 |
|
|
Quorn Building Society
Quorn Building Society, or as it was originally known, the Quorndon and Neighbourhood Freehold Benefit Building Society, was constituted in 1872. It facilitated the building of Freehold Street in 1873, and this was probably its initial venture.
The first secretary was Joseph Camm, who was also the manager of the Quorndon and Mountsorrel Gas, Coke and Coal Company and held many other public offices during his long life. After his death in 1896, he was succeeded by George White, who lived at Rose Cottage on Loughborough Road. George was another well-known Quorn figure, who held many roles. He was a solicitor’s clerk at Woolley, Beardsley and Bosworth Solicitors in Loughborough, a position he held for over 50 years. He was also Clerk to Quorndon Urban District Council, a house agent and property developer. He was subsequently followed as building society secretary by his son George Cecil White (known as Cecil). The Building Society was never run from a branch office, but business was conducted from the home of the secretary.
In July 1950, the name of the organisation was changed from the Quorndon and Neighbourhood Freehold Benefit Building Society, to simply Quorn Building Society. In 1957, after 85 years, Quorn Building Society was absorbed into the Leicester Permanent Building Society, which subsequently became the Alliance and Leicester and is now part of the Spanish based Santander. So if you have an old Quorn Building Society book tucked away, you now know who to approach to claim your funds!
This building society book was issued to Millicent Jane Winterton and her older sister Gladys, when they took out a mortgage to buy one of the brand new houses at the bottom of Warwick Avenue, in September 1934.
Note on the History of Building Societies:
The very first building society recorded in England was in 1775. These first societies were created for just one project, ie they were wound up when all the members had been housed. For instance they were often set up to fund the building of just one particular street. 1845 saw the first ‘permanent’ building societies appear. These were operated more like Building Societies today, whereby their existence was ongoing, for both savers and borrowers. This is how names such as the Leicester Permanent Building Society (created in 1852), first arose, in order to differentiate themselves from the temporary organisations.
| |
|
|
 |
Submitted on: |
2016-11-23 |
|
Submitted by: |
Sue Templeman with thanks to Chris Sharp for the Building Society book |
|
Artefact ID: |
1961 |
|
Artefact URL: |
www.quornmuseum.com/display.php?id=1961 |
 |
Print: |
View artefact in printer-friendly page or just on its own (new browser tab). |
|
|
|
|
|
