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Co-operative Permanent Building Society : ウィキペディア英語版 | Co-operative Permanent Building Society
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 (ISBN 9780950838205)〕
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