Nationwide Building Society
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| Building society (Mutual) | |
| Industry | Banking and Financial Services |
| Founded | 1846 (earliest components) |
| Headquarters | Swindon, Wiltshire, England |
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Key people
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David Roberts, Chairman Joe Garner, Chief Executive |
| Products |
Retail banking, Savings Mortgage loans, Investments, Insurance, Current accounts, Loans, Home insurance, Travel insurance, Credit cards |
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Number of employees
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Around 18,000 |
| Website | www |
Nationwide Building Society is a British mutual financial institution and the largest building society in the world. It has its headquarters in Swindon, with an office in Threadneedle Street, London, and with administration centres based in Bournemouth, Northampton and Dunfermline.
Made up of over a hundred mergers — most notably its merger with Anglia Building Society in 1987 and Portman Building Society in 2007 — Nationwide is now the second largest provider of household savings and mortgages in the UK. It also has a 7.1% market share of current accounts and was ranked number one for customer service satisfaction amongst its high street peer group for the 3 months ending 31 March 2016.
For the financial year 2015/2016, Nationwide had assets of around £208.9 billion compared to £331 billion for the entire building society sector, making it larger than the remaining 44 British building societies combined.
It is a member of the Building Societies Association, the Council of Mortgage Lenders and Co-operatives UK. In 2016 Nationwide appeared 3rd in The Sunday Times 'Top 25 Big Companies To Work For' poll, up from 6th in 2015. Nationwide also came 2nd in the British Bank Awards 2016.
The Society's origins lie in the Northampton Town & County Freehold Land Society (1848) and the Southern Co-operative Permanent Building Society, London (1884).
The Co-operative Permanent, based at New Oxford House in the London Borough of Camden, changed its name to Nationwide Building Society in 1970, reflecting an organisation that had coverage throughout the country, after a decision by the British Co-operative Union in August 1970. The new name was put to a member vote, with members voting 135,675 to 15,585 in favour.
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Wikipedia