|
Stafford Railway Building Society was formed in 1877 by a group of railway workers
who wanted a means of saving and financing new homes for themselves. Today the head office is Stafford Railway Building Society,
4 Market Square, Stafford, ST16 2JH.
Products available
include Savings Accounts & Mortgages.
Results Year
Ended 31/10/2010 (2009)
Profit £1,270,000 (£1,256,000)
Total Assets £193,958,000 (£175,004,000)
Directors Pay £280,800 (£270,100)
At the end of the financial year the Stafford Railway Building Society lent £26.8
million to mortgage borrowers of which £24.8 million was lent on 276 new mortgages and £2 million on further advances.
At the end of the year there were 4 mortgages accounts 12 months or more in arrears with the arrears being £23,000 and
capital balance £400,000.
A net interest margin
of £2.7 million was achieved (2009 £3.4 million) resulting in the figure of 1.45% (2009 2.03%) percentage of mean
assets.
|
