In 1972 a small group of educators started their own financial institution as an alternative to the big banks, and they named it the Victoria Teachers Mutual Bank.
More than four decades on it has more than 110,000 customers, $2.32 billion in assets and has been renamed Bank First.
Bank First is owned by its customers, and profits are reinvested into the bank.
Although it still focuses on education, anyone in Australia can bank with Bank First.