Hume Bank

Hume Bank
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
Website humebank.com.au

About Hume

Hume Bank, previously Hume Building Society, is a customer owned bank which operates primarily in retail banking. After over 60 years of operation, Hume has an extensive branch and ATM network, employs over 140 staff, and in 2017 Hume’s customer base grew to 61,504 and assets reached $1.10bn.

Hume Bank uses over 200 local suppliers and businesses to support important economic activity in the region every year, and also offers an exclusive workplace package to employees of local businesses.[1]

Key People

Stephen Capello (Chief Executive Officer, June 2018), Tony Whiting (Chairman, November 2016)

Company History

Hume started as the Hume Co-operative Building & Investment Society Ltd. and was registered on 4th 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 the 1st 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 offers. Hume continues to be customer owned and customer focused.[1]

Key Milestones

1955 – Hume Bank was founded by a local dentist, farmer, priest, businessmen and 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.

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.

2005 - Hume celebrates 50 years in operation with 12 branches, and 101 employees.

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 July 1, 2014.

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

2014 - Hume changes its name to Hume Bank on July 1, 2014.

2015 – Hume celebrates 60 years as a Financial Institution

2016 - Hume reaches milestone of $1 billion in assets and 60,000 customers in their 61st year.

Community Activity

Hume continues to support community groups, charities and local events through significant sponsorship, donations and in-kind support. We seek to support grass-roots developments and initiatives, including the launch of its very own annual Life Tech Challenge in 2017 which aims to drive innovation in the region.

Hume Bank is a proud supporter of a series of community health initiatives, and is a major sponsor of the Hume Bank City2City Run Walk raising much needed funds for the Albury Wodonga Health Service each year, and the Albury Wodonga Big Splash, an annual community event which brings the people of Albury Wodonga together to show support and raise awareness of mental health issues.

References

  1. 1 2 "Hume Bank - Company History". www.humebank.com.au. Hume Bank. Retrieved 20 March 2015.

https://www.humebank.com.au/

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