Marsden Building Society News.

February 2012 - Marsden Building Society have been able to support the North West Air Ambulance through their affinity savings scheme which was launched in 2009.  With the support of customers who have opened affinity accounts they have been able to donate £52,000.00.

Marsden Building Society.

Marsden Building Society was formed in 1860 Head office address is The Marsden Building Society head office is 6-20 Russell Street, Nelson, Lancashire, BB9 7NJ.  

They have branches at Barrowford - 116-120 Gisburn Road Barrowford Nelson Lancs BB9 6EW, Blackburn - 74 King William Street Blackburn BB1 7DT, Burnley - 88-90 St. James Street Burnley Lancs, B11 1NJ, Colne - 21 Albert Road Colne Lancs BB8 0RY, Nelson - 16-18 Manchester Road Nelson Lancs BB9 7EG and St Annes - 17 Wood Street Lytham St. Annes Lancs FY8 1QR.

They offer a number of products including

Mortgages- Offset mortgages, Members reward mortgages, Discount rate mortgages, Fixed rate mortgages, Buy to Let mortgages, Tracker rate mortgages and Standard variable rate.

Savings Accounts-Easy access, Tax free Savings Accounts, Fixed Rate Bonds, Notice Accounts, Members Reward Accounts, Business, Affinity, Community, Direct savings, eSavings andRegular savings accounts.

Insurance- Home insurance and LV 50 Plus Life Insurance Plan.

For the year ended 31/12/2010 The Financial Results for Marsden Building Society were 2009 figures in (brackets)

Profit £450,000 (£627,000)

Assets £342,246,000 (£356,187,000)

Executive Directors Pay £399,049 (£441534)

Non Executive Directors Pay £140,723 (£138,851)

Mortgage lending in the year was £39.5 million and at the end of the year the marsdens mortgage balances reduced by £18.8 million to £245.5 million. Savings retail balances also dropped by £25.1 million to £270.1 million as the Marsden Building Society faced intence competition for retail funding.

marsden building society.