About Monmouthshire Building Society.
The Monmouthshire Building Society was founded by a
group of local businessmen on Saturday, January 23rd 1869. Today they have 10
branches plus the head office and supply mortgages and savings accounts to
almost 60,000 customers. They are members of the building societies association
and authorised and regulated by the FSA.
Monmouthshire Building Society Information &
Review.
Head Office - Monmouthshire Building Society, John Frost Square, Newport, NP20 1PX, Tel
01633 844400.
Branch Offices –
66 Newport Road,
Caldicot, NP26 4BR
87 Caerphilly Road,
Birchgrove, CF14 4AE
19 High Street,
Chepstow, NP16 5LQ
9 The Arcade, Cwmbran,
NP44 1PQ
234 Stow Hill, Newport,
NP20 4HA
183 Caerleon Road,
Newport, NP19 7HA
10 Agincourt Square,
Monmouth, NP25 3DY
33b Tredegar Street,
Risca, NP11 6BU
18 Union Street.
Swansea, SA1 3EH
25 Bridge Street, Usk,
NP15 1BQ
Financial Products
Savings Accounts - Savings accounts available include
Tax Free Cash Isa’s, Fixed Rate Bonds, Regular Savings Accounts, Accounts
offering Monthly Income, Children’s Accounts, Instant Access Savings Accounts,
Notice Accounts, Tracker Accounts, Affinity Accounts and Corporate and Charity
Accounts.
Mortgage Accounts – Mortgages on offer include 3 Year
Fixed Rate, 5 Year Fixed Rate, 3 Year Tracker, 2 and 3 Year Discount, Re-mortgages
and Buy to Let.
Insurance - Home Insurance, Mortgage Protection
Insurance, Life Assurance and Travel Insurance.
Other Services - Financial Planning, Will writing.
Financial Results Year Ended 30/04/2010
For the year Monmouthshire Building Society Group made
a profit after tax of £1,891,639 (£2,004,958)
Mortgage Lending - There was a small increase in gross
mortgage lending during the year to £90 million (2009: £86 million). This has
led to an overall net increase in the value of mortgage assets of £24 million
to £509 million. The average loan to value of the Society’s commercial assets
at 30 April 2010 was 44% (2009: 43%). As regards the more serious cases, there
were five loans (2009: nine loans) with repayments twelve months or more in
arrears at the year-end. The total amount outstanding on these loans amounted
to £1,066,866 (2009: £1,305,394) including arrears of £67,692 (2009: £74,376).
There were four properties in possession at the end of the year (2009: five).
Savings – Monmouthshire saw a net inflow of funds into retail shares and deposit
accounts of £33 million during the year.
Monmouthshire Building Society Directors
Executive Directors – A M Lewis, P Leader, W J Carroll.
Non Executive Directors - R J Williams, D J
Burgess, D C Roberts, P Sheppard, J G L
Trump.
Membership Numbers – The Monmouthshire Building Society
had 5,403 borrowing members and 54,390 saving members.
Other information
Website – website monbs.com.
