Hume Bank is an Australian bank. Headquartered in

Albury, New South Wales Albury () is a major regional city in New South Wales, Australia. It is located on the Hume Highway and the northern side of the Murray River. Albury is the seat of local government for the council area which also bears the city's name – the ...

, it is a customer-owned bank that started as a

building society A building society is a financial institution owned by its members as a mutual organization. Building societies offer banking and related financial services, especially savings and mortgage lending. Building societies exist in the United Kingd ...

in 1955. Its business focus is on retail banking and assisting local economic development.

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. Hume Bank's

Chief Executive Officer A chief executive officer (CEO), also known as a central executive officer (CEO), chief administrator officer (CAO) or just chief executive (CE), is one of a number of corporate executives charged with the management of an organization especial ...

is Stephen Capello (June 2018), its chair Michael Gobel (December 2020).

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.

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. 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 61st year.

References

{{Banking Industry in Australia Banks of Australia Companies based in New South Wales