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Who Owns Who – Building Societies

Who Owns Who – Building Societies

Category: Money
Date: 3/1/2010

Until very recently, the list of who owns which building society, and who's licence they trade under for compensation scheme purposes was very simple. They were all independent and had their own licences.

However, the financial turmoil of the recent months has changed that, but only to quite a small extent. There have been a number of mergers of building societies so the picture is not quite so clear. We've set out below what the position is as at 30 March 2009.

Some smaller building societies have merged with larger ones, but in the main have retained the previous names as trading names. The main benefit to savers with these societies is that they benefit from a multiple protection under the Financial Services Compensation Scheme, but only until 30 December 2010. The Scheme is being reviewed and there are various options being looked at, including having protection per brand rather than per institution which would significantly improve protection for consumers.

The vast majority of societies retain their independence, primarily because they take less risks with their businesses than banks. Building societies are 'mutual' organisations run for the benefit of their members, and not for shareholders.


Name

Owned by

Who's Deposit taking (Banking) Licence ?

Linked for Compensation Scheme purposes.

Barnsley Building Society

Yorkshire Building Society

Barnsley Building Society currently has its own FSA licence but trades under Yorkshire Building Society's licence under the trading name of Barnsley Building Society.

Yorkshire Building Society.
See Compensation Scheme arrangements.

Bath Building Society

Bath Building Society

Bath Investment & Building Society

None

Beverley Building Society

Beverley Building Society

Beverley Building Society

None

Buckinghamshire Building Society

Buckinghamshire Building Society

Buckinghamshire Building Society

None

Cambridge Building Society

Cambridge Building Society

Cambridge Building Society

None

Chelsea Building Society

Chelsea Building Society

Chelsea Building Society

None

Chesham Building Society

Chesham Building Society

Chesham Building Society

None

Cheshire Building Society

Nationwide Building Society

Nationwide Building Society

Nationwide Building Society,

Derbyshire Building Society, Dunfermline Building Society.

See Compensation Scheme arrangements

Chorley Building Society

Chorley & District Building Society

Chorley & District Building Society

None

City of Derry Building Society

City of Derry Building Society

City of Derry Building Society

None

Coventry Building Society

Coventry Building Society

Coventry Building Society

None

Cumberland Building Society

Cumberland Building Society

Cumberland Building Society

None

Darlington Building Society

Darlington Building Society

Darlington Building Society

None

Derbyshire Building Society

Nationwide Building Society

Nationwide Building Society

Nationwide Building Society,

Cheshire Building Society, Dunfermline Building Society

See Compensation Scheme arrangements.

Dudley Building Society

Dudley Building Society

Dudley Building Society

None

Dunfermline Building Society

Nationwide Building Society

Nationwide Building Society

Nationwide Building Society,

Cheshire Building Society, Derbyshire Building Society

See Compensation Scheme arrangements.

Earl Shilton Building Society

Earl Shilton Building Society

Earl Shilton Building Society

None

Ecology Building Society

Ecology Building Society

Ecology Building Society

None

Furness Building Society

Furness Building Society

Furness Building Society

None

Hanley Economic Building Society

Hanley Economic Building Society

Hanley Economic Building Society

None

Harpenden Building Society

Harpenden Building Society

Harpenden Building Society

None

Hinckley & Rugby Building Society

Hinckley & Rugby Building Society

Hinckley & Rugby Building Society

None

Holmesdale Building Society

Holmesdale Building Society

Holmesdale Building Society

None

Ipswich Building Society

Ipswich Building Society

Ipswich Building Society

None

Kent Reliance Building Society

Kent Reliance Building Society

Kent Reliance Building Society

None

Leeds Building Society

Leeds Building Society

Leeds Building Society

None

Leek United Building Society

Leek United Building Society

Leek United Building Society

None

Loughborough Building Society

Loughborough Building Society

Loughborough Building Society

None

Manchester Building Society

Manchester Building Society

Manchester Building Society

None

Mansfield Building Society

Mansfield Building Society

The Mansfield Building Society

None

Market Harborough Building Society

Market Harborough Building Society

Market Harborough Building Society

None

Marsden Building Society

Marsden Building Society

Marsden Building Society

None

Melton Mowbray Building Society

Melton Mowbray Building Society

Melton Mowbray Building Society

None

Monmouthshire Building Society

Monmouthshire Building Society

Monmouthshire Building Society

None

National Counties Building Society

National Counties Building Society

National Counties Building Society

None

Nationwide Building Society

Nationwide Building Society

Nationwide Building Society

Cheshire Building Society

Derbyshire Building Society

See Compensation Scheme arrangements.

Newbury Building Society

Newbury Building Society

Newbury Building Society

None

Newcastle Building Society

Newcastle Building Society

Newcastle Building Society

None

Norwich & Peterborough Building Society

Norwich & Peterborough Building Society

Norwich & Peterborough Building Society

None

Nottingham Building Society

Nottingham Building Society

Nottingham Building Society

None

Principality Building Society

Principality Building Society

Principality Building Society

None

Progressive Building Society

Progressive Building Society

Progressive Building Society

None

Saffron Building Society

Saffron Building Society

Saffron Building Society

None

Scarborough Building Society

Skipton Building Society (with effect from 30/03/2009)

Scarborough Building Society

Skipton Building Society (with effect from 30/03/2009)

Skipton Building Society

See Compensation Scheme arrangements.

Scottish Building Society

Scottish Building Society

Scottish Building Society

None

Shepshed Building Society

Shepshed Building Society

Shepshed Building Society

None

Skipton Building Society

Skipton Building Society

Skipton Building Society

Scarborough Building Society.
See Compensation Scheme arrangements.

Stafford Railway Building Society

Stafford Railway Building Society

Stafford Railway Building Society

None

Stroud & Swindon Building Society

Stroud & Swindon Building Society

Stroud & Swindon Building Society

None

Teachers Building Society

Teachers Building Society

Teachers Building Society

None

Tipton & Coseley Building Society

Tipton & Coseley Building Society

Tipton & Coseley Building Society

None

Vernon Building Society

Vernon Building Society

Vernon Building Society

None

West Bromwich Building Society

West Bromwich Building Society

West Bromwich Building Society

None

Yorkshire Building Society

Yorkshire Building Society

Yorkshire Building Society

Barnsley Building Society.
See Compensation Scheme arrangements.

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