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Nationwide Building Society

Company nameNationwide Building Society
Company typeBuilding Society (Mutual)
Slogan"Proud to be a Building Society"
IndustryBanking and Financial Services
Foundedmerger of societies dating back to 1846
HeadquartersSwindon, Wiltshire, England
Key peopleGeoffrey Howe, Chairman
Graham Beale, Chief Executive
ProductsRetail banking, Savings
Mortgage loans, Investments, Insurance, Current accounts, Loans, Car insurance, Home insurance, Travel insurance, Credit cards
Net income£495.3 million GBP (April 2008), 6.8% from 2007
Total assets£202.3 billion GBP (April 2009), from 2008
DivisionsCheshire Building Society
Derbyshire Building Society
Dunfermline Building Society

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Nationwide Building Society is a British building society, and is the largest in the world. It has its headquarters in Swindon, England, and maintains a significant administration centre in Northampton. Until mid-2009, when it announced the withdrawal of the service, it had been the only UK financial institution to offer completely fee-free transactions (both electronic and cash withdrawals) worldwide with its VISA debit cards. Nationwide was by far the largest British building society that did not convert to a bank in the wave of demutualisations that occurred from the late 1980s to the late 1990s. As of 2008, it is larger than all the other remaining British building societies combined, measured by total assets. It is a member of the Building Societies Association and the Council of Mortgage Lenders.

Nationwide Building Society provides financial services both directly, and through around 700 branches. Nationwide is a major provider of both mortgage loans and savings in the UK, as well as personal banking such as loans, credit cards, bank accounts and insurance products. is the main website and sells most products and has around 4.5 million monthly visitors and 1.9 million active internet bankers.

The Society's origins lie in Wiltshire (1846), Northampton (1848) and within the co-operative movement in London (1883). Over a hundred mergers later - most notably the merger between the Nationwide and the Anglia Building Society in 1987 - they are now the UK's third largest mortgage lender and savings provider. More significantly, it is the largest building society in the world and committed to staying mutual. The society is keen to emphasise that it does not have shareholders, it has members.

In August 2007 the Society merged with Portman Building Society, creating a mutual body with assets of more than £160bn.

In the financial crisis of 2007 2010, the Nationwide has acted to safeguard the mutual sector, acquiring the ailing Cheshire and Derbyshire building societies in September 2008 and the Dunfermline Building Society on 30 March 2009.

No member votes were taken, and no windfall benefit were given to society members. The Derbyshire, Cheshire and Dunfermline brand names will continue as separate trading arms of the Nationwide group.

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Campaign to save Buntingford building society fails - Hertfordshire Mercury Tweet this news
Hertfordshire Mercury--“This is a foolish decision and should be reversed, particularly as -Nationwide- markets itself as 'your local -building society-'. This is a mistake. ... - Date : Tue, 02 Nov 2010 09:16:20 GMT+00:00
Wealth workout: a good savings rate from a good turn - Tweet this news -building society- has increased the rate on its -Nationwide- Mysave Online Plus account from 2.63pc to a market-leading 2.99pc. The rate includes a 1.45pc ... - Date : Fri, 05 Nov 2010 16:47:08 GMT+00:00
Nationwide Building society improves online savings account - Which4U - UK Tweet this news
Which4U - UK--Anyone wishing to compare savings on products they can use to store their cash might be interested in an improved -Nationwide- bank account. ... - Date : Fri, 29 Oct 2010 16:29:18 GMT+00:00
UK consumer confidence 'in sharp fall' - BBC News Tweet this news
BBC News--Consumer confidence is now at its lowest level for more than a year, the -Nationwide building society- has said. Its monthly Consumer Confidence Index fell to ... - Date : Wed, 13 Oct 2010 00:24:10 GMT+00:00
Nationwide increases bond rates - Tweet this news on one year e-bond, tracker bond, fixed-rate bond, fixed-rate ISA and tracker e-bond products offered by -Nationwide Building Society- have increased by ... - Date : Fri, 05 Nov 2010 15:39:38 GMT+00:00
Fingleton omits €27m pension from assets - Irish Times Tweet this news
Irish Times--A HIGH COURT judge has described as “extraordinary” the failure by former Irish -Nationwide Building Society- chief executive Michael Fingleton to include his ... - Date : Tue, 02 Nov 2010 00:42:58 GMT+00:00
UK house price trend remains weak, lender says - BusinessWeek Tweet this news
BusinessWeek---...- a month earlier and contrasted with the findings by the -Nationwide Building Society-, the nation's No.3 mortgage lender, which saw a 0.7 percent fall. ... - Date : Fri, 05 Nov 2010 04:26:45 GMT+00:00
Review of the week: Nationwide Building Society's MySave Online Plus account - Tweet this news you're looking for a new savings account then -Nationwide Building Society's- MySave Online Plus account could be ideal. It's paying a market-leading rate ... - Date : Tue, 02 Nov 2010 12:08:58 GMT+00:00
Halifax reports 0.6% rise in house prices in July - Home Move Tweet this news
Home Move--The figures differ from those from the -Nationwide Building Society-, who last week revealed a 0.5% fall for the month of July compared with June. ... - Date : Wed, 04 Aug 2010 08:27:50 GMT+00:00
Nationwide's FlexAccount offers young people extra - Easier (press release) Tweet this news
Easier (press release)---Nationwide Building Society- has launched an exclusive website offering a range of lifestyle benefits for its FlexAccount customers aged 16-24. ... - Date : Wed, 04 Aug 2010 20:48:05 GMT+00:00

25px Building Societies in the United Kingdom

Bath Investment * Beverley * Buckinghamshire * Cambridge * Century * Chorley & District * City of Derry * Coventry * Cumberland * Darlington * Dudley * Earl Shilton * Ecology * Furness * Hanley Economic * Harpenden * Hinckley and Rugby * Holmesdale * Ipswich * Kent Reliance * Leeds * Leek United * Loughborough * Manchester * Mansfield * Market Harborough * Marsden * Melton Mowbray * Monmouthshire * National Counties * Nationwide * Newbury * Newcastle * Norwich and Peterborough * Nottingham * Penrith * Principality * Progressive * Saffron * Scottish * Shepshed * Skipton * Stafford Railway * Stroud & Swindon * Swansea * Teachers * Tipton & Coseley * Vernon * West Bromwich * Yorkshire

Building Societies in the Republic of Ireland

FullEBS * Irish Nationwide
SubsidiaryNationwide UK (Ireland) (owned by members of Nationwide in the UK, does not have members of its own)
DemutualisedFirst National * ICS (now part of Bank of Ireland) * Irish Permanent (now part of Irish Life and Permanent)

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