Chelsea Building Society
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| Building Society (Mutual) | |
| Industry | Banking and Financial Services |
| Founded | 1875 |
| Headquarters | Cheltenham, England, UK |
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Key people
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Mike Regnier, Chief Executive |
| Products | Savings, Mortgages, Insurance |
| £157 million GBP (December 2012) | |
| Total assets | £33.5 billion GBP (December 2012) |
| Parent | Yorkshire Building Society |
| Website | www |
Chelsea Building Society is a trading name of Yorkshire Building Society based in Bradford, West Yorkshire. Chelsea merged with the Yorkshire in 2010, at which point Chelsea was the fourth largest building society in the United Kingdom, with assets in excess of £13 billion. Chelsea has 35 branded branches, mainly in the southern areas of England with a large number of these in London.
Chelsea now forms part of the Yorkshire Building Society Group, alongside Yorkshire Building Society, Norwich and Peterborough Building Society. In January 2016, Yorkshire Building Society announced that seven of the Chelsea's branches would close, with the remainder rebranded as Yorkshire.
Chelsea was first established in 1875 as the London & Camberwell Building Society. Three years later, in 1878, the Borough of Chelsea Permanent Building Society was formed. Over the years both societies merged with smaller societies and on 31 December 1966 the two societies merged to create a new society with assets of £30 million. The new society was called the Chelsea and South London Building Society until April 1971 when the name was changed to Chelsea Building Society.
It is a member of the Building Societies Association. Operating mainly in South East England with a network of 35 branches.
Following the merger in 1966, the administrative headquarters were based in Streatham, with the registered office at 110 Kings Road, Chelsea. In 1973, having outgrown the accommodation at Streatham, the administrative headquarters moved to Thirlestaine Hall in Cheltenham. On 1 July 1988 Chelsea completed a merger with the City of London Building Society, with the name Chelsea remaining unaffected.
In 2005 Chelsea opened a purpose built customer contact centre close to the Head Office at the old Charlton Kings railway station as a commitment to keep its call centres UK based, which won environmental awards for its use of geothermal heating, green building and "green" credentials. Its two head offices were based in Cheltenham employing over eight hundred staff.
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Wikipedia