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The sort code is usually formatted as three pairs of numbers, for example 12-34-56. It identifies both the bank (in the first digit or the first two digits) and the branch where the account is held. [1] Sort codes are encoded into International Bank Account Numbers (IBANs) but are not encoded into Business Identifier Codes (BICs).
The current Co-op membership scheme was launched in September 2016 and rewarded members with 5% of what they spent on own-brand products and services being credited back to their membership account. A further 1% was donated to a local charitable or community cause which the members help to select.
Co-operatives UK is a British co-operative federation described as "the central membership organisation for co-operative enterprise throughout the UK". [3] It was founded in 1870 as the Co-operative Central Board, changing its name to the Co-operative Union [4] before finally becoming Co-operatives UK following its merger with the Industrial Common Ownership Movement (ICOM) in 2001. [5]
The Cheque and Credit Clearing Company Limited (C&CCC) is a UK membership-based industry body whose 11 members are the UK clearing banks.The company has managed the cheque clearing system in England and Wales since 1985, in all of Great Britain since 1996 when it took over responsibility for managing the Scottish cheque clearing as well, and in the whole of the United Kingdom since the ...
The British co-operative movement is most commonly associated with The Co-operative brand (best known for its supermarket and Funeralcare brands) which has been adopted by several large consumers' co-operative societies; however, there are many thousands of registered co-operative businesses operating in the UK. [3]
On the merger with Co-operative Financial Services, members of the former Britannia Building Society became members of the Co-operative Group. The membership reward scheme was replaced with the Co-operative Membership scheme on 31 December 2009, when members began to earn dividend based on their account holding and borrowing with Britannia.
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In 1968, Lockhurst Lane merged with the Coventry and District Co-operative Society, which had been formed as the Coventry Perseverance Co-operative Society in 1867. Founded in 1844, East Mercia Co-operative Society was the product of a series of mergers, most recently between the Nuneaton and Atherstone District Co-operative Society and the ...