Teachers Building Society
Encyclopedia
The Teachers Building Society is a British
United Kingdom
The United Kingdom of Great Britain and Northern IrelandIn the United Kingdom and Dependencies, other languages have been officially recognised as legitimate autochthonous languages under the European Charter for Regional or Minority Languages...

 building society
Building society
A building society is a financial institution owned by its members as a mutual organization. Building societies offer banking and related financial services, especially mortgage lending. These institutions are found in the United Kingdom and several other countries.The term "building society"...

. It was founded in 1966 by the National Union of Teachers
National Union of Teachers
The National Union of Teachers is a trade union for school teachers in England, Wales, the Channel Islands and the Isle of Man. It is a member of the Trades Union Congress...

 and provides mortgages to people who work in education as well as savings products to the general public. It is a member of the Building Societies Association
Building Societies Association
The Building Societies Association is the trade organisation of the building societies in the United Kingdom. In 2011 the 48 building societies in the UK had total assets of over £317 billion. 15 million adults have building society saving accounts and over 2.9 million adults are currently buying...

.

It is a mutual organisation run for the benefit of its members and services only be purchased only directly from the Society.

Based in Wimborne, Dorset
Dorset
Dorset , is a county in South West England on the English Channel coast. The county town is Dorchester which is situated in the south. The Hampshire towns of Bournemouth and Christchurch joined the county with the reorganisation of local government in 1974...

, Teachers Building Society employs around 40 people.

The Society wholly owns a subsidiary company - TBS Financial Services Ltd - which is a financial planning service offering investment, protection and pension products.

The Society's chairman is Kevin Richardson and the chief executive is James Bawa.

External links

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