Ecology Building Society Profile and History

The Ecology is the newest building society having been founded in 1980 as is more specialist than the rest as the starting point for mortgage application is to assess the environmental impact of the project which is rather different to most banks and building societies.   The Ecology Building Society made a profit for the year ended 31/12/2009 of £319,000 after tax this is after a £79,000 contribution to the fscs levy.   Provisions against mortgage losses were down at £52,000 (2007 £79,000) Savings balances grew by 15.76% to £80.4 million.

Ecology Building Society Directors Salaries and Remuneration
	Salary	Bonus	Benefits	Pension Contribution	Total
P.C.Ellis	56,000	3,000	3,000	4,000	66,000
P.Waring	41,000	3,000	1,000	3,000	48,000
Ecology Building Society Non Executive Directors Fees	47,000				47,000
Total					161,000

Ecology Building Society Product Range

The Ecology provides mortgages and savings accounts. The savings accounts include, cash ISA, and foundation share. The savings rates generally seem to be quite low but by saving with them you are entering into a partnership to help build a more sustainable future. Mortgages from the Ecology include buy-to-let, small woodland, mortgages for housing co-operatives and residential mortgages.