right Rights are legal, social, or ethical principles of freedom or entitlement; that is, rights are the fundamental normative rules about what is allowed of people or owed to people according to some legal system, social convention, or ethical ...

Universal Building Society was a UK

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 headquarters in

Newcastle upon Tyne Newcastle upon Tyne ( RP: , ), or simply Newcastle, is a city and metropolitan borough in Tyne and Wear, England. The city is located on the River Tyne's northern bank and forms the largest part of the Tyneside built-up area. Newcastle is ...

that operated between 1863 and 2006 . It was merged with the

Newcastle 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 It was formed in 1980 as a result of a merger between the Grainger ( ...

in 2006.

History and merger

The building society was established in

in 1863. In 2006, it merged with the

. At the time of the merger, the Universal was the 29th largest building society in the UK with assets of £600m.Universal Building Society announces decision to merge with Newcastle Building Society
Newcastle Building Society website (Retrieved 24 May 2006) It had nine branches and employed approximately 130 staff.

References

External links

Newcastle Building Society website
Banks established in 1863 1863 establishments in the United Kingdom {{UK-bsoc-stub