Chorley Building Society and Age UK Lancashire Announce Affinity Partnership
Chorley Building Society has launched a new affinity partnership with Age UK Lancashire. An affinity partnership with the Society enables savers to raise funds for Age UK Lancashire as Chorley Building Society will make an annual donation based on the overall balance held in its accounts.
Age UK Lancashire provides services across Lancashire and North Sefton and aims to help older people make the most of their lives. Their care services are available to help frailer older people or those who feel lonely or isolated whilst social groups, luncheon clubs, exercise classes, computer lessons, Home Help services and much more assist older people in remaining active, independent and linked into their local community.
Chorley Building Society also has affinity partnerships with Age Concern Central Lancashire, North West Air Ambulance Charity, Derian House, St Catherine’s Hospice, Galloways Society for the Blind and Chorley FC. Last year, all six affinity accounts were able to raise an outstanding total of £57,528.93.
Zoe Patterson, Marketing Manager at Chorley Building Society said, “It is fantastic that another charity is able to benefit from an affinity partnership with Chorley Building Society. Age UK Lancashire does a brilliant job for older people in the local community and we are very proud to provide an account which helps support their work”.
Deborah Kirkup, Age UK Lancashire said “we are very excited to be working with Chorley Building Society in this way again. Chorley Building Society are a valued supporter of our Charity, they have sponsored our staff and volunteer awards and raised money through local fundraising. We hope everyone will support this fundraising initiative which will help us to secure local services and support to local older people in Lancashire”.
Chorley Building Society is now active on Facebook, Twitter and LinkedIn. If you would like to keep up to date with the Society and its work in the community then please search for @ChorleyBS on Facebook and Twitter.
Chorley Building Society’s brand launch was a big success. The Society would like to thank Councillor Mark Perks, the Mayor of Chorley and Mrs Pat Haughton, Mayoress of Chorley for officially launching its new brand.
Pictured from left to right are Stephen Penlington, Chief Executive, Councillor Mark Perks, the Mayor of Chorley, Mrs Pat Haughton, Mayoress of Chorley and John Sandford, Chairman.
The new brand also comes with a fresh look in terms of uniform which can be seen below.
Chorley Building Society is now active on Facebook, Twitter and LinkedIn. If you would like to keep up to date with the Society and its work in the community then please search for @ChorleyBS on Facebook and Twitter.
Chorley Building Society’s New Brand
Chorley Building Society launched its new, modern brand at its Annual General Meeting on 23rd May. Councillor Mark Perks, the Mayor of Chorley, helped unveil the reinvented image of the oldest building society in Lancashire. The new brand not only marks a celebration of the Society’s 158 year old heritage, it provides an opportunity to express Chorley Building Society’s vision for the future.
Stephen Penlington, Chief Executive said: “Chorley Building Society’s heritage and tradition has helped us develop a new vision with the aim of becoming the provider of choice for savings and residential mortgages whilst remaining true to our mutual values. The Society is a modern mutual existing to satisfy our members and the rebrand helps reaffirm the Society as a trusted brand”.
Although Chorley Building Society’s brand, strapline and logo may have changed, its community value proposition remains a strong focal point of the new brand.
Stephen Penlington, Chief Executive said: “Chorley Building Society’s mission is to make a difference to the lives of our members and the local community. From February 2015 to January 2016, the Society paid over £27k to 30 local charities and community organisations alongside a further donation of £58k to the Society’s affinity savings account partners. By investing in the rebrand, Chorley Building Society is demonstrating its commitment both to Chorley and the local community.”
The rebrand compliments the Society’s strong financial performance which saw gross mortgage lending rise by 44% last year and a profit after tax of £1 million. This fresh look is only the beginning for the Society as members now benefit from a refreshed website along with member loyalty products. To complement this, the Society has launched a Facebook, Twitter and LinkedIn page to interact with its members online.
Easter Raffles Raise Over £300 for St Catherine’s Hospice
Chorley Building Society held two Easter raffles to help raise funds for its chosen charity, St Catherine’s Hospice. High St and Key House branches raised a total of £132 and the Leyland branch made an amazing £182 for the charity.
Congratulations to all of our winners and thank you to all of our staff and members who supported the raffles.
Pictured below is Mr Blogg who won Leyland’s Easter hamper.
St Catherine’s Hospice Easter Egg Donation
Staff at Chorley Building Society have collected and donated two Easter egg hampers and lots of individual chocolatey treats to St Catherine’s Hospice. One of the hampers is currently being raffled at the hospice’s newest shop in Longton. The rest of the Easter eggs will be given to patients to surprise their loved ones and also to families who have recently suffered a loss in the family.
Tickets are now available for the Society’s Easter raffle at our Key House and High Street branches.
