Universal Building Society
Encyclopedia
Universal Building Society was a UK 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"...
, which had its head office in Newcastle upon Tyne
Newcastle upon Tyne
Newcastle upon Tyne is a city and metropolitan borough of Tyne and Wear, in North East England. Historically a part of Northumberland, it is situated on the north bank of the River Tyne...
, Tyne & Wear, England
England
England is a country that is part of the United Kingdom. It shares land borders with Scotland to the north and Wales to the west; the Irish Sea is to the north west, the Celtic Sea to the south west, with the North Sea to the east and the English Channel to the south separating it from continental...
. It was established in Newcastle upon Tyne
Newcastle upon Tyne
Newcastle upon Tyne is a city and metropolitan borough of Tyne and Wear, in North East England. Historically a part of Northumberland, it is situated on the north bank of the River Tyne...
in 1863.
Merger
In 2006, the Universal Building Society merged with the Newcastle Building SocietyNewcastle Building Society
The Newcastle Building Society is a UK building society that has its head office in Newcastle upon Tyne, England. It is a member of the Building Societies Association.-History:...
. At the time of the merger, the Universal was the 29th largest building society in the UK with assets of £600m. It had nine branches and employed approximately 130 staff.