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About Us

About Us

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Unity Bank is a member owned bank that offers a wide range of financial products and services to our Members and their families Australia wide.

Our organisation originally started in 1970 as Waterside Workers’ of Australia Credit Union when a group of dedicated people from the maritime industry got together and decided to form a mutual financial institution for the benefit of all maritime workers and their families.

Since then it has expanded and now includes Members in the mining and power industries, their families and the local communities.

Today, thanks to the loyalty and support from our Members, we have grown into a strong and healthy financial institution that has remained Member owned and focused.

Reliance Bank is a division of Unity Bank (see Our History).

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Banking with a difference

We are a Member owned organisation that focuses on delivering value to our Members. We are different to the investor Big Four banks whose main interests are to generate profits so they can deliver dividends for shareholders.

Unity Bank is a Member-owned financial institution that is focused on the people we serve. There are no external shareholders to influence the course of our activities. This means that any surplus is returned to Members in the form of better interest rates, products and services.

We are supervised by the Australian Prudential Regulation Authority (APRA) to maintain operational standards which ensures security of our Member’s funds. APRA is the same body that supervises the major banks. Unity Bank is governed by its Board of Directors who are elected by our Members.

Our Vision

The lifelong financial prosperity, security and dignity of our members.  

Our Mission

Unity Bank is a member owned cooperative and financial mutual. We are 100% committed to our members - maritime, mining and power workers, and the Australian communities we serve. We will always stand by our members, delivering better all round financial value, service and care for the individual.

Proudly Mutual 

Mutuality cuts to the heart of why we do business and how we do it, each and every day. It is a way of life for everyone here. We are proudly mutual and endeavour each day to serve our members better. 

As an independent financial mutual organisation we are owned by all our members on equal footing, with the same right to vote at our AGM and an identical say in how we are run.

We do not have shareholders in the same way that ASX listed banks and other large financial institutions do and any surplus is reinvested into the business to improve the products and service we deliver to our members.

Our staff personally know our members, many of whom are from loyal families whose relationship with us has lasted for generations.

We are proud of the history and what we have become, a modern ethical business and home loan specialist that offers competitive, yet easy to understand products across Australia. 

What hasn't changed is our commitment to traditional service of the highest quality and our desire to give back to the communities we serve.




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