1st Prize - Extra large Lindt chocolate bunny
2nd Prize – Easter egg hamper
3rd Prize – Mini Easter egg hamper
Our Leyland branch is also holding its own Easter raffle which offers a yummy selection of chocolate goodies.
Tickets are £1 per strip and all proceeds will be donated to St Catherine’s Hospice. The winning tickets for both raffles will be drawn on Wednesday 12th April.
Chorley Building Society’s 2017 Chosen Charity is Announced!
Chorley Building Society is delighted to unveil St Catherine’s Hospice as their chosen charity for 2017. The hospice provides palliative care for the people of Chorley, Preston and South Ribble. Staff at the Society selected St Catherine’s Hospice as their charity of choice to receive the benefits from their fundraising efforts. Chorley Building Society plan to hold a charitable event every month, from raffles to book sales and everything in between, to raise funds for St Catherine’s Hospice and help make a difference in the local community.
Charity Book Sale
On World Book Day, Chorley Building Society launched its own charity book sale to raise funds for St Catherine’s Hospice. There are no fixed prices, however it is suggested that staff and members donate £1 for paperback books and £2 for any hardback books.
The book sale is currently on offer at Key House on Foxhole Road and will relocate to the Society’s High Street branch on Friday 17th March until the end of the month.
Affinity Partnership Donations
Chorley Building Society was delighted to donate over £57,000 across its six affinity partners.
Through the affinity partnerships with Chorley Building Society, members support local clubs and charities through an annual donation made by the Society.
Zoe Patterson, Marketing Manager at Chorley Building Society, comments that “These annual donations are very important to our affinity partners as it helps them continue their great work and support to those who rely on their services. Chorley Building Society would also like to thank all of our members for their continued support of their affinity partnerships.”
Banking Made Easier - Drive Thru Facilities Available
Winter is well and truly here which means that the colder weather is setting in. Our Key House branch on Foxhole road offers a drive thru banking facility for all of our members. Please feel welcome to take advantage of this service during the colder months if you want to avoid the wintery conditions. The drive thru service is available all year around and is especially useful for elderly visitors and members with young children or pets.
Please note that the drive thru facility is solely available at the Key House Branch Foxhole Rd Chorley PR7 1NZ, between the hours of Mon-Fri 9am-5pm except Wednesday 9.45-5pm and Saturday 9am-12pm. The Society reserves the right to ask customers to come into branch to complete a transaction due to security purposes. Additionally I.D. must also be provided by customers when necessary to fulfil security measures. Maximum Daily withdrawals of £500 apply unless pre-ordered.
Chorley Building Society continued to follow their festive tradition of supporting Mission Christmas and the Chorley Foodbank throughout December. In addition, the Society was delighted to extend their efforts this year to the Leyland Foodbank by delivering food donations to St. Mary’s Church.
Chorley Building Society would like say a big thank you to all staff, local residents and businesses for their kind donations over the past month. Chorley Building Society’s Christmas grotto was generously filled with Mission Christmas gifts for children of all ages. In addition, the Key House branch smashed their target of collecting their mascot’s weight of 17 stone in food for the Chorley Foodbank.
Many employees of the Society decided to donate food items and toys instead of signing up to Secret Santa. Furthermore, a staff raffle was able to raise an amazing £106.50 which was spent on lots of Christmas gifts for local under privileged children.
Chorley Foodbank, Leyland Foodbank and Mission Christmas were all overwhelmed and very appreciative of every donation. Thank you again for working together to help make a difference in our local community.
Operation Mission Christmas
Chorley Building Society has signed up as a drop of point for the Mission Christmas Appeal. Mission Christmas donates toys to help disadvantaged children from 0-18. The society are appealing to their colleagues and the local community to pick up one extra present when they are out shopping to help put a smile on a child’s face this Christmas.
All 3 of our branches High St, Key House and Leyland are accepting gifts so feel free to pop in.
Chamber of Commerce celebrates Chorley Building Society’s dedication to business.
Award winning Chorley Building Society is delighted to celebrate recognition by the North and West Lancashire Chamber of Commerce who are celebrating 100 years in business by giving out recognitions to its 100 longest serving members.
The society started in Chorley in 1859 to help mill workers save to buy their homes and has been established for 157 years. We are proud to continue this tradition by providing attractive savings and mortgage products to the local and wider community.
Chorley Building Society wins prestigious Industry Award
At the 'Build It' Magazine awards ceremony held on the 22nd September 2016, Chorley Building Society was voted 'Best Self Build Lender' for the year 2016.
Stephen Penlington, Chief Executive Officer said; "We were delighted to have been short-listed for this coveted industry award and to be announced as the overall winner of the Best Self Build Lender category was a terrific achievement.
One in three homes in the UK is built by self-builders and the Society plays a key role in the self-build market. This award is recognition of our attractive product range, the high quality of our service standards and the specialist expertise in our mortgage team."
