Cambridge Building Society Profile |
Cambridge Building Society and has been in existance since 1850. Head Office Cambridge Building Society PO Box 232 51 Newmarket Road Cambridge CB5 8FF Tel 01223 727727 Cambridge Building Society has 23 branch offices and is one of
only a handful of building societies in the UK which will only provide its savings accounts and mortgages to people living
in the branch area.
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Cambridge Building Society Directors' Remuneration Year ended
31/12/2010. |
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Increase in accrued pension |
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9 Non Executive Directors during the year |
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425,428
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Cambridge Building Society offers a range of products. Savings accounts include instant access savings accounts, regular savings accounts, notice accounts, ISA's and children's savings accounts. Mortgage products
include variable rate mortgages and fixed rate mortgages. Cambridge Building Society also offers Buildings and Contents Insurance and If you're worried about leaving your loved ones with an unexpected expense when you die, Cambridge
now offer a choice of great Over 50s Life Insurance Plans by Legal & General. Starting from as little as £5 a month, the plans are a simple way to help your family at a difficult
time.
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Financial Results year ended 31st December 2010. |
Cambridge Building Society made a profit after tax of £1,003,000 (2009:£429,000)
. This was after a provision for bad and doubtful debts of £122,000.
During the year savings
balances increased by £23m and mortgage advances were £128m a 59% increase on 2009. There were 10 mortgage accounts
12 or more months in arrears with balances outstanding of £1.2m (2009 £1.8m) and arrears of £0.1m (2009
£0.2m) or 0.17% of mortgage balances. Cambridge Building Society also gained over 5,500 new members.
In order to release value the Society took advantage of an opportunity to sell certain property assets resulting in a gain
of £1.8m before tax. Before this gain on disposal of properties, the results show an operating loss of £0.75m.
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Financial Results year ended 31st December 2008 |
Cambridge Building Society made a profit after tax of £1,541,000. This was
after a provision for the fscs levy of £1,765,000 and provisions for bad and doubtful debts of £1,225,000. 2008 was a record year for mortgage
lending for the Cambridge with gross lending of £187.4 million. At the year end five mortgage accounts were 12 months
or more in arrears and two properties were in possession. During the year the Cambridge Building society employed approximately 150 full time and 82
part time employees.
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