Hinckley and Rugby Building Society was formed in 1983 by the merger of Hinckley Permanent
Building Society, which was founded in 1865 and Rugby Provident Building Society which was established in 1861. The head office
address is Hinckley & Rugby Building Society, 81 Upper Bond Street, Hinckley, Leicestershire, LE10
They have 11 branches and 6 agencies.
They offer a number of products including
Tracker Mortgages, Discount Mortgages, Fee Free Mortgages, Flexible Mortgages, Offset Mortgages, Capped Rate Mortgages, Fixed
Rate Mortgages, Buy to Let Mortgages and Standard Variable Rate.
Accounts- Fixed Rate Accounts, Easy Access Savings Account, Notice Accounts, ISA Accounts, Savings Bonds, Over 50s Accounts,
Postal Accounts, Children's Accounts and Affinity Savings Accounts.
the year ended 30/11/2010 The Financial Results for Hinckley & Rugby Building Society were 2009 figures in (brackets)
Profit £164,000 (£280,000)
Assets £585,728,000 (£644,203,000)
Executive Directors Pay £306,000 (£384,000)
Executive Directors Pay £169,000 (£167,000)
is very noticeable with the results is how much pay the directors are taking compared to the societies profits and it is unusual
to have a building society where directors pay is greater than the annual profits. The results also included a 1.2 million
pension credit and without this they would have shown a loss for the financial year.
During the year the Loughborough Building Society had mortgage applications net of cancellations of £48
million Management expenses as a percentage of mean total assets fell to
0.53% from 0.77% the previous year.