Supporting Derian House
Our chosen charity for the year is Derian House and Derian’s fundraising theme this year is ‘Derian Dreams’. Derian House provides families with the opportunity for additional respite care and for many it will be the only opportunity to get a good night’s sleep. Due to the nature of their child's illness, most of their parents seldom get a full night’s sleep. This often impacts on the whole family, siblings being tired at school and underperforming, parents being completely run down and lethargic. Through the money raised from ‘Derian Dreams’ Derian House can help to take these pressures away, even if it is only for one extra night.
We are proud to support Derian Dreams and in keeping with the theme recently launched a ‘win a duvet day’ raffle for all of our staff. Staff could buy a £5 raffle ticket to be in with the chance of winning a day off. The winning staff member, David from our IT department, will be taking a day off to stay at home tucked up under his duvet!
The raffle raised a fantastic £145 which will be donated to Derian House to support their 'Derian Dreams' campaign.
Charity Swim for Derian House
Our very own Customer Adviser, Gill Cinar, has recently raised a fantastic £330 for Derian House, the Society's chosen charity for 2016.
Gill completed the Great North Swim in Windermere on the 12th June (a 2 mile swim) and the Great Manchester Swim in Salford Quays on the 2nd July (a 1 mile swim)!
Situated in the heart of Lancashire, Derian House is renowned throughout the region as being at the forefront of children’s palliative and respite care. Families who have a child with a life shortening condition can choose from a range of care and support services to meet their individual needs.
Chorley and all of its employees are proud to support such a worthy cause. Well done Gill!
Last Choir Singing
Tarleton Community Primary School has been crowned Last Choir Singing 2016 Winner – winning Lancashire’s foremost school singing competition title at the Grand Final event held at King George’s Hall on 17 June.
Over 1,500 singers from 50 school choirs entered the competition this year in heats, which took place across the County. Ten finalists were whittled down from five heats to make it to the Grand Final. We are proud to have sponsored this worthwhile event and the photos show Tracy Smithson, Savings Manager, presenting the prize to the winners. Well done Tarleton Community Primary!
Chorley in Bloom
Planting of the Chorley BS sponsored barge ready for the Chorley in bloom final 20th July.
Launch of new Chorley Online service
Many members will be familiar with the U-2-View service for viewing savings and mortgage account balances and historical transactions.
U-2-View will be replaced by a new service – Chorley Online – on Monday 23 May 2016.
Chorley Online will initially provide the same services as U-2-View and in the coming months we’ll be introducing additional functions such as transferring money between savings accounts.
All the existing details will be transferred over to Chorley Online – including your user ID and password, and also all your historical account details. Existing U-2-View members do not need to register with the new service as your current details will be valid for Chorley Online.
To access Chorley Online – simply access the new site from the ‘My Account’ tab from Monday 23 May 2016 and enter your existing U-2-View details.
Please note that if you have saved an ‘internet favourite’ with a link to U-2-View, you should replace this with the updated link from the ‘My Account’ tab.
New members who wish to have access to Chorley Online to view their savings and mortgage accounts simply need to follow the registration screens to sign up for Chorley Online.
Please note as part of the refresh and transfer to Chorley Online, the U-2-View terms and conditions for access to the service have been superseded by the Chorley Online terms and conditions. These are available here
Pals on Parade Concert
Chorley Building Society is proud to promote the forthcoming Pals on Parade Concert in support of Chorley Pals Memorial and Leyland Brass Band which takes place on Saturday 2nd July. Details of where to purchase tickets can be found below and in our branches.
Chorley in Bloom
Chorley Building Society is proud to sponsor a Barge shaped planter in partnership with Chorley in Bloom, to celebrate the 200 year anniversary of the Leeds/Liverpool Canal.
Easter Raffle Winner
Congratulations to Mr. Snow, the winner of the large chocolate hamper!
A big thank you to everyone involved, we have managed to raise a fantastic £422 for Derian House with the Easter Raffle and colouring competition.
Special thanks to Tesco Buckshaw and those members of staff who donated prizes.
Chorley BS Relaunches Product Range & Removes Maximum Age Limit
Chorley Building Society has revamped its product range and the changes include reducing rates, introducing fee assist and cashback products as well as the removal of maximum age limits from its entire product range.
Chorley Building Society Business Development Manager, Julie Goodwin says: “The changes are a result of the feedback we have received from our brokers. Here at Chorley Building Society we place our customers and members at the heart of our business and aim to take a flexible common sense approach to mortgage lending. We manually underwrite all of our mortgage applications which means we are able to assess each application on its individual merits. So when it was suggested by our brokers that clients were in need of increased but simplified product options we have listened to their suggestions and made amendments, to not only our product range but also to our lending criteria insuring increased access to mortgage finance. The changes to our portfolios have seen an increase in product types, reduced interest rates on a number of products and a removal of the maximum age limit.
