Loughborough Building Society Explained

Loughborough Building Society
Type:Building Society (Mutual)
Foundation:1867
Locations:5[1]
Location:Loughborough, England
Num Employees:85 (2023)
Industry:Banking
Financial services
Products:Savings, mortgages, investments, insurance
Assets:£533 million GBP (Oct 2023)
£287 million GBP (Oct 2014)
Homepage:www.theloughborough.co.uk

The Loughborough Building Society is a UK-based financial services provider headquartered in Loughborough, Leicestershire.[2] In 2023 it reported assets of about £533 million.[3]

The Society was founded by local businessmen in 1867 as the Loughborough Permanent Investment, Land and Building Society, one of the new 19th century ‘permanent’ building societies. Unlike the original building society model, which had arisen in the English Midlands in the 1770s, these new societies were open to new members on an ongoing basis and not intended to terminate once each original member had purchased a house.

It is one of the five building societies based in Leicestershire, the others being Earl Shilton, Hinckley & Rugby, Market Harborough, and Melton.

As of 2023, the Society maintains four branches: in Loughborough, Derby, Long Eaton, and Anstey. There is also an agency in Southwell.[1]

External links

Notes and References

  1. https://www.theloughborough.co.uk/your-loughborough/branch-finder The Loughborough Building Society
  2. Web site: Loughborough Building Society . 13 March 2024 . Financial Conduct Authority Mutuals Register.
  3. Web site: 2023 Annual Report . 13 March 2024 . theloughborough.co.uk.