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:
“Are we not madder than those first inhabitants of the plain of Sennar? We know that the distance separating the earth from the sky is infinite, and yet we do not stop building our tower.”
—Denis Diderot (1713–1784)
“A society in which everyone works is not necessarily a free society and may indeed be a slave society; on the other hand, a society in which there is widespread economic insecurity can turn freedom into a barren and vapid right for the millions of people.”
—Eleanor Roosevelt (1884–1962)