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Newcastle Permanent

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Newcastle Permanent Building Society
Company typePrivate
IndustryBanking and financial services
Founded2 February 1903 (as Newcastle District Starr-Bowkett Society), 1939 (as Newcastle Cooperative Building and Investment Society Limited) (2 February 1903 (as Newcastle District Starr-Bowkett Society), 1939 (as Newcastle Cooperative Building and Investment Society Limited))[1]
HeadquartersNewcastle, New South Wales,
ProductsRetail Banking
Total assetsAUD $10.7 billion (2019)[2]
Websitewww.newcastlepermanent.com.au

Newcastle Permanent Building Society is an Australian financial institution with its head office located in Newcastle, New South Wales, Australia.

It was founded on February 2, 1903 as a Starr-Bowkett Society by a group of like-minded individuals who wanted to help families purchase their own homes. Newcastle Permanent has since grown to become the largest and financially strongest customer-owned banking institution based in New South Wales and one of the largest in Australia in terms of net assets. In addition to home loans they offer a variety of retail and personal banking services.

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 Starr-Bowkett Society 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 better value banking.

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-annual Charitable Grants process.

References