The Coventry has been protecting the interests of its members for well over 125 years – since 1884 to be precise. The story started when Thomas Mason Daffern (who became the Society’s first secretary) and a small group of local citizens decided to set up the Coventry Permanent Economic Building Society. We think it’s important that you can be confident in the strength of your savings or mortgage provider.
That’s why we’ve worked hard to build a strong foundation for Coventry Building Society. We’re really proud of our record as one of the UK’s strongest financial institutions. In fact, we’ve retained ‘A-ratings’ throughout the credit crisis from both Fitch (A) and Moody’s (A3), the two rating agencies that analyse the building society sector.
We’re careful how we spend money. After all, it’s our Members’ money we’re spending. That’s why we’re the most cost-efficient building society in the UK. In 2011, for every £100 of members’ assets we held, we spent only 37p, on average, to run the business.
