Hume Bank

They were founded by a group of Albury residents and part of the Albury-Wodonga region for over 60 years. Residents were most dissatisfied with the availability of funds for housing and wanted to be of help to local people to purchase their own homes.

they provided a local alternative for housing finance, something that was becoming more and more challenging for potential homeowners to find because of governing restrictions. They were registered on the 4th of April 1955 as the Hume Co-operative Building & Investment Society Ltd. Mr Jim Russell was the Society’s first secretary with only 3 staff members in the accounting firm offices at Dean St Albury, and by the end of 1955, they had 58 clients, with advances of 43 164 pounds and payments of 37 990 pounds.

Hume’s company history

In 1969 Hume’s name was shortened to Hume Permanent Building Society then in 1988 it became Hume Building Society. They moved their establishment to Olive St where it still does business today, and this was after 16 years of operating out of the Dean St Office. They are proud that after over 60 years of operation, they have an extensive branch and ATM network, they also have over 150 staff members in their employ plus they meet the needs of over 60 000 clients.

Debt consolidation loans

Take control of your finances by rolling all your accounts into one debt consolidation loan, it will increase your cash flow, plus you simply end up paying less interest on the whole.

Needless to say that they do not answer to shareholders and that’s because they don’t have any! They are owned by their clients, the same individuals who enable their communities to be what they are.

It’s this very significant aspect that ties us closer to the districts they serve but this is not the only difference they’ll let you know. Hume’s local knowledge and expertise are second-to-none. It’s a true story that they are not like other banks and they plan to stay that way.

Why consolidate your debts?

• Should you currently have several unsecured debts that are placed in small loans such as credit cards and/or store cards you could possibly make your debt easier and more manageable, on the whole, you could save on interest by consolidating all your debts into one loan account.
• The most important benefit to debt consolidation is that, if you do it right from the beginning and in ideal circumstances your debt becomes easier to manage and you could possibly prevent yourself from being in a position where you would need to file for bankruptcy as this will more than likely affect your credit and ability to access credit as well as other products and services in the future.
• By consolidating your debt into one personal loan you are able to save on some of your income since the total amount of your repayments will be lower and you will have a longer loan term meaning that you are able to use the extra amount saved on income for your daily living expenses and you will be in a position to budget.