Hume Bank

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Hume Bank is an Australian bank. Headquartered in Albury, New South Wales, it is a customer-owned bank that started as a building society in 1955. Its business focus is on retail banking and assisting local economic development.

Hume Bank

Type	Consumers' co-operative
Industry	Banking
Founded	1955
Headquarters	Albury, New South Wales , Australia
Key people	Stephen Capello, (Chief executive) Tony Whiting, (Chairperson, non-executive Director)
Products	Consumer Banking Wholesale Banking Wealth Management Insurance Travel
Number of employees	over 140

About Hume[]

Hume Bank, previously Hume Building Society, is a customer-owned bank which operates primarily in retail banking. Hume has an extensive branch and ATM network, and employs over 140 staff. In 2017 Hume’s customer base reached 61,504 and its assets stood at A$1.10bn.

Hume Bank uses local suppliers and businesses to support important economic activity in the region, and offers exclusive workplace packages to employees of local businesses.^[1]

Hume Bank's Chief Executive Officer is Stephen Capello (June 2018), its chairman Tony Whiting (November 2016).

Company history[]

Hume started as the Hume Co-operative Building & Investment Society Ltd. and was registered on 4 April 1955. Hume was founded by a group of Albury residents who were dissatisfied with the availability of funds for housing and wanted to help local people purchase their own homes. Hume provided a local alternative for housing finance, something that was becoming increasingly difficult for prospective home owners to find because of regulatory rationing.

Hume officially changed its name to Hume Bank on 1 July 2014 after seeking approval from its customers and the governing body APRA in 2013. The name change reflects the banking products and services Hume now offers. Hume continues to be customer-owned.^[1]

Key dates[]

1955 – Hume Co-operative Building & Investment Society Ltd. was founded by a group of locals – a dentist, a farmer, a priest, businessmen and a solicitor – who wanted to help people in the community purchase their own homes at a time when funds were scarce.

1967 – Hume become the largest regional building society in New South Wales.^{[citation needed]}

1989 – Hume changes its name to 'Hume Building Society'.

1989 – Hume introduces Australia's first ATMs in a workplace at Uncle Ben's and the Australian Newsprint Mill.

2006 – Hume launches its first online only account, iSave.

2010 – Hume and Baker Motors lease the first fully electric vehicle on the Border of Victoria and NSW.

2012 – Hume reaches 55,000 customers.

2013 – Customers vote for Hume to become a bank from 1 July 2014.

2014 – Hume gains APRA approval to become a bank on the 4 April 2014.

2014 – Hume changes its name to Hume Bank on 1 July 2014.

2016 – Hume reaches milestone of $1 billion in assets and 60,000 customers in their 61^st year.^{[citation needed]}

References[]