As a responsible lender, it’s important that we meet the needs of our members both present and future and in particular we believe that age should not be a barrier. As a responsible lender we feel that cases from older borrowers offer no more risk than younger ones. We consider all borrowers to be equally worthy of consideration, and opening up our entire product range to older borrowers demonstrates that we do not discriminate by age.”
In addition to the above improvements, the Society now accepts properties above four stories and has a flexible approach to interest only lending and will accept downsizing as a potential repayment vehicle with each case being individually underwritten on its own merits. It is important for us at Chorley Building Society to take the time to listen to what our brokers and members need from a mortgage lender. That is why our proposal is driven by delivering outstanding service and offering a fair and common sense approach to mortgage lending.
Details of the new product range can be viewed on the intermediary page or brokers can speak directly to an underwriter on 01257235001.
Chancellor of the Exchequer, George Osborne on Help to Buy: ISAs
The Chancellor said: "Last year I announced further help for first time buyers with the new Help to Buy: ISA and I’m delighted that a quarter of a million people have already taken advantage. It is all part of our plan to back working people who are doing the right thing and saving for their first home."
This week, Chorley Building Society becomes 15th banking brand to sign up to offer Help to Buy: ISAs
Thank you from Mission Christmas and Chorley Food Bank
Throughout December Chorley Building Society have been proudly supporting Mission Christmas and Chorley Foodbank.
Mission Christmas encourages listeners of Rock FM to buy an additional Christmas present for an under privileged child in our local area. Chorley Foodbank work to alleviate poverty and feed people in crisis with no financial safety net within the Chorley Borough and ask for donations of imperishable items.
Staff at all 3 branches really got behind both causes and chose to donate toys and food items rather than sending Christmas cards to their colleagues and added items to their normal weekly shops to donate.
Our members and other local businesses also donated generously to the causes for which we are very grateful.
Mission Christmas and Chorley Foodbank were both so grateful for our donations and we have been overwhelmed by the generosity of all those who have donated and helped make a real difference in our local community. Thank you!
Proud to support Mission Christmas and Chorley Food Bank
We are proud to announce that in the run up to the festive period we will be supporting Mission Christmas and Chorley Food Bank.
Mission Christmas encourages people to buy an additional Christmas present for an under privileged child as it is estimated that at least 1 in 5 children in Lancashire currently live in poverty. All 3 branches will be acting as drop off points for donations from both staff and customers.
We are also championing the Chorley Food Bank. Did you know that 13 million people in the UK are living below the poverty line, including 3 million children. Many struggle to put food on the table, thousands simply go without. There are many living in the Chorley Borough who may be living in hidden hunger.
So how can we help? If everyone could pick an extra couple of tins up each week we would make such a big difference to so many in Chorley.
Again all 3 branches will be accepting donations from both staff and customers for this excellent cause.
Visit from Father Christmas
Father Christmas and his little helper are visiting Key House on Saturday 12th December 2015 between the hours of 10am-12 o'clock!
Reserve your place at Santa's grotto on this fun and exciting day by contacting our savings department on 01257 235003
£1 Donation is greatly appreciated and all proceeds will go to Derian House, our chosen charity for 2015.
Come down to Victory Park this Saturday to support the Magpies!
We’re down at Victory Park this weekend as the match sponsor to support our local football team Chorley FC against Brackley Town.
To mark the occasion we are running an exclusive promotion for a limited time only for the first twenty-five Chorley FC supporters aged 16 years or over to receive a £5 credit if they successfully apply to open a new Chorley FC Easy Access Affinity Account - account conditions apply.
At the match we are also running a prize draw for one entrant to win a prize pass for two people to be guests of Chorley FC for an upcoming league game in the sponsors lounge. Both the promotion and the prize draw will run at Victory Park between 13:30 – 15:15 on Saturday 31 October 2015.
Promotion conditions and prize draw rules apply see here
Macmillan Coffee Morning
Come and join us at one of our branches on Friday 25th September 2015 and support Macmillan Cancer Support! There will be plenty of cakes and goodies on sale to enjoy and the money raised will help make sure no one has to face cancer alone!
Each of our branches will be holding the event from 9.00am until 1.30pm and our Key House branch will be holding a tombola with lots of prizes up for grabs.
So come along and join us in the world’s biggest coffee morning!
Come to Victory Park to support your local team !
We’re down at Victory Park this weekend to support our local football team Chorley FC as they kick off the season in their first match against Nuneaton Town.
To mark the occasion we are running an exclusive promotion for a limited time only for young Chorley FC supporters to receive a £5 credit if they open a new Chorley FC Easy Access Affinity Account - account conditions apply.
At the match we are also running a prize draw for one lucky supporter to win a prize - to be the Chorley FC mascot at a future match! Both the promotion and the prize draw will run at Victory Park between 13:30 – 16:30 on Saturday 8 August 2015.
