MEDIA RELEASE
Transport Mutual Credit Union Announces 0.25% Reduction in Variable Mortgage Rates
18th February 2025 – Sydney, Australia – Transport Mutual Credit Union (TMCU) is pleased to announce a 0.25% reduction in all variable mortgage rates, effective from 21st February 2025. This change reflects TMCU’s ongoing commitment to supporting its members with competitive and sustainable banking solutions.
In response to evolving economic conditions and the needs of our members, this rate reduction will provide relief to mortgage holders, helping them manage their home loan repayments more effectively.
TMCU CEO John Kavalieros said, “At Transport Mutual, we are always looking for ways to give back to our members. By lowering our variable mortgage rates, we are ensuring that our home loan products remain competitive while helping our members with cost-of-living pressures.”
The new rates will automatically apply to existing and new variable-rate home loans from the effective date. Members are encouraged to review their loan details and contact TMCU’s team for personalised financial support and guidance. Members will automatically have reduced minimum monthly repayments, however can choose to continue with their current agreed monthly repayments should they wish.
For more information, please visit www.tmcu.com.au or contact our Member Services team via members@transportmutual.com.au