Coventry Building Society
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Coventry Building Society | |
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Type | Building Society (Mutual) |
Founded | 1884 |
Headquarters | Coventry, England, UK |
Industry | Banking and Financial Services |
Products | Banking, Savings and Mortgages |
Website | www.coventrybuildingsociety.co.uk |
The Coventry Building Society is a building society based in Coventry, England. It is the 4th largest in the United Kingdom based on total assets of £14.9 billion at 31 December 2007.[1]
[edit] History
The Society was founded in 1884, in Coventry as the Coventry Economic Building Society. As with other societies, the intention was to provide greater access to finance to the local community, within a mutually-owned organisation. As its reputation grew locally, it became the largest building society in the county by asset share, within 30 years.
A long period of growth culminated in 1983, with the merger of the Economic with the other main building society in the city, the Coventry Provident. Today, the society has around a million members, assets of nearly £15 billion, and continues to resist any moves towards demutualisation. Its logo is of Lady Godiva, the iconic figure of Coventry.
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