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:
“A building is akin to dogma; it is insolent, like dogma. Whether or no it is permanent, it claims permanence, like a dogma. People ask why we have no typical architecture of the modern world, like impressionism in painting. Surely it is obviously because we have not enough dogmas; we cannot bear to see anything in the sky that is solid and enduring, anything in the sky that does not change like the clouds of the sky.”
—Gilbert Keith Chesterton (1874–1936)
“The most remarkable aspect of the transition we are living through is not so much the passage from want to affluence as the passage from labor to leisure.... Leisure contains the future, it is the new horizon.... The prospect then is one of unremitting labor to bequeath to future generations a chance of founding a society of leisure that will overcome the demands and compulsions of productive labor so that time may be devoted to creative activities or simply to pleasure and happiness.”
—Henri Lefebvre (b. 1901)