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Tipton & Coseley Building Society

About The Tipton Building Society

Tipton and Coseley is an independent mutual building society founded in 1901. Today their head office is located in a modern purpose-built headquarters in the heart of the West Midlands. Tipton & Coseley Building Society is authorised and regulated by the Financial Services Authority (Register number 159601).

Tipton & Coseley Building Society Information.  

Head Office – Tipton and Coseley Building Society, 70 Owen Street, Tipton, West Midlands, DY4 8HG. Tel 0121 557 2551

Branch Offices –  

Castle Street, Coseley, Bilston, West Midlands, WV14 9DW

73 Church Street, Bilston, West Midlands, WV14 0BJ

6 Bull Ring, Sedgley, Dudley, West Midlands, DY3 1RX

Building Society Products

Savings Accounts – Postal Savings, including Premier 30, and Premier 90 offering a choice of monthly or annual interest, 30 and 60 day notice accounts, Tax Free Savings include Premier ISA and a Branch ISA, Easy Access includes Hallmark Access, Easy Access and  Easy Access Deposit. There is also a Regular Saver Account and 2 Accounts for Young Savers.

Mortgage Accounts - Family Assisted Mortgages, Fixed Rate, Discount Rate and Standard Variable Rate Mortgages.

Insurance – Buildings & Contents Insurance, Mortgage Protection Insurance & Legal & General Life Insurance.

Others – N/A.

Financial Results Year Ended 31/12/2010

For the year the they made a profit after tax of £1,903,000 (£949,000).

Mortgage Lending – Gross mortgage advances increased by 77% to £45.27 million. At the year end there were 7 mortgages that were 12 months or more in arrears.

Savings – Net inflow was £5.91 million with the Premier 30 and Hallmark 30 proving very popular.

Other – Income from the sale of products from Legal & General totalled £149,000.

Tipton & Coseley Building Society Directors

Executive Directors – C J Martin and J J Miller.

Non Executive Directors –D G Bassett, M H P Daly, P K Davenport, B J Morgan and D J V Morgan.

Membership Numbers – 5,929 borrowing members and 35,372 investing (saving) members.

Other information – website thetipton.co.uk.

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