The Yorkshire is committed to remaining a mutual organisation. This option enables us to provide value for members over the longer term.
Being a member of a mutual organisation means you, the customers, are the owners. We answer to you, and this gives a greater understanding of your needs.
Building society members enjoy the protection of the Building Societies Act. As a result of the Act, the interests of all existing and future members must be taken into account when mapping out the Society's direction. Therefore, we are constantly reviewing our products and services. We think about what's best for our members not just today, but in the medium and longer term as well.
In the mid-1990s, we conducted a major review to make sure that we're giving our members the best value possible. We considered all the options open to us - remaining mutual, being acquired or converting to a public limited company.
The views of members and staff, as well as the financial community and regulators, were sought. The results highlighted three major requirements for success - competitive products, a high level of security and first-class customer service.
The review confirmed that maintaining our mutual status was the option that gave the Society the best opportunity to meet our members' needs over the longer term.
Yorkshire Building Society is one of the largest building societies in the UK. We offer a range of financial products and services including: savings & investment accounts, insurance products, loans, mortgages and more.
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Yorkshire Building Society is authorised and regulated by the Financial Services Authority (FSA).