Loughborough
Building Society Company Information
About
The Loughborough Building Society Company
The
Loughborough Building Society was originally formed in 1867 by a
group of businessmen who ran the Society for the benefit of the
community, almost as a hobby. For the first 66 years of its existence,
the Society was run by the Cattell family from a Coal Merchants
office.
From
such humble beginnings, the Society has grown steadily, but has
always remained very much part of the local community. Head Office
moved to its current site in 1974, and 2 years later opened a branch
in Long Eaton. The office in Derby opened in 1988, and in 1996 Loughborough
branch was moved out of Head Office to its current premises at 4
High Street.
Today, the Society has total assets in excess of £180 million,
and continues to aspire to being the number 1 provider of mortgages
and savings for the East Midlands.
The Loughborough remains committed to continuing as a mutual organisation
as Chief Executive, Stephen Peete explains:
‘The Loughborough is a local Building Society, our aim is
to offer good value mortgages and investments to both existing and
new members. We believe that remaining as a mutual organisation,
without the additional cost of external shareholders, is the best
way to ensure the Society continues to grow and prosper’.
The Society introduces only to the Norwich Union Marketing Group,
members of which are authorised and regulated by the Financial Services
Authority, for life assurance, pensions and investments.
Head
Office
6 High Street
Loughborough
LE11 2QB
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