Founded 1923 | ||
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Industry Banking and Financial Services Key people Alun Williams, Chief Executive Products Savings, Mortgages, Investments,Loans, Insurance Net income £533,000 GBP (December 2007), 18.2% on 2006 Total assets £120 million GBP (December 2007), 8.1% on 2006 | ||
The Swansea Building Society, (Welsh: Cymdeithas Adeiladu'r Abertawe), 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.