A British financial institution which pools deposits from savers to provide mortgage financing for house purchases. In the United States equivalent institutions are known as savings and loan associations or thrifts.

Definition A cooperative whose members pool their resources in order to offer financial and lending services, such as mortgages. It is similar to a bank or credit union. Building societies emerged in [..]

A financial institution owned by its members (rather than by shareholders) which pays interest on deposits and lends money on the security of property to enable members to buy their own [..]

Financial institutions offering savings accounts and mortgages as their main business. Many are mutual institutions, which are owned by their members rather than shareholders.

A financial institution similar to a bank and offering many of the same services

Community-based financial institution usually owned by its members that offers traditional banking services like savings accounts and loans, listed on the APRA website as a building society.  Also cal [..]

UK savings organisation that specialises in lending money to people for buying houses. See also savings and loan

Building Society means a building society incorporated or deemed by section 124(2) to be incorporated under the Building Societies Act 1989.