Leek United Building Society Latest News

March 2011 The Leek United Building Society Instant Access Cash ISA is currently offering a rate of 2.00% to savers.

Leek United Building Society Financial Results year ended 31/12/2010
Leek United made a profit after tax of £2,536,000 as against £2,752,000, the year before. This figure was after a payment to the financial sevices compensation scheme levy of £245,000 and a provision for bad debts of £287,000.

Gross mortgage lending during the year was £84 million and mortgage arrears of 3 months or more was 0.18%. Balances of savers increased by £65 million during the year.

Management expense ratio was 0.79% (0.80% 2009)

Leek United Building Society Financial Results year ended 31/12/2009
Leek United made a profit after tax of £2,752,000 as against £1,514,000 the year before. This figure was after a payment to the financial sevices compensation scheme levy of £320,000 and a provision for bad debts of £91,000.

During the year one property was repossessed and mortgage arrears of 3 months or more was 0.27%

Management expense ratio was 0.8% (0.78% 2008)

Leek United Building Society Financial Results year ended 31/12/2008
Leek United made a profit after tax of £1,514,000 as against £2,974,000 the year before. This figure was after a payment to the financial sevices compensation scheme levy of £682,000 and an increase in provision for bad debts of £235,000 (£191,000: 2007)


Leek United Building Society Profile and History
The Leek United Permanent Building Society was established in 1863. In 1919 the name was changed to Leek United and Midlands Building Society. In1990 the name was changed to the Leek Building Society.
Head Office
Leek United Building Society
50 St Edward Street
Leek
Staffordshire
ST13 5DL
Tel 01538 384151
Branches
Leek currently has 12 located in Ashbourne, Cheadle, Congleton, Derby, Hanley, Leek (St Edward Street) Leek (Derby Street) Macclesfield, Market Drayton, Newcastle-under-Lyme, Oakengates and Uttoxeter.

Directors' Remuneration year ended 31/12/2010
Name
Salary
Benefits
Pension
Total
K.Wilson
150,000
23,000
-
173,000
K.Griffiths
96,000
13,000
-
109,000
Non Executive Directors
       
Leek had a maximum of 6 over the year
123,000

1,000

 
124,000
Totals
   
-
405,000

Leek United Building Society Product Range
The leek building society offers for savers a range of accounts including variable rate fixed  bonds, affinity accounts, tax free Isas, regular savings, and instant access accounts. They offer mortgages including 3 year discount mortgages, buy to let mortgages, standard variable rate mortgages and fixed rate mortgages. Leek Building society are also able to offer comprehensive insurance packages including life insurance from Legal & General and home insurance from RSA. Leek Building Society do not offer car insurance.


leek building society savings, financials, mortgages and insurance.