Britannia Co-operative

The Britannia Building Society and Co-operative Financial Services intend to merge to create a super mutual.

Some information on the merger is available on the Britannia website although more details of the proposed merger are expected to be sent to Britannia members in March 2009 and they will be asked to vote on the merger during April 2009.

In these troubled times especially with the lack of confidence in the Royal Bank of Scotland and Lloyds Bank then a new super mutual may be a unique and an ethical alternative to the traditional banking system who have been blamed for much of the current economic decline.