As a member of FIRSTSUPER, you have access to banking products, home loans and business loans provided through Members Equity Bank (MEB), the Super Funds Bank.
MEB evolved from Super Members Home Loans, which was established in 1994. In 2001 MEB obtained a banking license from the Australian Prudential Regulation Authority.
MEB is owned by a number of industry superannuation funds. Profits earned provide a return on investment for these funds and their members. The MEB home loan programme raises funds by issuing bonds and mortgage backed securities that are rated AAA or equivalent by Standard and Poor's and Moody's Investors Service.
Since 1999, ME has provided members with over $12 billion in the form of low cost home loans.