Promotion conditions and prize draw rules apply see here.
Derian House and Chorley Building Society Announce Partnership
Chorley and District Building Society has launched a new ‘Affinity Account’ to enable savers to raise funds for Derian House Children’s Hospice, which is based in Astley Village.
The Society, which last year launched a similar account to benefit Chorley Football Club, has chosen Derian House as its Charity of the Year, and will make an annual donation to the hospice. The payment will be calculated on the daily balances held in the account, meaning the more money people deposit, the greater the benefit to the charity.
Georgina Cox, Derian House Chief Executive Officer, said “We’re thrilled to be in partnership with Chorley Building Society and are so pleased that they’ve nominated us as their Charity of the Year. Our work here at Derian House makes a huge difference to people’s lives, and we need to raise £3.5m annually to continue doing it. We are very grateful for the support of local businesses, because it makes a huge difference to the lives of our children and their families.”
Stephen Penlington, Chief Executive of Chorley and District Building Society, said “We’re delighted to be supporting Derian House, and it’s a real privilege to play a part in helping them continue their fantastic work. Affinity Accounts are becoming very popular because they enable people to support local good causes, and we hope the community will get behind us.”
For more information on the account, call Chorley & District Building Society on 01257 235003 or visit www.chorleybs.co.uk.
Derian House receives around 5% government funding each year, and needs to raise the rest through fundraising and corporate partnerships.
More information about Derian House can be found on their website www.derianhouse.co.uk
You can also follow them on:
Twitter - @DerianHouse
Chorley & District Building Society installs life saving equipment
An Automated External Defibrillator (AED) has been purchased by Chorley and District Building Society and installed in a purpose-built cabinet outside the Society’s Head Office to ensure that it is accessible to all. The AED can be used by anyone, irrespective of whether they have had any first aid training or not, as the machine will talk the user through the whole procedure.
Defibrillators are now becoming a way of life with more people having heart problems. Having an AED available during a cardiac arrest will give a person a better chance of survival outside hospital, which is why strategically placed devices are invaluable within the local community.
Chief Executive of Chorley & District Building Society Stephen Penlington says, “It’s fantastic that the community can now benefit from this specialist equipment. As we are situated in a central location in Chorley we thought that this would be an ideal location for a publicly accessible defibrillator. As a local Building Society we are delighted to be supporting the local community in this way and to be raising awareness about this life saving equipment”.
Cheryl Pickstock from North West Ambulance Service NHS Trust says, “A defibrillator is very important in the treatment of a cardiac arrest. Out of hospital cardiac arrests occur unexpectedly at any age and any time and without early defibrillation, the chance of surviving a cardiac arrest is very low. An AED is needed to revert the heart arrhythmia that causes someone to go into cardiac arrest and if an AED is used quickly, this will significantly increase their survival rate. It’s been great to support Chorley and District Building Society and assist in the placement of this community public access defibrillator, which can be accessed when someone dials 999”.
Chocolate Lindt bunny up for raffle, along with it's cuddly counterpart (Generously donated by Amanda Derbyshire). tickets purchasable from any of our branches for £1 each, with the proceeds going to support the children's hospice Derian House, Chorley Building Society's chosen charity for 2015. Raffle ends 30th March.
Charities receive affinity account funds
Generous savers who have chosen to open affinity accounts with Chorley Building Society have raised money for local causes.
Pictured below is Julie Goodwin, our Business Development Manager with Foxley our mascot, as they deliver the cheques.£2,919.99 for Ace Concern UK
£3,649.19 for Galloway's Society for the blind
£10,825.44 for North West Air Ambulance
£19,806.11 for St Catherine's hospice
Christmas Hamper Raffle in aid of St. Catherine’s Hospice
Tickets are now available for the Society’s Christmas Hamper Raffle. The hamper contains lots of lovely Christmas treats such as chocolates, biscuits, Christmas cake and wine.
Tickets are £1.00 per strip and can be purchased from any of our branches. The draw will take place on Friday 19th December and all proceeds will be donated to St. Catherine’s Hospice. Please dig deep to support such a worthy cause.
Update 19/12/2014: Draw now closed, The raffle raised £83.00 in aid of St. Catherine’s Hospice, many thanks to all those who entered.
Customer Notice – Maximum Investment Holding Increase
With effect from the 1st September 2014, the maximum investment holding by any one person in respect of all savings accounts will be increased from £350,000 to £450,000*. We have amended section 11.3 of our Savings Account Terms and Conditions booklet to reflect this new change. Copies of the Savings Account Terms and Conditions booklet are available upon request in branch or by calling us on 01257 235003. Alternatively the booklet is also available on our website, here.
