building society


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building society

a financial institution whose purpose or principal purpose is that of raising, primarily through the subscription of its members, a stock or fund for the making of loans secured on land for residential use. It was a 1986 Act which allowed building societies to act more like retail banks (see BANKING) - for example, by making unsecured loans and providing money transference facilities.
References in periodicals archive ?
The building society group, which also includes Chelsea Building Society, Norwich & Peterborough Building Society and Accord Mortgages, started expanding its IT options when it started expanding its commercial lending business.
His role will be split between managing the savings side of Swansea Building Society, ensuring the products offered continue to meet the needs of the society and its members, and promoting the society throughout east Wales.
Seven Chelsea Building Society branches will shut their doors, with the rest rebranded by September, while nine Yorkshire branches will also shut, reducing the overall estate to 208 from 230 by the end of the year.
Darlington Building Society CEO Colin Fyfe said: "We are relaunching our brand, we've asked customers what they want to see and we are making a commitment to them that we are absolutely determined to remain an independent regional building society.
He said: "In 2012, after spending many years working with Darlington Building Society as their external audit manager, I jumped at the opportunity to join a strong and ethical business at such an interesting time in its history.
The Skipton Building Society is a building society in the United Kingdom (also known as a mutual lending and savings organisation).
Chase de Vere is the only firm of investment independent financial advisers selected to work with the Family Building Society and will predominantly be providing advice on inheritance tax planning, longterm care planning and funding for education costs.
Nearly 84,000 customers invested a total of around GBP800m, with around 75% of that total accounted for by the building society.
Improving our customer experience by adding value when they bank with us is at the heart of Cumberland Building Society s strategy, said Gary Richardson, General Manager for IT at Cumberland Building Society.
Karen Argyle, BBCCF, Mary Mannion, WRSG attendee, Emma Brodie, Coventry Building Society and Kathleen Sankey, treasurer WRSG
Paula John, editor of Your Mortgage, said: "Once again Coventry Building Society has proved itself a worthy winner of the title of Best Building Society in the Your Mortgage Awards 2012/2013.
25%), are available at branches of Yorkshire Building Society and Barnsley Building Society.