Total assets of the Nationwide Building Society exceed ￡100 billion (￡100,000 million), strengthening its status as the largest building society in the world - a position which it has held since 1997. Its asset size placed it as the 7th largest financial organisation on the UK high street.
Nationwide overtakes the clearing bank Barclays Bank|Barclays to become UK|Britain's fourth largest mortgage lender, with more than 1 million mortgage customers.
Savings balances of Nationwide Building Society members, more than ￡65 billion (￡65,000 million) in total, position Nationwide as the third largest savings provider in the UK.
2001
Society Carpetbagger#Contemporary use|carpetbaggers propose a resolution for another vote by Nationwide members to demutualise|convert the society to a bank. The resolution is rejected by the Nationwide board on legal grounds.
2000
Cash machine surcharge campaigning in 1999 results in withdrawals from most Automatic teller machine|cash machines owned by UK banks becoming free for customers of all banks and building societies throughout the UK.
1999
Nationwide Building Society, together with various UK tabloid newspapers and media, launches a campaign against controversial cash machine fees. The campaign reaches a peak when Barclays Bank announces a plan to charge all customers of rival banks and financial providers, including those of Nationwide, ￡1 for every cash machine withdrawal made from a Barclays-owned automatic teller machine|cash machine. This prompts Nationwide Building Society to warn Barclays that it would take legal action against the bank if it did not back down. Nationwide claims Barclays has broken the rules of the LINK network of cash machines, which the bank had joined earlier the same year.
1998
Society members seeking a windfall, branded as Carpetbagger#Contemporary use|carpetbaggers by the UK media, meant Nationwide members go to vote on whether to demutualise the society and float on the London Stock Exchange. The attempt fails, despite media reports of possible pay-outs to members of around ￡1,000 to ￡1,500 each, as Nationwide members vote by a narrow margin of 33,700 against converting the building society into a bank.[7]
At its Swindon headquarters, Nationwide pilots the use of iris recognition in cash machines. This project was since cancelled due to it not being cost effective.[8]
The first VISA (credit card)|Visa/Delta debit card in the world from a Building Society is launched by Nationwide. Barclays, TSB and Lloyds Bank had already been providing them, but they were banks.
1987
Merger of the Nationwide and Anglia Building Society. The new society is known as Nationwide Anglia Building Society at first, but the word Anglia is dropped in 1992. The merger also results in the now-familiar Nationwide logo.
1970
The Co-operative Permanent Building Society changes its name to Nationwide Building Society. The name was suggested by the then chairman, Leonard Williams, and borrowed from the BBC current affairs programme, Nationwide (TV series)|Nationwide.
1969
The Co-operative Permanent has assets of ￡670 million and over one million members.[10]
The company is the former title sponsor of the Football League, the Football Conference and the FA Women's Premier League. Nationwide also sponsored the football teams Northampton Town F.C.|Northampton Town and Swindon Town F.C.|Swindon Town until 2007 when the contracts were terminated. Nationwide has offices in both towns.
The sponsorship of the Football League lasted from 1996 until 2004, while the sponsorship of the Conference ran from 1999 until 2007.
The company is also the sponsor of the Nationwide Mercury Music Prize.
Nationwide currently sponsors all four national football teams of the United Kingdom: England national football team|England, Wales national football team|Wales, Scotland national team|Scotland and Northern Ireland national football team|Northern Ireland. To differentiate itself from the tried and tested method of sponsorship by plc companies, Nationwide is demonstrating its mutual status with a 'Sponsored by you' campaign aimed at giving the benefits of sponsorship back to the membership as well as having members’ names appear on shirts and signage etc.
Nationwide wholly owns several subsidiary companies, including:
The Mortgage Works plc
Mortgage provider of Buy to Let, Self Certification, Sub Prime & 100% Mortgages
Nationwide Life Limited
Provides life assurance.
Nationwide Unit Trust Managers Ltd.
A company offering unit trusts, equity ISAs and Stakeholder Pensions.
UCB Home Loans Corporation Ltd.
Provides specialist mortgage finance, particularly for the self-employed. One of the UK's largest centralised mortgage lenders.
Nationwide International Ltd.
Based in Douglas, Isle of Man|Douglas on the Isle of Man, Nationwide International provides a range of offshore savings accounts denominated in Euro, Pounds Sterling and US Dollar. The accounts are designed for British expatriates but are suitable for a variety of purposes.
Nationwide Mortgage Corporation Ltd.
Acquires and administers commercial mortgage portfolios acquired from third parties.
Nationwide Syndications Limited
Arranges and participates in syndicated loans to Registered Housing Associations.
Brick upon Brick: 50 years Co-operative Permanent Building Society by Albert Mansbridge. Contains black and white images of personnel, buildings, has a chronology, and includes a substantial appendix section and index. Total of 236 pages. [12]
↑The Times, Friday, Feb 27, 1970; pg. 21; Issue 57805; col E, display advertisement for Co-operative Permanent. Retrieved from InfoTrac on June 25, 2008.
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