Tipton and Coseley Building Society Latest News

15.03.2011 Tipton Building Society are now offering a 100% loan to value mortgage with the family assist guaranteed mortgage.

History and Profile of the Tipton and Coseley Building Society
The Tipton and Coseley Building Society was established in 1901
Head Office
70 Owen Street
Tipton
West Midlands
DY4 8HG
Tel 0121 557 2551
Branches
Castle Street, Coseley, Bilston, West Midlands, WV14 9DW Tel 01902 883173
73 Church Street, Bilston, West Midlands, WV14 0BJ Tel 01902 403853
8a Dudley Street, Sedgeley, Dudley, West Midlands, DY3 1SB Tel 01902 882469 

Tipton and Coseley Building Society Directors Remuneration year ended 31/12/2010
Name
Salary
Bonus
Benefits
Increase in accrued pension
Total
C.J.Martin
115,000
 
10,000
1,000
126,000
J.J.Miller
87,000
 
8,000
1,000
96,000
Non Executive Directors
         
Tipton and Coseley had a maximum of 5 over the year

127,000

     
127,000
Totals
       
349,000

The Tipton and Coseley Building Society Range of Products
At the Tipton you can find a range of savings products including ISAs, Best Fixed Rate Bonds,Instant Access Savings Accounts,Regular Savings Accounts and Notice Savings Accounts. The Tipton and Coseley Building Society also provides a range of mortgage products as well as household insurance. 


Tipton And Coseley Building Society Financial Report to 31/12/2010
The Tipton and Coseley Building Society made a profit after tax of £1,903,000 as against £949,000 the previous year.

Management expenses were 0.83% so the same as the year before.

Provisions for bad or doubtful debts was £332,000.

Mortgage lending increased by 77% to £45.27 million.

Tipton And Coseley Building Society Financial Report to 31/12/2009
The Tipton and Coseley Building Society made a profit after tax of £949,000 as against £760,000 the previous year. This is after the estimated FSCS levy of £178,000.

Management expenses were up to 0.83% from 0.8% the year before.

Provisions for bad or doubtful debts was £688,000.

Tipton And Coseley Building Society Financial Report to 31/12/2008
The Tipton and Coseley Building Society made a profit after tax of £760,000 as against £1,487,000 the previous year. Although this is down this is after the estimated FSCS levy of £612,000. At the end of the year the society had no borrowers who were 12 months or more in arrears. Bad and doubtful debt provisions were £383,000 as against £75,000 the year before.
Total directors remuneration of £353,000 produced a net profit after tax of £760,000 which is poor compared to some of it's peers but there are far worse.  


Tipton & Coseley Building Society.