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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 (founded 1861) and Newcastle Permanent Building Societies (founded 1863).〔(A full agenda for our mutual friend ) North East Business, 10 September 2007, Retrieved 11 April 2009〕
In 2006, it merged with another Newcastle-based society, the Universal Building Society.〔(Building Society Mergers and Conversions since 1980 ) Building Societies Association website (Retrieved 5 April 2007)〕
The society opened another office at Cobalt Business Park in North Tyneside in 2008.〔Evening Chronicle, Feb 26, 2008 ''( Newcastle Building Society grows despite crisis )'', Gareth Deighan. Via Chronicle Live, retrieved on 24 March 2008.〕
In May 2010, the society announced its repositioning programme in which it announced that it would make 126 jobs redundant and create 80 jobs in its Solutions division.
In February 2011, it announced that it plans to lend more to the North East's housing market.
In December 2011, Wirecard AG of Germany acquired Newcastle Building Society's prepaid card issuing activities in six European countries.〔(Wirecard acquires prepaid cards division of Newcastle Building Society, 16 December 2011 )〕
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