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Our History

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Bank of Heritage Isle has it's origins being founded by a group of Comalco employees in 1965.

On 1st May 2018, Heritage Isle Credit Union merged with Police Bank Ltd. Today operating as Bank of Heritage Isle, a division of Police Bank Ltd.

Bank of Heritage Isle is a Mutual Bank, open to all but primarily servicing the needs of residents of northern Tasmania with three branches in locations throughout the Tamar Valley.

Mutual Banks are financial co-operatives owned and democratically operated by the people who save and borrow with them. Essentially this means that all our profits come back to the Bank and its Members rather than going to shareholders allowing us to provide more competitive fees and rates.

As a Bank of Heritage Isle member, you are also a part owner and have the right to vote at the Police Bank Ltd. Annual General Meeting.

Whilst we are proud of our heritage, we are excited about our ongoing focus of the needs for Tasmanians.

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