair of the Board Steve Meyn and CEO Mark Williams attended a function at NSW Parliament House to launch the International Year of Cooperatives and celebrate the contribution of co-operatives and mutuals to the NSW community and economy.
“The merits of the customer-owned banking business model remain as relevant today as they ever were,” said Mark.
“The Mutual Bank's legacy is built on the values of integrity, respect and care and the focus of our organisation is to continue to champion financial wellbeing for our Members and our regional communities.”
Mark said despite a range of challenges in its 137-year history, The Mutual Bank has consistently offered strength, security and stability to its Members and the local community. By continuously investing in local initiatives and pricing essential support to various community groups, we not only strengthen our financial services but also foster a sense of unity and resilience in region.
Amid corporate volatility, The Mutual Bank showcases stability, innovation and success, proving business can be both profitable and principled.
We have also taken part in the Business Council of Cooperatives and Mutuals Icons Campaign, sharing our story. You can read it here: https://iyc2025.bccm.coop/the-mutual-bank-helping-the-community-thrive-since-1888/
We thank all our loyal Members for their ongoing support and loyalty and as we have done over our history, The Mutual Bank will continue to evolve to meet the needs of our Members and communities.
