Building Societies may appear an homogenous group, smaller and less sophisticated than banks. However the data below, derived from that collated by the Building Societies Association, demonstrates their wide range in size - the Nationwide having assets some 2,000 times greater than those of the Penrith Building Society!
Since we last looked a couple of years ago the sector has continued to shrink - from 47 to 44 Societies. Unlike our previous view, this time all three Societies lost were amongst the 5 smallest.
Some Societies, notably Nottingham, Saffron, Monmouthshire, Stafford Railway and Ecology seem to have increased their asset base proportionately most since our last review.
While illustrating the wide variety of scale of institutions within this group, the data of course offers no indication of the risk of saving with a particular institution.
|Assets - rounded
| Assets - rounded
|1||Nationwide||229,000|| ||23||Melton Mowbray||450|
|2||Coventry||44,000|| ||24||Market Harborough||420|
|4||Skipton||22,000|| ||26||Hanley Economic||400|
|6||Principality||9,600|| ||28||Mansfield The||370|
|7||West Bromwich||5,600|| ||29||Tipton & Coseley||360|
|9||Newcastle||3,800|| ||31||Bath Investment||310|
|11||The Family||2,000|| ||33||Vernon||300|
|15||Monmouthshire||1,060|| ||37||Stafford Railway||260|
|16||Leek United||1,040|| ||38||Buckinghamshire||240|
|17||Saffron||1,020|| ||39||Chorley & District||230|
|19||Hinckley & Rugby||700|| ||41||Ecology The||180|
|20||Ipswich||650|| ||42||Earl Shilton||140|