Dudley Building Society.
About Dudley Building Society
The Dudley Building Society was founded in 1858 and
today has 7 sites in the West Midlands. As an independent mutual they are owned
by the members and not shareholders. They are members of the building societies
association and are authorised and regulated by the FSA.
Dudley Building Society Information
Head Office - Dudley Building Society, Dudley House,
Stone Street, Dudley, DY1 1NP.
Branch Offices –
20 Abbey Road, Gornal Wood,
Dudley, DY3 2PG
107 High Street, Brierley
Hill, DY5 3AU
59 High Street, Stourbridge,
DY8 1DE
802 High Street, Kingswinford,
DY6 8AA
20 Dudley Street, Sedgley,
Dudley, DY3 1SB
6 Anders Square, Perton, South
Staffordshire WV6 7QH
Financial Products
Savings Accounts - Savings Accounts include Tax Free
Cash ISA including Transfer In, Regular Savings, Instant Access, Deposit
Tracker, Fixed Rate Bond, Tracker Bond, Save & Sponsor and Speedway Saver.
Mortgage Accounts – Standard Variable Rate, 3 Year
Fixed Rate, 3 Year Discount, Buy to Let and Shared Ownership Mortgages.
Insurance -N/A.
Financial Results Year Ended 31/03/2011
After tax profit of £704,000. Total assets grew during the
year by £3.5m (2010: £6.1m) and at 31 March 2011 amounted to £317m (2010: £313m).
£37m was advanced in mortgage loans compared with £25m the
previous year. At the end of the year the Society had seven properties in possession. At 31 March 2011 there was one account where payments were twelve months or more in arrears (2010 - two). The total amount outstanding on this account was £12,655 (2010 – £55,274) and the aggregate capital balance was £98,397 (2010 – £326,244).
The Society had an inflow of new savings amounting to £5.9m. Financial Results Year Ended 31/03/2010
For the year Dudley made a
profit after tax of £917,000 (£541,000)
Mortgage Lending - At 31 March 2010 there were two
accounts where payments were twelve months or more in arrears (2009 - 3). The
total amount outstanding on these accounts was £55,274 (2009 – £76,345) and the
aggregate capital balance was £326,244 (2009 – £722,678). £25m was advanced in
the year and 482 new mortgages were approved.
Savings – The Society achieved its goal with an inflow
of new funds amounting to £2.1m.
Dudley Building Society
Directors
B.W. Frankling, FCA (Chairman), J.R.D. Anton, MBA, MA(Hons)
(Deputy Chairman), J.N. Bland, BSoc Sc, FCA (Finance Director), G.J. Caves, ACIS, FCIB (Chief Executive), Mrs A. East, BA, D.A. Gamble, CFCIPD, ACIB, K.A. Langley (Appointed 21 March 2011) and D.J. Milner, FCIB. Membership Numbers – The Dudley Building Society had
3,250 borrowing members and 30,603 saving members.
Other information – website
dudleybuildingsociety.co.uk.
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