History and Profile of Teachers Building Society |
Teachers Building Society was formed in 1966 Head Office Teachers
Building Society Allenview House, Hanham Road, Wimborne, Dorset, BH21 1AG Tel 01202 843500 email teachers@teachersbs.co.uk
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Teachers Building Society Directors' Remuneration year
ended 31/12/2011 |
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Pension and Life Contributions |
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1,000
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1,000
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Teachers Non Executive Directors |
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4 Non Executive Directors during the year |
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384,000
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Teachers Building Society Range of Products |
Teachers provides the bulk of its mortgage range to people
employed in the education sector but its range of savings products including the call save instant access account, ISAs, notice
savings accounts and fixed rate bonds
are available to all. Teachers Building Society also offers Legal & General Home
Insurance and Endsleigh Car Insurance.
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Financial Results Year Ending 31/12/2011 |
Profit after tax of £487,000 as against £397,000 in 2010.
Gross mortgage advances increased by 31% to £19.45 million although net mortgage balances dropped as members
chose to pay down their mortgages. During the year savings products like their regular saver and Cash ISA Reward spent
months in the best buy tables due to their highly competitive rates of interest.
Management
expenses as a % of mean total assets increased to 1.05%
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Teachers Building Society Financial Results Year ending 31/12/2010 |
Teachers Building Society made a profit after tax of £397,000 as against £306,000
in 2009.
Management expenses as a % of mean total assets increased
to 0.93%
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Teachers Building Society Financial Results Year ending 31/12/2009 |
Teachers Building Society made a profit after tax of £306,000 as against £347,000
in 2008. This figure is after a payment of £177,000 to the fscs levy.
No properties were in possession at the year end.
Management expenses as a % of mean total assets
dropped to 0.8% from 0.88%
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Teachers Building Society Financial Results Year ending 31/12/2008 |
Teachers Building Society made a profit after tax of £347,000 as against £959,000
in 2007. This figure is after a payment of £300,000 to the fscs levy.Other provisions increased to £335,000. 90% of mortgage lending is owner-occupied
mortgages to teachers.
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