What is recorded here
This bronze commemorative plaque records: On this site formerly stood The Golden Cross Inn the prorietor of which Mr. Richard Ketley founded in or before 1775 the first known building society in the world. This plaque was presented to the City of Birmingham by the International Union of Building Societies and Savings and Loan Associations. President Mr. Morton Bodfish and unveiled by the right worshipful the Lord Mayor of Birmingham Alderman John Joseph Grogan M.B.B.. J.P. 28th March 1958 Recorded plaque organisation: International Union of Building Societies and Savings and Loan Associations.
Richard Ketley was the proprietor of The Golden Cross Inn in Birmingham, where he founded the first known building society in the world in or before 1775, pioneering a financial model that significantly influenced home ownership and savings practices.
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