Who is Bank OF HERITAGE ISLE?

Bank of Heritage Isle is a mutual bank servicing the wider Tasmanian community, offering products & services for every stage of life, from Savings & Transaction Accounts to Home Loans & Insurance.

Bank of Heritage Isle was founded by a group of Comalco employees in 1965. On 1st May 2018, Heritage Isle Credit Union merged with Police Bank Ltd and now operate as Bank of Heritage Isle, a division of Police Bank Ltd.

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.

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

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