*Any investments you hold above the £85,000 limit are not covered by the FSCS. Please ask for further information or visit www.fscs.org.uk
New Chorley FC Affinity Account
Chorley & District Building Society has launched a new affinity savings account in partnership with Chorley Football Club which will generate annual payments to help support the Magpies.
The Chorley & District Building Society, Chorley FC Affinity Account offers savers an attractive rate of interest and easy access to their savings whilst also generating an annual cash payment from the Society’s own funds - not from the savers’ money - based on the capital balance in the affinity account. So the more supporters save, the more the Society donates to Chorley FC.
Chief Executive of Chorley & District Building Society Stephen Penlington says, “As a community Building Society we are committed to supporting the local community and are delighted to launch this savings account in partnership with Chorley FC to support our local football club.”
Chorley FC Director Jeremy Lee says, “We thank the Chorley and District Building Society for their continued support to Chorley Football Club with this new initiative. We are very pleased to have a number of their team at the Chorley Versus Brackley game this Saturday when the new Affinity Account will be launched. This is another wonderful example of local businesses working together in the Community”.
The Christie opens their new Palatine Treatment Centre
The Christie has been pioneering cancer research breakthroughs for over 100 years and is the largest cancer centre in Europe. Treating more than 40,000 patients each year, they were the first UK centre to be officially accredited as a comprehensive cancer centre. Based in Manchester, with radiotherapy centres in Oldham and Salford, the Christie are a national specialist treating 25% of our patients from around the country.
The Christie have recently previewed their new £12 million Palatine Treatment Centre to sponsors and visitors alike, the treatment centre will house their teenage and young adult services and the haematology and transplant unit.
Many donors and fundraisers have managed to raise in total £10 million towards the Treatment Centre, Chorley Building Society is immensely proud to be one of these fundraisers and are privileged to appear on the Treatment Centre’s fundraising plaque.
What the Mortgage Market Review means for you
You may well have heard that all lenders across the country have been ‘forced’ into making major changes to their lending and sales practices as a result of the Mortgage Market Review (MMR), which is being implemented by the industry’s regulator, the Financial Conduct Authority (FCA).
I am pleased to advise that, at the Chorley, we have been taking a common sense approach to mortgage lending for quite a while, in anticipation of these new rules. So, the good news is that any changes we have had to make to our procedures as a result of the MMR are minimal. It is business as usual at the Chorley.
The aim of MMR is to sweep away some of the less responsible lending practices that were evident in parts of the industry. The primary objective of the MMR is to ensure that people only get mortgages they can afford, both now and in the future.
( The FCA has published a guide to the new rules: ‘Getting a Mortgage’ which is downloadable from: www.fsca.org.uk)
Specifically, the MMR rules require all lenders to assess whether customers can comfortably afford the mortgage for which they are applying. As a consequence, the Society is required to carry out an affordability assessment, which will involve an analysis of their income and expenditure. We are also required to ’stress test’ their monthly mortgage payments to ensure they will still be able to afford them, if interest rates rise in the future, as we have been doing for some time.
Unlike some lenders, every mortgage application we receive is individually assessed. From the initial ‘decision in principle’ to the ‘offer of advance’, our team of experienced and knowledgeable Advisers and Underwriters ensure that each mortgage enquiry we receive is considered on its own merits. We do not use automated systems to produce a credit score. We do not ask a computer to make the decision.
Also, by taking ownership of each individual application, we can do our very best to ensure that it proceeds to completion without any unnecessary delays.
MMR is designed to give the public better protection. Here, at Chorley Building Society, we think that this is a great step in the right direction and we will continue to do everything we can to ensure the experience of applying for a mortgage with us is a very positive one.
CBS results for the financial year ended 3rd February 2014
Chorley and District Building Society is reporting record profits, record levels of capital, record savings balances, record mortgage balances, continued strong mortgage lending, a rise in membership and growth in total assets to £210.5m. The Society has once again managed simultaneously to accomplish its key strategic goal of achieving balance sheet growth whilst at the same time enhancing its capital strength.
- Profit before tax of £2.2m (2013: £797k)
- Profit after tax of £1.7m (2013: £583k)
- Asset growth of 8% (2013: 11.3%)
- Mortgage balances up 8.4% to £159.6m (2013: £147.3m)
- Savings balances increased by 11.8% to £186.7m (2013: £167m)
- Capital increased by 13.7% to £14.3m (2013: £12.5m)
- Strong liquidity ratio of 24.8% (2013: 24.9%)
- Management expenses ratio decreased to 1.20% (2013: 1.25%)
- Member growth of 0.7% (2013: 1.5%)
- Reduction in the value of cases in arrears of 20.7% (2013: 23.9%)
- No properties in possession at the year end (2013: nil)
- Average loan to value ratio of the mortgage loan book: 50%
- 99.2% of the total loan book is secured on residential property (2013: 99.1%)
Chief Executive & Director
Raising money for St. Catherine’s Hospice!
