Yorkshire Building Society
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The Yorkshire Building Society is a mutual organisation that is owned by, and run for its members. Being a mutual organisation means that they are owned by their members, and not external shareholders. It is widely regarded that by the very nature of their mutual status means that they will be able to operate within a narrower margin and thus offer their customers more competitive saving and lending products.
Today, Yorkshire Building Society is one of the largest mutual organisations in the Country – the fourth largest in the country. They are headquartered in Bradford, Yorkshire, in the North of England. They have almost 2 million members and assets totalling around £17.6 billion.
Even at the height of demutulisation (Building Societies changing to banks) in the 1990s, the Yorkshire Building Society was proud to be the first one to commit to its mutual status.
The Yorkshire Building Society currently provides a range of financial services via a network of around 130 branches across the United Kingdom.