bsoc:building_societies

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bsoc:building_societies [2026/06/07 09:53] – [What are building societies?] Simon Grantbsoc:building_societies [2026/08/18 23:21] (current) – external edit 127.0.0.1
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 Building societies are mutual institutions offering savings accounts and mortgages, and occasionally current accounts. This is all they provide. They are simple beasts compared to banks, and their mutual nature means that they are owned by their members, and are not listed on stock exchanges and owned by shareholders. Building societies are mutual institutions offering savings accounts and mortgages, and occasionally current accounts. This is all they provide. They are simple beasts compared to banks, and their mutual nature means that they are owned by their members, and are not listed on stock exchanges and owned by shareholders.
  
-They’re similar to [co-operatives](/coop/co-operatives), but, from [[wp>Building society|Wikipedia]]: ‘unlike a true cooperative, members usually do not contribute to the capital of the company by direct investment, but derive their right to profits and votes through their customer relationship.’+They’re similar to [co-operatives](/coop/co-operatives), but, from an old Wikipedia revision: ‘unlike a true cooperative, members usually do not contribute to the capital of the company by direct investment, but derive their right to profits and votes through their customer relationship.’
  
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 <figure> <figure>
-{{url>https://www.youtube.com/embed/7RUA25tzeMk 560,315}} +{{url>https://www.youtube.com/embed/7RUA25tzeMk}} 
 <caption> <caption>
 _The Newcastle Building Society opened a branch inside Yarm library, North Yorkshire, to prevent its closure._ _The Newcastle Building Society opened a branch inside Yarm library, North Yorkshire, to prevent its closure._
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 <figure> <figure>
-{{url>https://www.youtube.com/embed/O4ne13Zft9Q 560,315}} +{{url>https://www.youtube.com/embed/O4ne13Zft9Q}} 
 <caption> <caption>
 _It’s a Wonderful Life: George Bailey argues against demutualisation._ _It’s a Wonderful Life: George Bailey argues against demutualisation._
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 <figure> <figure>
-{{url>https://www.youtube.com/embed/iPkJH6BT7dM 560,315}} +{{url>https://www.youtube.com/embed/iPkJH6BT7dM}} 
 <caption> <caption>
 _George Bailey again, this time explaining the nature of mutualism and avoiding a run on his mutual savings and loans bank._ _George Bailey again, this time explaining the nature of mutualism and avoiding a run on his mutual savings and loans bank._
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 - [Building Societies Association](https://www.bsa.org.uk/) - [Building Societies Association](https://www.bsa.org.uk/)
 - [Brum's Building Society Origins](https://www.thefreelibrary.com/Brum's+building+society+origins-a0188990857) - [Brum's Building Society Origins](https://www.thefreelibrary.com/Brum's+building+society+origins-a0188990857)
 +- Wikipedia: [[wp>Building society]]
  
  
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  • Last modified: 2026/07/23 08:54
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