We are pleased to announce the successful conclusion of our 171st Annual General Meeting (AGM). The meeting provided an opportunity to reflect on our strong financial performance over the past year and celebrate the progress we have made in serving our members and supporting the wider community.
For those who were unable to attend the meeting in person, a video recording of the AGM is now available to view at your convenience. We encourage all our members to watch and stay updated on the Society's developments, achievements, and future plans.
Watch our 171st Annual General Meeting here
Highlights of Our 2025 Annual Report and Accounts
We are proud to share some key achievements and financial results for the year ending 31st August 2025:
- Mortgage Balances: £387m
- New Mortgage Lending: £99m
- Total Assets: £489m
- Retail Savings Balances: £442m
- Operating Profits: £0.31m
These results demonstrate our financial resilience and ability to navigate economic challenges, ensuring we remain well-positioned for future growth and continued member support.
Community Commitment
We are incredibly proud of the positive impact we have made on the local community this year:
- Days of Volunteering: 204
- Charitable Donations :£64,000
- Rent to Own 100% Loan to Value mortgage for local people renting in Staffordshire
Looking Ahead
We remain committed to providing competitive savings and mortgage products while maintaining the values that have guided us for the past 171 years. Whether it’s supporting first-time buyers, self-build borrowers, or older generations looking to access equity, we are focused on delivering solutions that meet the evolving needs of our members.
Thank you to all our members for your continued trust and support. Together, we look forward to an exciting and prosperous year ahead.
Watch the AGM Video: To watch the recording of our 171st Annual General Meeting click here.
If you have any questions or would like further information on the Society's performance, please do not hesitate to contact us. Your feedback is invaluable as we continue to grow and serve our community.
AGM Voting Results
Below are the results of each of the resolutions.
- To receive the Annual Report and Accounts For 1,525 (99.2%) Against 13 (0.8%)
- To appoint Forvis Mazars LLP as Auditors For 1,512 (98.6%) Against 22 (1.4%)
- To approve the Directors’ Renumeration Report For 1,477 (96.9%) Against 48 (3.1%)
- For the re-election of Robert Michael Young For 1,497 (98.2%) Against 28 (1.8%)
- For the re-election of Susan Shardlow For 1,497 (97.8%) Against 33 (2.2%)
- For the re-election of Gillian Mary Davidson For 1,496 (97.8%) Against 33 (2.2%)
- For the re-election of Mark Edward Selby For 1,494 (98.0%) Against 31 (2.0%)
- For the re-election of Larne Payne For 1,498 (98.1%) Against 29 (1.9%)
