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The Staffordshire Potteries Economic Permanent Benefit Building Society was founded
in October 1854. The name was shortened in 1930 to Hanley Economic Building Society.
Today the head office is The Hanley Economic Building Society, Granville House, Festival Park, Hanley,
Stoke-on-Trent ST1 5TB and branchs are available at Biddulph, Festival Park (situated within the Head office Building), Hanley,
Longton, Newcastle and Stone.
Hanley supplies a range of mortgages,
savings accounts, home insurance, travel insurance and life insurance.
Results Year Ended 31/08/2010 (2009)
Profit £727,000 (963,000)
Total
Assets £334,653,000 (£349,495,000)
Non Executive
Directors Pay £114,000 (£110,000)
Executive
Directors Pay £338,000 (356,000)
Mortgage advances
for the year were £23 million (£32 million) and 0.66% of mortgages were 3 months or more in arrears (20 cases
out of 3,043 mortgages). One home was reposed during the year and only 66 borrowers were in arrears in total.
The proportion of wholesale funding dropped from 10.13% in the previous year to 6.16%
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