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Nationwide Building Society
Nationwide Building Society is a British mutual financial institution and the largest building society in the world. As of 2024, it serves over 16 million members and operates entirely for their benefit, without shareholders. The society was established through the consolidation of over 250 smaller UK building societies throughout the 20th century, making it one of the most significant mutual mergers in British financial history. Headquartered in Swindon, England, Nationwide offers a wide range of retail banking services including mortgage loan, mortgages, savings accounts, current accounts, credit cards, personal loans, and insurance products. Nationwide is one of the largest cooperative banking, cooperative financial institutions globally. As of June 2025, it reported total assets of £367.9 billion and employed 17,680 people. It operates 605 branches across the United Kingdom which is more than any other UK banking brand and it reaffirmed in 2024 its "Branch Promise" to main ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Building Society
A building society is a financial institution owned by its members as a mutual organization, which offers banking institution, banking and related financial services, especially savings and mortgage loan, mortgage lending. They exist in the United Kingdom, Australia and New Zealand, and formerly in Ireland and several Commonwealth countries, including South Africa as mutual banks. They are similar to credit unions, but rather than promoting thrift and offering unsecured and business loans, the purpose of a building society is to provide home mortgages to members. Borrowers and depositors are society members, setting policy and appointing directors on a one-member, one-vote basis. Building societies often provide other retail banking services, such as current accounts, credit cards and personal loans. The term "building society" first arose in the 19th century in Kingdom of Great Britain, Great Britain from cooperative banking, cooperative savings groups. In the United Kingdom, bu ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Co-operative Permanent Building Society
The Co-operative Permanent Building Society was a mutual organization, mutual building society, providing mortgage law, mortgages and savings accounts to its members. Its head office was located at New Oxford House in London. (No. 141B) Financial Services Authority (retrieved 17 November 2009) In 1970, it was renamed the Nationwide Building Society. History Origins 1884 - 1900 The Southern Co-operative Permanent Building Society was formed in 1884 by a group of Co-operators including Thomas Webb (co-operator), Thomas Webb and Charles Cooper, initially to provide a service to members of the co-operative movement, enabling them to own their own properties. The early rules of the Society show that each member of the Society had one vote on resolutions at the ...[...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Co-operatives UK
Co-operatives UK is a British co-operative federation described as "the central membership organisation for co-operative enterprise throughout the UK". It was founded in 1870 as the Co-operative Central Board, changing its name to the Co-operative Union before finally becoming Co-operatives UK following its merger with the Industrial Common Ownership Movement (ICOM) in 2001. Historically associated with consumer co-operatives, the merger broadened its scope to include worker co-operatives and it now exists to support and promote the values of the entire co-operative movement throughout the UK. During its history it has been responsible for the organisation of the Co-operative Congresses, the establishment of both Co-operative Commissions and the creation of the Co-operative College and the Co-operative Party.See references in relevant sections of article. The head office, Holyoake House in Manchester, is a Grade II listed building, and was built in 1911 in memory of the ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Building Societies Association
The Building Societies Association (BSA) is the trade body that represents all building societies and several large credit unions in the United Kingdom. It was established in 1869 under the original name Building Societies Protection Association, with the aim of coordinating a collective response to proposed government changes that threatened stamp duty exemptions for mutual lenders. As of 2024, the BSA represents 49 member institutions, comprising 42 building societies and 7 credit unions, which together serve approximately customers across the UK. The association advocates on behalf of its members in relation to financial services regulation, legislation, and policy developments in both the UK and Europe. It also provides research, public affairs support, and guidance for the mutual sector, with a focus on ensuring a sustainable and competitive environment for member institutions. Statistics As of September 2024, UK building societies and their subsidiaries collectively held ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Cooperative Banking
Cooperative banking is retail and commercial banking organized on a cooperative basis. Cooperative banking institutions take deposits and lend money in most parts of the world. Cooperative banking, as discussed here, includes retail banking carried out by credit unions, mutual savings banks, Building society, building societies and cooperatives, as well as commercial banking services provided by mutual organizations (such as cooperative federations) to cooperative businesses. Institutions Cooperative banks Cooperative banks are owned by their customers and follow the Rochdale Principles, cooperative principle of one person, one vote. Co-operative banks are often regulated under both banking and cooperative legislation. They provide services such as savings and loans to non-members as well as to members, and some participate in the wholesale markets for bonds, money and even equities. Many cooperative banks are traded on public stock markets, with the result that they are p ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Personal Loan
In finance, unsecured debt refers to any type of debt or general obligation that is not protected by a guarantor, or collateralized by a lien on specific assets of the borrower in the case of a bankruptcy or liquidation or failure to meet the terms for repayment. Unsecured debts are sometimes called signature debt or personal loans. These differ from secured debt such as a mortgage, which is backed by a piece of real estate. In the event of the bankruptcy of the borrower, the unsecured creditors have a general claim on the assets of the borrower after the specific pledged assets have been assigned to the secured creditors. The unsecured creditors usually realize a smaller proportion of their claims than the secured creditors. In some legal systems, unsecured creditors who are ''also'' indebted to the insolvent debtor are able (and, in some jurisdictions, required) to set off the debts, so actually putting the unsecured creditor with a matured liability to the debtor in a pre-p ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Savings Account
A savings account is a bank account at a retail banking, retail bank. Common features include a limited number of withdrawals, a lack of cheque and linked debit card facilities, limited transfer options and the inability to be overdrawn. Traditionally, transactions on savings accounts were widely recorded in a passbook, and were sometimes called passbook savings accounts, and bank statements were not provided; however, currently such transactions are commonly recorded electronically and accessible online. People deposit funds in savings account for a variety of reasons, including a safe place to hold their cash. Savings accounts normally pay interest as well: almost all of them accrue compound interest over time. Several countries require savings accounts to be protected by deposit insurance and some countries provide a government guarantee for at least a portion of the account balance. There are many types of savings accounts, often serving particular purposes. These may includ ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Mortgage Loan
A mortgage loan or simply mortgage (), in civil law (legal system), civil law jurisdictions known also as a hypothec loan, is a loan used either by purchasers of real property to raise funds to buy real estate, or by existing property owners to raise funds for any purpose while putting a lien on the property being mortgaged. The loan is "collateral (finance), secured" on the borrower's property through a process known as mortgage origination. This means that a Mortgage law, legal mechanism is put into place which allows the lender to take possession and sell the secured property ("foreclosure" or "repossession") to pay off the loan in the event the borrower defaults on the loan or otherwise fails to abide by its terms. The word ''mortgage'' is derived from a Law French term used in Legal professions in England and Wales, Britain in the Middle Ages meaning "death pledge" and refers to the pledge ending (dying) when either the obligation is fulfilled or the property is taken throu ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Retail Banking
Retail banking, also known as consumer banking or personal banking, is the provision of services by a bank to the general public, rather than to companies, corporations or other banks, which are often described as wholesale banking (corporate banking). Banking services which are regarded as retail include provision of savings and transactional accounts, mortgages, personal loans, debit cards, and credit cards. Retail banking is also distinguished from investment banking or commercial banking. It may also refer to a division or department of a bank which deals with individual customers. In the U.S., the term ''commercial bank'' is used for a ''normal'' bank to distinguish it from an investment bank. After the Great Depression, the Glass–Steagall Act restricted normal banks to banking activities, and investment banks to capital market activities. That distinction was repealed in the 1990s. Commercial bank can also refer to a bank or a division of a bank that deals mostly ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
