About Swansea Building Society.
The Swansea Building Society was founded as a mutual
Building Society back in 1923. The
Swansea Building Society is one of only three remaining Building Societies in
Wales and the only Building Society or Bank with its headquarters in West
Wales. They are members of the building societies association and authorised
and regulated by the FSA. Investors residing outside of Wales will be required
to invest a minimum amount of £5,000.00 to open a savings account with them.
Swansea Building Society Information.
Head Office - Swansea Building Society, 11 & 12
Cradock Street,Swansea, SA1 3EW. Tel 01792 483700.
Branch Offices – 496 Mumbles
Road, Mumbles, Swansea, SA3 4BX.
Financial Products
Savings Accounts - Tax Free Cash ISA, Cygnet Children’s
account, Premier account and a Swansea City FC Savings Account.
Mortgage Accounts – Mortgages available include the
Variplus that is designed for borrowers who prefer simplicity and don’t want
frills and hidden complications.
Insurance - Home Insurance.
Financial Results Year Ended 31/12/2010
For the year they made a profit after tax of £1,281,931
(£931,000)
Mortgage Lending - Gross mortgage lending of £32.6m.
Net mortgage balances increased by £17.5m to £125.0m representing growth of
16.4% in the year. Total mortgage arrears at 31 December 2010 amounted to
£73,011. At 31 December 2010, there was 1 case (2009 - 1) where repayments were
12 months or more in arrears, which is also in possession (2009 -Nil). The
amount of those arrears was £9,930 and the mortgage balance £139,335.
Savings – Investors and depositors have again supported
the Society with net savings balances remaining at £172.9m.
Swansea Building Society Directors
Executive Directors – A. Williams and N. J. Rosser.
Non Executive Directors - I. W. Martin, J. E. Collins,
D. G. J. Williams, J. F. Mahoney, P. R. Poolman,.
Membership Numbers – The Swansea Building Society had
1,108 borrowing members and 8,015 saving members.
Other information – website swansea-bs.co.uk.
