Jump to content

Cumberland Building Society

From Wikipedia, the free encyclopedia

This is an old revision of this page, as edited by 95.145.54.77 (talk) at 22:10, 10 October 2016. The present address (URL) is a permanent link to this revision, which may differ significantly from the current revision.

Cumberland Building Society
Company typeBuilding Society (Mutual)
IndustryBanking and Financial Services
Founded1850
HeadquartersCarlisle, England, UK
Number of locations
34
Key people
Kevin Parr, Chief Executive
ProductsSavings, Mortgages, Investments,
Loans, Financial Services, Insurance
£6.16 million GBP (March 2013)
Total assets£1.70 billion GBP (March 2014) [1]
Members160 338 (March 2014) [1]
Number of employees
502
Websitewww.cumberland.co.uk

The Cumberland Building Society was established on 16 April 1850 as the Cumberland Co-operative Land and Benefit Building Society. It has its headquarters in Carlisle, Cumbria, England. It is the 20th largest in the United Kingdom based on total assets of £1.55 billion as at 31 March 2013.[2] The first branch was opened 100 miles south of Cumberland in Preston, Lancashire. It is a member of the Building Societies Association.

The society offers a range of products including: savings accounts; mortgages; investment accounts; loans and further loans; financial services; insurance products; lending to commercial enterprises, through the Commercial Lending division; and Internet Banking.

The society owns several subsidiary companies, including Cumberland Estate Agency Ltd Cumberland Financial Services Ltd and Solway Mortgage Solutions.

Other than Nationwide Building Society, Cumberland is the only other society to offer a full current account service with ATMs, Visa cards and Internet Banking. It also offers fee-free foreign currency transactions. In 2014 the Cumberland became the first UK building society to offer a mobile payments service linked to a mobile phone number, called Pay2Mobile. It became part of the national Paym mobile payments service later that year.[3]

Branch locations

Ambleside, Annan, Appleby-In-Westmorland*, Aspatria, Barrow in Furness*, Brampton*, Carlisle*, Cleator Moor, Cockermouth*, Dalston, Dumfries*, Egremont, Gretna, Haltwistle, Kendal*, Keswick*, Lancaster*[4] Langholm, Lockerbie, Longtown, Maryport, Penrith*, Preston*, Silloth, Ulverston*, Whitehaven*, Wigton, Windermere, Workington*,

  • * Denotes estate agents as well

References

  1. ^ a b Company Profile: Cumberland Building Society
  2. ^ Building Societies Association - Asset List (PDF File)
  3. ^ "Cumberland Ready For National Mobile Payments Service Launch". Cumberland Building Society. 21 March 2014.
  4. ^ "Cumberland opens in Lancaster". Cumberland Building Society. 21 January 2013.