Loughborough Building Society

Loughborough Building Society Latest News

March 2011 The Loughborough Building Society offers a wide range of savings accounts to suit everybody’s needs, including postal and ISA accounts, and special accounts for young savers and those aged over 50.

History and Profile of the Loughborough Building Society
Founded in 1867
 
Head Office
Loughborough Building Society
6 High Street
Loughborough
LE11 2QB
Tel 01509 610707
 
 
Branch Offices
4 High Street Loughborough LE11 2PY
1/2 Babington Lane Derby DE1 1SU
5 Market Place Long Eaton NG10 1JL

Loughborough Building Society Financial Report to October 31st 2010

The Loughborough Building Society made a profit after tax of £688,000 as against £384,000 the previous year.07,000 in the year before that.
Gross lending was 24.5 million an increase of 10.46% over the previous year. 
TOTAL Assetts £273.75 million previous year Total Assets £277.94 million 
Savers share balances increased by £6.3 million to £235.1 million. Provisions against mortgage bad debts was £170,000.
Management expenses as a % on mean assets increased to 0.94% from 0.86%.

Loughborough Building Society Financial Report to October 31st 2009

The Loughborough Building Society made a profit after tax of £384,000 as against £632,000 the previous year and £1,0007,000 in the year before that. Although this is down this is after the estimated levy** to the FSCS of £480,000 for the failure of the icelandic banks and bradford and bingley (estimated £550,000 over next 3 years) and £64,000 of bad debt.
Gross lending was 22.18 million as against 43.25 million the previous year. 
TOTAL Assetts £277.9 million previous year Total Assets £276.9 million 
Total directors remuneration of £434,000 to achieve a net profit of £384,000 seems a bit steep but in view of the FSCS levy and bad debts (understandable in current climate) maybe justifiable. 


The loughborough Building Society Range of Products
The Loughborough Building Society provides a range of products including savings accounts,mortgages, home insurance, child trust fund accounts, dignity funeral plans,equity release,wills and conveyancing. They also offer a couple of savings accounts for clubs,limited companies and non individuals.

Loughborough Building Society Directors Remuneration year ended 31/10/2010.
Name
Salary
Bonus
Pension Contributions
Benefits
Total
G.Brebner
120,000

10,000
18,000
6,000
154,000
Mrs C.Joyce
77,000
6,000
10,000
4,000
97,000
C.G.Bradley
90,000
7,000
14,000
10,000
121,000
Non Executive Directors
          
Loughborough Building Society had a maximum of 6 over year
        
107,000
Totals
287,000
23,000
42,000
20,000
479,000

** The savers with B&B and the icelandic banks were repaid through the FSCS when they collapsed. This levy is charged by the FSCS to pay for the monies paid out.

Loughborough building society facts and figures, savings accounts and mortgages

None of the information contained in this website constitutes,nor should be construed as Financial Advice
Your home may be repossessed if you do not keep up repayments on your mortgage