Chorley & District Building Society.
About Chorley Building Society.
Chorley and District Building Society is the oldest
building society in Lancashire and was established in March 1859 being called
The Chorley Permanent Benefit Building Society. The name was then changed to
The Chorley (£60 Shares) Permanent Benefit Building Society in 1897. The name
officially became The Chorley and District Building Society in 1933. They are
members of the building societies association and authorised and regulated by
the FSA.
Chorley Building Society Information.
Head Office - Chorley Building Society, Key House,
Foxhole Road, Chorley, PR7 1NZ. Tel 01257 235000
Branch Offices –
28/30 High Street, Chorley,
PR7 1DW
153/155 Towngate, Leyland,
PR25 1LH
Financial Products
Savings Accounts – Savings accounts on offer include
Chorleian, 60 Day Notice, Tax Free Cash ISA, Monthly Saver, Postal Account,
Over 60’s, Young Savers and Affinity accounts.
Mortgage Accounts – Mortgages available include
Standard Variable Rate, Discount Rate and Fixed Rate.
Insurance – House Insurance and unemployment insurance
Other Services – N/A
Financial Results Year Ended 06/02/2012
Profits after tax of £573k enabled their reserves to increase from £11.38m to £11.95m, Record gross mortgage lending up 9.21% to
£30.4m (2011: £27.8m). There were 16 cases in serious arrears of 12 months or more at the year end (2011: 10 cases). At the end of the year they had record mortgage balances up 3.36% to £124.0m (2011: £119.9m). Financial Results Year Ended 07/02/2011
For the year they made a profit after tax of £647,188
(£528,129).
Mortgage Lending - The average loan to value ratio of
our mortgage book is less than 38% and over 98% of our mortgage balances are
secured on residential properties. Only 13 mortgage cases were in arrears of
six months or more. They saw a reduction in mortgage balances of 6.09%
reflecting the reduced levels of activity in the housing market. The Society
has one residential case in possession. This property was surrendered by the
borrower during the year and has been fully provided for.
Savings – Retail share balances increased by 2% over
the year. Share balances rose by £2,968,837 from £148,587,882 to £151,556,718.
Their regular Santa Saver has also appeared frequently in the financial press
best buy tables during the year as has their monthly income account for the
over 60’s.
Chorley & District Building Society Directors
Mr. P. Brown (Chairman), Mrs. J.M. Meadows (Vice Chairman), Mrs.
P.A. Clare (retired 6 February 2012), Mr. A. Horsley (appointed 16 December 2011), Mr. D.J. Jenkinson, Mrs. E. Mahmood (appointed 26 October 2011), Mr. K. Williamson, Mr. S. Penlington (Chief Executive) and Miss L.K. Pape (Deputy Chief Executive, Secretary & Treasurer). Membership Numbers – The Chorley Building Society has
3,166 borrowing members and 31,734 investing (saving) members.
Other information – website chorleybs.co.uk | 
