IMB was formed in 1880 as a mutual building society to provide housing finance and deposit account facilities for the growing population of the Illawarra region of NSW and has traded continuously since that time. IMB currently has 38 branches in the Illawarra, Sydney, NSW South Coast, NSW Southern Highlands, ACT and Melbourne and representation in all other mainland Australia states.
IMB offers full-service face-to-face and electronic banking facilities including home and personal lending, savings and transaction accounts, term deposits, business banking, financial planning and a wide range of insurance products.
IMB has been regulated by the Australian Securities and Investments Commission and the Australian Prudential Regulation Authority since July 1, 1999. These government bodies regulate all banks, building societies and credit unions in Australia, and similar prudential standards exist for each of these financial institutions. IMB is a member of ABACUS, an independent organisation representing mutual building societies and credit unions.
In recognition that the dominant purpose of IMB’s activities is to provide benefits to its members rather than to generate a profit, IMB established the IMB Community Foundation in 1999. Since the Foundation’s establishment, IMB has provided grants totalling $3,500,000 for application in projects for the benefit of the general community.
In June 2004, IMB was assigned an investment grade rating of BBB- long term and A-3 short term by ratings agency Standard and Poor’s. IMB was the first Australian building Society or credit union to have been assigned an investment grade rating. IMB’s credit rating has since been increased by Standard & Poor’s to BBB long term and A-2 short term.
IMB was named Building Society of the Year in 2005 and again in 2006 in the Money Magazine Consumer Finance Awards.
Your Stallion mortgage broker has the experience and skills to help you understand the advantages of each product or service in the range and to assist you in making an informed decision on what best suits your financial requirements.
To find out if IMB Bank is the right lender for your particular situation contact us now on 1300 889554 or