Eloise Stack a member of the Chorley Building Society Charity Committee is hoping to raise money for our chosen charity of 2014, St. Catherine’s Hospice, by taking part in a sponsored 15,000ft tandem skydive!
Eloise said “I’m currently going round all my friends, family and co-workers for sponsors in the effort to raise lots of money for such a worthy cause and I’m hoping our customers can help me too! I’ve visited St. Catherine’s Hospice and I cannot stress enough how much hard work they put in to give their residents such a quality of life and of course this comes at a cost. I’m raising funds so they continue their fantastic work! I’m terrified of heights so this is no mean feat but it’s well worth it”
Update: The jump was completed successfully after a few weather delays, Eloise thanks all those who supported her and donated to St. Catherine's Hospice.
CBS achieves healthy workplace award
The Society has been commended for demonstrating its commitment to the health and wellbeing of its employees by receiving a Simplyhealth Healthy Workplace award.
Provided by healthcare provider Simplyhealth, the Healthy Workplace awards recognise the contribution that UK organisations, in both the private and public sector, make to the welfare of employees. Winners of the award provide employees with a range of initiatives and benefits that help to keep their workforce motivated and healthy.
Chief Executive Stephen Penlington said “we are delighted to have received this prestigious award. As a caring employer one of our core values relates to investment in our people and this commendation reflects all our hard work to achieve this standard.”
Howard Hughes from Simplyhealth remarked “We run this award scheme because we want to recognise and encourage companies to care about the health of their people. We believe that companies can make a positive contribution to the health of our nation. Congratulations to Chorley and District Building Society on achieving Simplyhealth Healthy Workplace status and demonstrating that the health and wellbeing of its employees is fundamental.”
For further information about Simplyhealth please visit www.simplyhealth.co.uk
CBS supports Leyland Band
Chorley and District Building Society is delighted to join forces with Leyland Band. The Leyland Band was established in 1946 in the heart of industrial Lancashire. Now an independent group of thirty musicians and ‘National Champions of Great Britain’ the Band continues to remain proud of its local connection. The band’s association with the Chorley and District Building Society name and our own strong presence in the local area provides a natural bond and the Society is delighted to support Leyland Band through the sponsorship of their forthcoming local concerts.
Christmas events in aid of St. Catherine’s Hospice
On Friday 20th December the Chorley Building Society Charity Committee held a Christmas Extravaganza for staff members. A raffle was held where there was a prize to be had for every winner from a bottle of Moet and Chandon champagne, a £50.00 jewellery voucher to booby prizes such as an ice scraper! Staff also took part in the annual Christmas Quiz and all in all the Society raised a fantastic £134.15 in aid of St. Catherine’s Hospice!
CBS wears it pink in aid of The Breast Cancer Campaign
On Friday 25th October 2013 staff members at Chorley Building Society joined forces with The Breast Cancer Campaign and donned their best pink clothes to raise funds for this very worthy cause. A raffle and bake sale were also held on the day and the Society managed to raise a fantastic £128.70!
The Breast Cancer Campaign funds some of the world’s innovative breast cancer research projects. One in eight women in the UK will be diagnosed in their lifetime with breast cancer so the research that is undertaken is vital in the fight to beat breast cancer. We are very proud to be a part of this cause and we shall continue to keep supporting it in future years to come!
Flower show at the Gardening Society
Chorley & District Gardening Society held their 129th annual flower show on Saturday 14th September. The show, held at Chorley Methodist church, was well attended and had over 100 more entries than last year. Members of the local community exhibited a range of entries from flowers & vegetables to confectionary & crafts on a sunny Saturday afternoon.
Chief Executive, Stephen Penlington was delighted to be asked to attend and present the prizes. The Prestigious Harley Trophy for the most points in horticultural classes went to Jim Bennett (pictured here). Peter Walker won the Corless Cup for veg, alongside his joint win of the Baxi Cup for the flower classes. Conner MacDairmid won the CH Lowe Trophy in the children’s section.
For more information on membership, meetings and future shows visit:http://www.chorleygardeningsociety.co.uk or contact David Brown, Chairman on 01257 450023
Buckshaw Village Hockey Club
The Society recently attended the launch of the Leyland & Chorley Hockey Clubs youth programme event at Buckshaw Village. The Society is one of the youth clubs main sponsors and presented the club with a cheque for £1,000 towards the development of the youth section.
Chief Executive, Stephen Penlington presented the cheque to Neil McManus, the Junior Development Officer, and Alison Clewlow, the Club Welfare Officer, stating that he was delighted to see how well the youth training programme was progressing with so many youngsters involved in the junior section of the club.
