The Co-operative Permanent Building Society was a mutual building society, providing mortgages and savings accounts to its members. Its head office was located at New Oxford House in London.Mutuals Public Register (No. 141B) Financial Services Authority (retrieved 17 November 2009) In 1970, it was renamed the Nationwide Building Society.
History
The Southern Co-operative Permanent Building Society was formed in 1884, initially to provide a service to the members of the co-operative movement, enabling them to own their own properties. To begin with the Society built the houses but soon changed its direction to lend money to members for them to build their own or purchase existing properties. Competition soon began between societies and members from outside the movement joined.Mansbridge, Albert Brick upon Brick: 50 years of the Co-operative Permanent Building Society London: JM Dent & Sons, 1934
Through rapid expansion and strategic planning the Society soon grew to become a major competitor and by 1943 it was fifth largest in the United Kingdom with assets of £32,724,112.Cassell, Michael Inside Nationwide: 100 Years of Co-operation London: Nationwide Building Society, 1984 ()
In 1970, it was renamed the Nationwide Building Society.
Transfers of engagements Date Society Assets Ref. 1918 Bournemouth, Hants & Dorset Building Society — Extract from Building Societies Yearbook 2009/10 (p.130) Building Societies Association (retrieved 17 November 2009) June 1942 Whitehall Building Society £141,671 Cassell, Michael Inside Nationwide: 100 Years of Co-operation London: Nationwide Building Society, 1984 () September 1942 Southampton & South Hants Building Society £130,566 October 1942 The Institute Permanent Benefit Building Society £242,225 December 1942 Finsbury Building Society £430,029 December 1942 Nineteenth Building Society £313,612 February 1943 Wandsworth Building Society £334,603 February 1943 Kensington Permanent Benefit Building Society £84,538 February 1943 Great Torrington Building Society £217,275 June 1943 Bournemouth Working Men's Building Society £66,236 November 1943 Lombardian Permanent Benefit Building Society £75,171 April 1944 Western Equitable Permanent Mutual Benefit Building Society £20,540 May 1944 Thames Estuary Building Society £303,311 February 1945 Picadilly Permanent Building Society £30,485 July 1946 Rock (Llanelly) Permanent Building Society £33,795 April 1947 Middlesex Building Society £14,515 October 1951 Empire Benefit Building Society £93,999 February 1956 Exeter Benefit Building Society £3,624,142 September 1956 Merthyr & Dowlais Permanent Benefit Building Society £14,684 June 1958 Scottish Amicable Building Society £22,578,901 September 1963 British Co-operative Building Society £21,046 June 1966 Coleraine Building Society £301,539
Arms
See also
British co-operative movement History of the cooperative movement Arthur Webb (co-operator) Albert Mansbridge, Brick upon Brick Co-operative Permanent Building Society 1884-1934, 1934, London
References