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The Vernon Building Society was formed in 1922 and of the 12 Building Societies founded
in the town, the Vernon Building Society is now the only local Building Society serving the Stockport area Head office address
is Vernon Building Society, 19 St Petersgate, Stockport, SK1 1HF.
They have branches at 12b Woodford Road, Bramhall, Stockport, SK7 1JJ. 141/143 Castle Street,
Edgeley, Stockport, SK3 9AR. 190 London Road, Hazel Grove, Stockport, SK7 4DQ. 1, The Ridgedale Centre, Hollins Lane, Marple,
Stockport, SK6 6AW. 87 Park Lane, Poynton, Stockport, SK12 1RD and 4 Gorton Road, Reddish, Stockport, SK5 6AE.
They offer a number of products including
Mortgages-
Discount Mortgages, Offset Mortgages, First Time Buyer Mortgage, Fixed Rate Mortgages, Flexible Mortgages, Equity Release
Lifetime Mortgage, Commercial Mortgages and Buy-to-Let.
Savings
Accounts- Instant Access account, Premium Plus notice account, Cash ISA, Optim ISA, 50+ Reward - for over 50’s, Regular
Saver Reward, Base Rate Tracker Bond, Homebuilder - regular savings, First Class Postal, Sure Start - under 16's, Advantage
- 16 - 20 year olds, Charities, Clubs & Associations, Business Reserve and Limited Company Reserve savings account.
Insurance-Home Insurance, Legal & General Life insurance and Travel Insurance.
For the year ended 31/12/2010 The Financial Results
for Vernon Building Society Group were 2009 figures in (brackets)
Profit
£932,000 (£497,000)
Assets £247,080,000 (£245,810,000)
Executive Directors Pay £220,000 (£206,000)
Non Executive Directors Pay £107,000 (£105,000)
During the year the Vernon building society advanced £28.8 million and 228 mortgages were
completed. Arrears were 0.54% and the building society had no mortgage accounts that were 12 months or more in arrears.
Ratio of management expenses to mean assets increased to 1.12% from
1.06%.
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