Heritage makes hearty contribution to national campaign

Heritage Building Society today joined in a cheeky campaign by mutual financial institutions across Australia reminding their local communities that while the major banks are busy “breaking up with each other”, the mutual sector remains focused on delivering great value to its members.

Heritage CEO John Minz today manned a stall outside the Society’s head office in Toowoomba handing out heart-shaped chocolates and ice creams to demonstrate that mutual financial institutions like Heritage have the best interests of their members at heart.

“There is choice in banking and Australians are becoming more aware of the alternatives to the major banks,” said Mr Minz.

“That’s why we’re wearing our hearts on our sleeves here today to show the community just what mutual financial institutions like Heritage Building Society can offer them.

“The major banks are running advertising campaigns trying to distance themselves from each other but we have been here all along focusing on the needs of our members.

“Heritage is proud to be born and bred in the Toowoomba region, and has been part of this community for 136 years.

“In that time, we have helped many thousands of people buy their own homes and secure their financial future. We live and work in this community – we put our customers first and pride ourselves on our exceptional customer service and value.

“We’re telling people that while the banks are busy breaking up with each other, consumers should make the feeling mutual and switch their banking to somewhere like Heritage, which focuses on them and puts People first.”

Heritage Building Society is a mutual financial institution which means that unlike banks, it isn’t run to make profits to pay shareholders. Instead, as customer-owned institutions, mutuals put their profits back into better products, lower rates and fees, and great customer service.

Other building societies and credit unions undertook similar events today as part of a national campaign to raise awareness of the benefits of the mutual sector. The campaign was coordinated by Abacus, the industry organisation that represents mutuals.

“For more information on how you can get great value banking, drop into one of our branches today or check out our website at heritage.com.au” said Mr Minz.

* Home loan comparison rate based on a $150,000 loan over 25 years.  Fixed loan comparison rate applies only for loans with an LVR of 80% or less and a loan amount of $150,000 to $249,999.  WARNING: This comparison rate is true only for the examples given and may not include all fees and charges. Different terms, fees or other loan amounts might result in a different comparison rate.

Interest rates are on a per annum basis. Rates are correct as stated and subject to change without notice. Rates shown are for new loans and do not apply to switches or internal refinances.

Home Advantage Variable rates include discounts shown from the Standard Variable rate. Home Advantage Living Equity rates include discounts from the Living Equity rate. Discounts are based on total lending in the package. Discount Variable LVR rates are for new lending and include discounts from the Discount Variable Loan Rate.  Discounts are not available in conjunction with any other interest rate discount or special offer. All fixed rates are fixed for the period stated and revert to the variable rate applying at expiration of the fixed term. To approved applicants only. Conditions, criteria and fees apply.

Loan to Value Ratio (LVR) is the loan amount divided by the value of your security property (determined by Heritage Bank at assessment), multiplied by 100. Owner Occupied loans have a maximum LVR of 95%, Investment loans have a maximum LVR of 80% and Living Equity has a maximum LVR of 80%. Heritage is not accepting any new investment applications until further notice.

This advice has been prepared without taking into account your objectives, financial situation or needs. Because of this you should, before acting on this information, consider its appropriateness having regard to your objectives, financial situation or needs.

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