The Swansea Building Society 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. The chief executive is Alun Williams.
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. In May 2010, the society launched a savings account in partnership with Swansea City A.F.C., earning the club additional revenue through commission.
Famous quotes containing the words building and/or society:
“Writing a book I have found to be like building a house. A man forms a plan, and collects materials. He thinks he has enough to raise a large and stately edifice; but after he has arranged, compacted and polished, his work turns out to be a very small performance. The authour however like the builder, knows how much labour his work has cost him; and therefore estimates it at a higher rate than other people think it deserves,”
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Cannot amend me; society is no comfort
To one not sociable. I am not very sick,
Since I can reason of it.”
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