industry banking predecessor super member home loans smhl founded 1994 ; 22 years ago 1994 headquarters melbourne australia area served australia wide key people jamie mcphee ceo ken hodgson chairman greg combet board member number of employees 900 parent 29 industry super funds website www.mebank.com.au me bank also known as me is an australian direct bank based in melbourne victoria . me bank also has offices in sydney brisbane adelaide perth hobart canberra and darwin . founded in 1994 as super member home loans smhl by australia s industry super funds smhl became members equity bank in 1999 and received a banking licence from the australian prudential regulatory authority apra in july 2001 . initially founded to offer access home loan products me bank today offers a range of low cost banking products including home loans savings account credit cards term deposits and transaction accounts . me bank is owned by 29 industry super funds including australiansuper cbus hesta and hostplus . 1 contents 1 history 2 retail banking services 3 products 4 references history edit industry funds services ifs was founded in 1994 and in turn smhl was launched by the actu with national mutual later to become axa . the primary focus of smhl was on providing home loans to australians belonging to industry superannuation funds . in 1998 smhl secured 1 billion in funds under management for the first time . in 1999 ifs a group of industry super funds enter into an agreement with axa to establish a 50 50 joint venture company . in 2000 the group of industry super funds and axa launch the joint venture entity members equity to offer other banking products on as well as home loans . in 2001 members equity bank limited obtains an australian banking licence in july and is approved to act as an authorised deposit taking institution by the apra . in 2002 the joint venture industry super funds become 100 % owners of members equity . in 2003 members equity bank limited obtains a financial services licence and begins offering financial services including bank deposit accounts . during the same year the bank also achieves 10 billion in funds under management . members equity bank limited re branded to me bank in 2009 and later to me in 2015 . retail banking services edit me bank offers customers a range of banking products and services including transaction and savings accounts home and personal loans term deposits and credit cards . operating as a direct bank me bank has no branch network . services and support are provided over the phone through online banking or by a mobile salesforce of banking managers . products edit savings and term deposit accounts transaction accounts variable and fixed rate mortgage loans personal loans credit cards references edit http www.mebank.com.au about us our company corporate governance shareholders v t e banking in australia bank regulation australian prudential regulation authority australian competition and consumer commission 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article is a stub . you can help wikipedia by expanding it . v t e retrieved from https en.wikipedia.org w index.php title me bank & oldid 740462472 categories banks of australia1994 establishments in australiabanks established in 1994superannuation in australiaaustralian company stubsfinancial services company stubshidden categories use dmy dates from may 2014use australian english from may 2014all wikipedia articles written in australian englishall stub articles navigation menu personal tools not logged intalkcontributionscreate accountlog in namespaces article talk variants views read edit view history more search navigation main pagecontentsfeatured contentcurrent eventsrandom articledonate to wikipediawikipedia store interaction helpabout wikipediacommunity portalrecent changescontact page tools what links hererelated changesupload filespecial pagespermanent linkpage informationwikidata itemcite this page print export create a bookdownload as pdfprintable version languages add 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