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Cumberland Building Society

About Cumberland Building Society

Cumberland Co-operative Land and Benefit Building Society was formed back in 1850.Today they have 33 branches and are one of only four building societies that offer internet banking., They also own Cumberland Estate Agents that have has eight branches and helped its customers to sell more than 800 homes in 2010. They are members of the building societies association and are authorised and regulated by the FSA.

Cumberland Building Society Information.

Head Office - Cumberland Building Society, Cumberland House, Castle Street, Carlisle, Cumbria, CA3 8RX. Tel (0845) 601 8396.

Branch Offices – Cumberland Building Society, Lake Road, Ambleside, LA22 0AD.

Cumberland Building Society, 102 High Street, Annan, DG12 6DW.

Cumberland Building Society, 12 Bridge Street, Appleby in Westmorland, CA16 6QH.

Cumberland Building Society, 6 King Street, Aspatria, CA7 3ET.

Cumberland Building Society, 186-188 Dalton Road, Barrow in Furness, LA14 1PR.

Cumberland Building Society, 19 Front Street, Brampton, CA8 1NG.

Cumberland Building Society, 111-113 Denton Street, Carlisle, CA2 5EH.

Cumberland Building Society, 67a English Street, Carlisle, CA3 8JZ.

Cumberland Building Society, 38 Fisher Street, Carlisle, CA3 8RQ.

Cumberland Building Society, 243 Kingstown Road, Carlisle, CA3 0BQ.

Cumberland Building Society, 1a Wavell Drive, Rosehill, Carlisle, CA1 2ST.

Cumberland Building Society, 52 High Street, Cleator Moor, CA25 5AA.

Cumberland Building Society, 2 Station Street, Cockermouth, CA13 9QW.

Cumberland Building Society, 12 The Square, Dalston, CA5 7PH.

Cumberland Building Society, 166/168 High Street, Dumfries, DG1 2BA.

Cumberland Building Society, 46 Main Street, Egremont, CA22 2AB.

Cumberland Building Society, 105 Central Avenue, Gretna, DG16 5AQ.

Cumberland Building Society, Main Street, Haltwhistle, NE49 9AB.

Cumberland Building Society, 16 Funkle Street, Kendal, LA9 4AB.

Cumberland Building Society, 30a Station Street, Keswick, CA12 5HF.

Cumberland Building Society, 36 High Street, Langholm, DG11 2ES.

Cumberland Building Society, 98 High Street, Lockerbie, DG11 2ES.

Cumberland Building Society, 2 English Street, Longtown, CA6 5SD.

Cumberland Building Society, 93 Senhouse Street, Maryport, CA15 6BU.

Cumberland Building Society, 15 Middlegate, Penrith, CA11 7PG.

Cumberland Building Society, 90 Fishergate, Preston, PR1 2NJ.

Cumberland Building Society, 12 Station Road, Silloth, CA7 4AE.

Cumberland Building Society, 26 New Market Street, Ulveston, LA12 7LN.

Cumberland Building Society, 30 Lowther Street, Whitehaven, CA28 7DW.

Cumberland Building Society, 1 & 2 Market Place, Wigton, CA7 9NW.

Cumberland Building Society, 18 Main Road, Windemere, LA23, 1DY.

Cumbria House, Murray Road, Workington, CA14 2AD.

Cumberland Building Society, 21 Pow Street, Workington, CA14 3AG.

Financial Products

Savings Accounts – Savings accounts available include Tax Free Cash ISA’s, Instant Access Savings Account, 30 and 90 Day Notice Accounts, Fixed Term Bonds, Regular Savings Accounts and Affiliate Savings Accounts.

Mortgage Accounts – Mortgages include 2,3,4 and 5 Year Fixed, 3 and 5 Year trackers, Offset, Cashback, But to Let and Fist Time Buyers Mortgages.

Insurance - Home Insurance, Life Insurance and an Over 50’s Life Insurance Plan that requires no medical checks and, as long as you are aged 50 – 80 and a UK resident, you are guaranteed to be accepted.

Other Services – Current Accounts and Investments.

Financial Results Year Ended 31/03/2011

For the year they made a profit after tax of £5,852,000 (£6,066,000)

Mortgage Lending - Mortgage lending was £143.9 million, reduced by 5.9% from the previous year. Only 0.37% of residential balances were more than 90 days in arrears at 31 March 2011, only 5 residential properties were in possession, and although during the year the Society had to provide for specific losses of £236,000, this is very modest given the economic conditions. They are though, concerned about the possibility of large public sector job losses and the knock-on effect of these in the coming year and are therefore maintaining a strong general provision of almost £1.7 million.

Savings – The net inflow of funds of £5 million was much smaller than in each of the previous three years, in which a total of £178 million was received. Share balances increased by 1.6% to £1,341.39 million.

Cumberland Building Society Directors

Executive Directors – Kevin Parr, John Leveson, John Kidd and Peter Temple.

Non Executive Directors –  I P O’Reilly, R J Wolverson, G Coteman, S Cruickshank, M Donaldson, J Granger, J Pilcher and  J Spence.

Membership Numbers – Michael Pratt, Richard Atkinson, Simon Berry, David Clarke, Trevor Hebdon and Alan Johnston.

The Cumberland had 18,910 borrowing members and 160,197 saving members.

Other information – website cumberland.co.uk.

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