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		Members Equity Bank
				Members Equity Bank (ME Bank) was created in 1999, although its origins date back to September 1994 when, as an initiative of the Australian Council of Trade Unions (ACTU), National Mutual launched Super Member Home Loans. From day one, ME Bank's goal was to give industry super fund members better value banking and better service with a no-nonsense approach to borrowing and with products that were simple, straightforward and offered value-for-money to working Australians.
		All with low or no fees, low interest rates and higher returns built in for industry super fund members. Now ME Bank has branches opening right across Australia. And as more industry super fund members take advantage of the benefits of banking with us, the branch network continues to grow. From the beginning, ME Bank has been a very different kind of bank. Because it treat you like members, not just customers. That doesn't just mean providing better value banking, but also ethical banking, including a responsible lending policy that strives to make sure you never take on an unmanageable level of debt. It also means providing genuine service. When you call ME Bank, you speak to a real person, not a machine, and they are always right here in Australia. It's hardly surprising then, that compared to other banks, people who bank with ME Bank are consistently more likely to be satisfied, and more likely to promote their bank to other people.
		Members Equity Bank Head Office Level 17 360 Collins St Melbourne, VIC 3000 Australia Tel:  + 61 3 9605 6717 (from overseas) Fax: + 61 3 9605 6999 Toll Free: 13 15 63 Website: www.membersequitybank.com.au Banking Hours‎: Mon - Fri : 9.30am - 4.00pm‎
	The banks are regulated by the Australian Prudential Regulatory Authority (APRA) in Australia. APRA is responsible for regulating much of the financial industry, including insurance and superannuation companies. Institution seeking to be prudentially regulated as an authorised deposit-taking institution (ADI) is required to be authorised under the Banking Act 1959 (the Banking Act). The Australian Prudential Regulation Authority (APRA) is responsible for the authorisation process. Section 5 of the Banking Act defines ‘banking business’ as consisting of both taking deposits (other than as part-payment for identified goods or services) and making advances of money, as well as other financial activities prescribed by regulations made under the Banking Act. The Banking Act only allows corporations to carry on banking business in Australia, which means APRA cannot consider applications from partnerships or unincorporated entities. ADIs are subject to rigorous and close supervision by APRA, which requires the ADI to comply with a range of requirements contained in Prudential Standards and provide comprehensive data to APRA under Reporting Standards.
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