Reliance Bank, formerly known as Unity Bank, is a Member-owned financial institution that has been serving Members and their families across Australia since 1970. Originally established by maritime industry workers, the organization has since expanded to include Members from the mining and power sectors, as well as local communities. Committed to delivering value to its Members, Reliance Bank operates as a mutual financial institution, distinguishing itself from traditional shareholder-driven banks by reinvesting surpluses into better interest rates, products, and services for its Members.
As a Member-owned organization, Reliance Bank prioritizes the lifelong financial prosperity, security, and dignity of its Members. Governed by a Board of Directors elected by Members, the bank is supervised by the Australian Prudential Regulation Authority (APRA) to ensure operational standards and the security of Member funds. Embodying the principles of cooperation, mutuality, and unity of purpose, Reliance Bank stands by its commitment to serving Members, workers, families, and communities with integrity and dedication.
With a focus on traditional service excellence and a dedication to giving back to the communities it serves, Reliance Bank prides itself on being a modern ethical business and home loan specialist. Offering competitive and transparent financial products across Australia, the bank’s staff build personal relationships with Members, many of whom have been part of the institution for generations. Through its mutual structure and unwavering commitment to quality service, Reliance Bank continues to uphold the vision of its Founders and remains a trusted financial partner for its diverse Member base.