Neil McManus was keen to announce how the money would be used by the club and how the partnership with such a high profile local business would make a difference, saying "the support from Chorley Building Society will allow us to purchase a new goalkeeping kit, new match shirts, training equipment and train new coaches. Hockey is an expensive sport to initially set up, so to have this freedom to provide all the equipment will allow us to keep the costs down to a bare minimum so we can encourage children from all backgrounds to take part in such a great sport. We are grateful to Chorley Building Society for such a great start, and it serves to underline the fantastic work the building society does for the local community.”
A great day for the club was rounded off in a friendly game against a team from Warrington when the 1st Men’s Team won 5-1.
To find out more about the club please visit: http://www.pitchero.com/clubs/leylandandchorley
Chorley staff wear denim on Jeans for Genes Day 2013!
On Friday 20th September, staff at Chorley Building Society left their suit trousers at home, donned their best denim jeans and made a minimum donation of £1 for the cause. Jeans for Genes Day raises money for Genetic Disorders UK, the charity that aims to transform the lives of children with genetic disorders. The Society is looking forward to supporting the cause in 2014 and beyond!
Fund Raising for St. Catherine’s Hospice!
Staff in all three of the Society’s branches and head office having been taking part in ‘dress-down days’ over the past few months in order to raise funds for the Society’s chosen charity of the year, St Catherine’s Hospice. All staff donate £1 and are able to ‘dress down’ for the day! A grand total of £125.00 has been raised so far and the Society is planning many more fund raising activities to continue to raise money for this worthy cause.
Long Service Award
Here at Chorley Building Society we like to recognise the achievements of our staff, especially in regard to commitment and longevity of service. The company is delighted to announce that a Long Service Award was presented to a member of staff at Head Office on 1st August.
Mortgage Adviser, Carol Wowk, was presented with her Long Service Award for 30 years of dedication to Chorley Building Society. Presenting the award, Lesley Pape, Deputy Chief Executive, described Carol as "a dedicated and committed individual that we are grateful to have as part of the Chorley".
Carol has witnessed the significant growth of the Society and worked both in our Branch network and Mortgage Department providing an invaluable service to many of our members.
Foxley’s Day out at Chorley Carnival!
On Saturday the 8th June 2013, Foxley, the Chorley Building Society mascot, set out for a day at Chorley Carnival collecting donations in aid of St. Catherine’s Hospice, the Society’s chosen charity for 2013.
After a 20 year absence the carnival returned to Chorley and was held in Astley Park. There was lots of fun to be had by all from fun fair rides, sweets and treats to dog shows and live band performances.
The day proved to be a hit and the Society raised £15.00 in aid of St. Catherine’s Hospice, so thank you to all the boys and girls who came to say hello to Foxley and kindly donated to the charity!
The Chorley Building Society’s Charity Committee is actively exploring ways of raising monies for St. Catherine’s Hospice and is looking forward to a year of successful fund raising!
Staff dress-down to raise funds for St. Catherine’s Hospice
Staff in all three of the Society’s branches ‘dressed-down’ on Friday 24th May in order to raise funds for the Society’s chosen charity of the year, St Catherine’s Hospice. A grand total of £46.00 was raised. Dress down days will continue to be held throughout the year to raise as much money as possible for this worthy cause.
Charity run for Motor Neurone Disease Association
The Society’s General Manager Customer Services, Kimberley Roby, took part in the Liverpool Spring 10k on Sunday 5th May to raise money for the Motor Neurone Disease Association. Kim raised a total of £1,100 which will be used by the Association to fund research into the disease and to provide support for people living with MND.
Charity week in aid of Age Concern North West
Staff in all three of the Society’s branches took part in an awareness-raising week for Age Concern North West. Staff held a raffle and donated takings to Age Concern, wore Age Concern t-shirts and promoted the work of Age Concern to its members.
St.Catherine's Hospice selected as our charity for 2013
Chief Executive Stephen Penlington said: “We asked our staff to nominate their local charity of choice for 2013 and I am delighted that St. Catherine's was their selection. It is a great privilege to be actively supporting such a worthy local cause."
Chorley Building Society welcomed Victoria Bamber, the Press and Publications Officer for the Building Society’s Association, on a day visit to the Society. Chief Executive Stephen Penlington said: "I was delighted to welcome Victoria on her first visit to the Society, Victoria was impressed with our unique drive through facility and the fact that we provide seats at every counter position in our branches, so that our members can be comfortable when visiting us, demonstrating our commitment to customer service."
CBS welcomes Mike Hume
Chorley Building Society has appointed a new Head of I.T. Mike Hume started with the Society on 2nd January 2013 and brings a wealth of experience in IT systems and development. Chief Executive Stephen Penlington said: " I am delighted to welcome Mike to the Chorley Building Society. This is a demonstration of our commitment to our continued investment in our IT systems and services for the benefit of our members and we look forward to the new services and improved operations that this appointment will provide."