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Company type | Subsidiary |
---|---|
Industry | Banking |
Predecessor | Super Member Home Loans (SMHL) |
Founded | 1994 |
Headquarters | , Australia |
Area served | Australia |
Key people |
|
Total assets | A$27.300 billion |
Number of employees | 1800 |
Parent | Bank of Queensland |
Website | www.mebank.com.au |
ME Bank, also known as ME, is an Australian direct bank based in Melbourne. It became a subsidiary of Bank of Queensland in July 2021.
Founded in 1994 as Super Member Home Loans (SMHL) by Australia's industry superannuation funds, SMHL became Members Equity Bank in 1999, and received a banking licence from the Australian Prudential Regulatory Authority (APRA) in July 2001 and was approved by APRA to act as an authorised deposit-taking institution, authorised to accept deposits from the public.
Initially founded to offer access to home loan products, ME Bank today offers a range of low-cost banking products including home loans, savings accounts, credit cards, term deposits, and transaction accounts.