Tipton & Coseley Building Society was founded
Tipton & District Permanent Benefit Building Society was founded on 1 May 1901 becoming one of over 2,000 building societies in the UK.
By 1 July 1901 the first subscription meeting had been arranged at 30 Owen Street, Tipton. Each 'subscription is set at 2/6d or 1/3d each week. Fines are levied for any late payments and investors even had to pay for their own passbook! By September we had 53 members.