Skip to content

Dudley Building Society > News > Dudley Building Society Bigger Than Ever

Dudley Building Society Bigger Than Ever

Dudley Building Society Bigger Than Ever

25th June 2019

In its most successful year to date, Dudley Building Society has announced its year end results – with record volumes of lending and savings balances up by £26.6m in the year, taking overall deposits to a record £362.2m.

A pre-tax profit has been reported of £1,602,000 supporting a year-end total asset base of £438.5m and mortgage lending of £92.6m.

Chief Executive, Jeremy Wood said ”I am delighted with the progress we have made in the last year with record lending and increased profitability. Dudley continues to grow as can be seen by an increase in our workforce from 89 to 110.”

Jeremy continued “The Society is widening its coverage and just completed its most successful ISA campaign ever. The award we received in March – Customer Service Champion at British Bank Awards 2019 – was a very fitting acknowledgement of the effort we put into the service we provide to our members.”

The Society has historically championed underserved areas of the mortgage market such as Later Life Lending and has recently made significant traction by adopting a holistic approach to family lending, seeing parents supporting children and vice versa.

In the latter part of the year, in celebration of its 160th year anniversary, the Society made a bumper donation to the Black Country Food Bank and donated £4,000 to seven organisations across the Midlands as part of its annual Community Support Fund.

As the financial year came to an end, feedback received on independent review platform Smart Money People resulted in an overall satisfaction rating of 98% from Society members.

The Society continues to thrive and progress with continued system development, process enhancements and growing employee skills – ensuring it delivers above and beyond for its members for years to come.

Full details about the Society’s performance and supporting financial information can be found in the Member Review and Report & Accounts on the Society’s About Us page.

The Society’s AGM for members will start at 2:00pm on 18th July at Himley Hall, Himley, DY3 4DF

Supporting you through Coronavirus (Covid-19)

Find out more