About Marsden Building Society
Since being established in 1860 the Marsden has grown
steadily as a strong independent regional mutual building society with assets
now exceeding £356million. They are members of the building societies association
and regulated by the FSA (reg number 206050). The Society has not been involved
in any mergers or acquisitions throughout its history.
Marsden Building Society Information
Head Office – Marsden Building Society, 6-20 Russell
Street, Nelson, Lancashire, BB9 7NJ. Tel (01282) 440500
Branch Offices –
116-120 Gisburn Road
Barrowford Nelson Lancs BB9 6EW
74 King William Street
Blackburn BB1 7DT
88-90 St. James Street
Burnley Lancs BB11 1NJ
21 Albert Road Colne Lancs
BB8 0RY
16-18 Manchester Road Nelson
Lancs BB9 7EG
17 Wood Street Lytham St.
Annes Lancs FY8 1QR
Building Society Products
Savings Accounts – Savings accounts include Easy
Access, Tax Free Cash ISA’s, Fixed Rate Bonds, Regular Savings Accounts,
eSavings, Direct Savings, Affinity Accounts and Community Savings Accounts.
Mortgage Accounts - Offset Mortgages, Discount Rate
Mortgages, Fixed Rate Mortgages, Members Reward Mortgage, Buy To Let, Tracker
Mortgages and Standard Variable Rate
Insurance – Buildings & Contents Insurance and
Mortgage Protection.
Others – Up to £25,000 life cover for the over 50s to
help with things like funeral expenses and unpaid bills when you're no longer
around with the LV 50 Plus Plan.
Financial Results Year Ended 31/12/2010
For the year they made a profit after tax of £450,000
(£627,000).
Mortgage Lending – Gross mortgage advances of £39.5m
(2009: £69.8m) were made during the year. The proportion of administered rate
mortgages within the Society’s mortgage book continued to increase and
represented the majority of lending within the year. Overall the Society’s
mortgage balances reduced by £18.8m to £245.5m (2009: £264.3m). At 31 December
2010 there were two (2009: four) mortgage accounts, including those in
possession, which were twelve or more months in arrears. There was £352,655
outstanding on these loans (2009: £475,880) and £1,853 arrears outstanding
(2009: £25,213).
Savings – The introduction of new investment accounts
within the year, particularly the e-savings account, created new opportunities
for investment with the Society. Additionally, the business deposit accounts
introduced in the final quarter of 2009 continued successfully. Savers
dependent on returns searched the market for the best investment opportunities
as a consequence of the low interest rate environment. These pressures resulted
in the Society’s retail balances reducing by £25.1m to£270.1m (2009: £295.2m).
Marsden Building Society Directors
Executive Directors – M H N Shoesmith, N Walker, R M
Pheasey
Non Executive Directors – R W Barlow, C Buchanan, R L
Cornes, T J Fallon, A M Legg,
Membership Numbers – The Marsden Building Society has 3,983 borrowing members and 50,070
investing (saving) members.
Other information – website themarsden.co.uk.
