Celebrating 50 years
Teachers Building Society was formed in 1966 when the National Union of Teachers (now the National Education Union, NEU) acquired the London Scottish Building Society in order to help its teacher members onto the property ladder.
The Society offered 95% mortgages from day one “to assist the younger teacher as far as possible.” This original aim still holds true today and the Society continues to work hard to ensure that its products reflect the needs of teachers and other education professionals across England and Wales.
To celebrate our anniversary we ran a £50 to 50 schools prize draw and you can see how some of the money was spent here
Kevin Courtney, General Secretary of the NUT, said: "The NUT is proud to have been involved in the establishment of the Teachers Building Society fifty years ago. The need for this service for teachers is as significant in 2016 as it was in 1966. We are delighted to congratulate the society on celebrating its 50th anniversary. The union and the society continue to work closely together to meet the mortgage and savings needs of teachers. Happy 50th Birthday TBS!"
Over the years...
The Teachers Building Society offices were originally based at Hamilton House in Bournemouth. In 1976, we moved to Allenview House in Wimborne - which is where we have been based for the last 40 years. Here are the original 1976 staff outside the new building - and our first computer!
Our First Advert & Accounts
Our first accounts posted profits of £590* and in our first advert we offered a saving rate of 4 and 5/8ths!**
* Accounts dated 3rd February 1967.
** December 2nd 1966, NUT Teacher Magazine.