Newcastle Permanent Building Society is an Australian

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 savings and mortgage lending. Building societies exist in the United Kingd ...

with its head office located in

Newcastle, New South Wales Newcastle ( ; Awabakal: ) is a metropolitan area and the second most populated city in the state of New South Wales, Australia. It includes the Newcastle and Lake Macquarie local government areas, and is the hub of the Greater Newcastle area ...

, Australia, and provides services in

New South Wales ) , nickname = , image_map = New South Wales in Australia.svg , map_caption = Location of New South Wales in AustraliaCoordinates: , subdivision_type = Country , subdivision_name = Australia , established_title = Before federation , es ...

. It was founded on 2 February 1903 as a

Starr-Bowkett Society A Starr-Bowkett Society was a co-operative, non-profit financial institution that provided interest-free loans to its members and operated on the principle of mutual self-help, as espoused in 1843 by Dr T. E. Bowkett. Popular in Australia from the ...

by a group of like-minded individuals who wanted to help families purchase their own homes. Newcastle Permanent has since grown to become one of the largest customer-owned banking institutions in Australia. In November 2022, the society's members voted to merge the society with

Greater Bank Greater Bank is an Australian customer-owned bank and mutual financial institution with headquarters in Hamilton, New South Wales. The bank was previously known as the Greater Building Society, or simply "The Greater”, and provides services to ...

, to take effect in March 2023, provided regulatory approval. Both brands were planned to continue. Their motto is "Here for good.", which shows their aim to help their customers improve their financial well-being and help their customers and communities thrive and grow.

History

* 1903 - Founded as a

in the Newcastle suburb of Wickham on 2 February 1903 * 1939 - Newcastle Permanent Building Society was established * 1966 - First branch was opened to customers * 1970 - Introduced its famous ‘house’ logo * 1983 - Relocation of office headquarters to King St, Newcastle * 1984 - Installation of Newcastle Permanent's first ATM * 2001 - Internet banking was launched for Newcastle Permanent customers * 2004 - The Charitable Foundation distributed its first grant * 2018 - Celebrated 115 years of banking. * 2022 - Members started voting on 28 September 2022 on a merger with

Services

A full suite of banking services are offered including home and personal loans, credit cards, savings, deposits, transactions and insurance as well as business banking and financial planning.

Charitable Foundation

The Charitable Foundations mission is to help those in need rewrite their futures and make a meaningful difference to individual's lives through grants. Since the Foundation's inception, more than $21.5m has been donated to the community through its bi-annua
Charitable Grants process

References

External links

* Building societies of Australia Banks established in 1903 Companies based in Newcastle, New South Wales Australian companies established in 1903 {{finance-company-stub