Swansea Building Society

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Swansea Building Society
Cymdeithas Adeiladu'r Abertawe
Building Society (Mutual)
IndustryBanking and Financial Services
Founded1923
HeadquartersSwansea, Wales, UK
Key people
Alun Williams, Chief Executive
ProductsSavings, Mortgages, Investments,
Loans, Insurance
£533,000 GBP (December 2007), Increase 18.2% on 2006
Total assets£120 million GBP (December 2007), Increase 8.1% on 2006
Websitewww.swansea-bs.co.uk

The Swansea Building Society, (Welsh: Cymdeithas Adeiladu'r Abertawe), is a building society based in Swansea, Wales. It is a member of the Building Societies Association.

The Society was founded in 1923. Today it is one of only three remaining mutual building societies in Wales and claims to be only building society or bank with its headquarters in West Wales. At 31 December 2009, the Society's total assets were over £182m with over 8,000 savers accounts and 1,100 mortgage customers;[1] the chief executive is Alun Williams.[2]

Swansea Building Society benefited from the Icelandic financial crisis in 2009, as local savers looked to invest in a safer institution; the society opened a new branch outside Swansea city centre for the first time in its history.[3] In May 2010, the society launched a savings account in partnership with Swansea City A.F.C., earning the club additional revenue through commission.[4]

References[edit]

  1. ^ "Swansea Building Society – About Us". Swansea Building Society. Retrieved 4 July 2010.
  2. ^ "Extract from Building Societies Yearbook 2009/10" (PDF). Building Societies Association. Retrieved 5 July 2010.
  3. ^ "Building society profits from Icelandic crash". South Wales Evening Post. 29 April 2010. Retrieved 5 July 2010.
  4. ^ "Swansea Building Society". Swansea City Football Club. Retrieved 5 July 2010.

External links[edit]