Financial Results year ended 31st December 2011.

The Shepshed Building Society produced a profit after tax of £17,000 for the year as against £244,000 the year before. This was after a provision for the fscs levy of £46,000. Savings balances increased by £9.1 million mostly due to the launch of a new postal savings account. At the year end there were 3 properties in possession and 5 mortgage accounts where arrears were 12 months or more. Total new mortgage advances was £7.4 million and provisions for bad and doubtful debts was £199,000. Management expenses rose to 1.42%.

Shepshed Building Society Financial Results year ended 31st December 2010.

The Shepshed Building Society produced a profit after tax of £244,000 for the year as against £168,000 the year before. This was after a provision for the fscs levy of £7,000 provisions for bad and doubtful debts was £20,000 as against £124,000 the year before. Total gross mortgage balances decreased to £64.4 million and share balances dropped to £69 million as the Shepshed failed to offer savers the best rates available.

Shepshed Building Society Financial Results year ended 31st December 2009

The Shepshed Building Society produced a profit after tax of £168,000 for the year as against £106,000 the year before. This was after a provision for the fscs levy of £19,000 provisions for bad and doubtful debts was £124,000 as against £302,000 the year before. As at 31st December 2009 shepshed had 15 mortgage accounts where arrears were 12 months or more. The total outstanding balances of these were £1,365,576 with the arrears being £93,930. Highlights Retail funding increased with a nett inflow of £9,000,0000 Gross lending £11.9 million with net lending £5.4 million Management expenses of 1.44% (1.39% 2008) Shepshed directors are still complaining about the fee they pay towards the FSCS but at only  £19k maybe should be looking more at reducing the management expenses?

Shepshed Building Society Financial Results year ended 31st December 2008

The Shepshed Building Society produced a profit after tax of £106,000 for the year as against £294,000 the year before. This was after a provision for the fscs levy of £84,000 provisions for bad and doubtful debts was £302,000 as against £68,000 the year before. As at 31st December 2008 shepshed had 17 mortgage accounts where arrears were 12 months or more. The total outstanding balances of these were £1,751,518 with the arrears being £193,355. This is one of the worst sets of arrears figures i have seen to date from a building society particularly in ligh of the size of the Shepshed Building Society. Highlights Retail funding increased with a nett inflow of £9,000,0000 Gross lemding £16.6 million with net lending £6.7 million

Shepshed Building Society Product Range

Shepshed Building Society offers mortgages and savings accounts. The two main types of mortgages on offer are Repayment Mortgages and Endownment/Interest only mortgages. The savings accounts on offer include instant access, 28 days notice, 90 and 120 days notice, fixed rate bonds, and ISAs.