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The Melton Delivers Confidence in Uncertain Times
The Melton Group has reported another robust year of results with 4.2% growth in mortgages and 3.4% growth in savings, together with healthy profitability of £1.19 million before tax for the year ended 31 December 2019. The Society’s commitment to share 5% of its profits in support of the local community means the Society donated over £64,000 to local causes in Leicestershire, Rutland and Lincolnshire last year.
Key highlights for the year ended December 2019 include:
- £1.19m profits
- £74m new mortgages
- Capital reserves £40m
- Low level of complaints maintained
- Five industry awards
- High Net Promoter Score of +75.5
- Over £64,000 donated to local causes, including over £17,300 to the DRLAA
“Despite an ongoing fragile economy and uncertain political climate in 2019, the Society has performed well and remains focused on meeting the needs of its members for savings and mortgages,” said Martin Reason, Chief Executive, the Melton. “Last year we continued to invest in our people, branches and core systems to ensure we remain modern and relevant and our new subsidiary, Nexa, got off to a great start.
“Clearly 2020 is proving to be a challenging year as we endeavour to support our members during unprecedented times. Building Societies are considered an essential service and our branches have remained open to serve customers during the pandemic, albeit with reduced hours to protect the health of customers and staff. We are passionate about helping our community and believe our financial strength provides members with confidence in these uncertain times,” concluded Martin Reason.
The Melton has branches in Grantham, Oakham and Melton Mowbray and is a mutual building society providing both branch and online services with financial products including mortgages, savings and insurance and investment solutions.
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- The Melton Building Society Charitable Foundation Celebrates 25 Years of Making a Difference in the Community
- Melton Building Society joins the Keep Safe Scheme
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- Mutual House Transformation
- Three Leicestershire Building Societies Unite to Tackle Cost of Living Crisis
- Melton Building Society appoints local business to carry out Mutual House office revamp
- Melton Building Society Wins Again for Best Self Build Mortgage
- Melton Building Society supporting future olympic and Paralympic stars through SportsAid Partnership
- Melton Building Society partners with local charity to offer financial education training and free money management lessons in the community
- The Melton Supporting Future Olympic and Paralympic Stars through SportsAid Partnership
- Simon Taylor – One year in…
- Society Appoints First Female Chair of the Board
- 25 Years at the Melton
- Take a walk on the wild side with Leicestershire and Rutland Wildlife Trust
- Society Wins Best Local Building Society Award
- The Melton Launches New Savings Account to Raise Money for Rainbows Hospice
- Chief Executive of the Melton Retires
- Local Building Societies Join Forces to Help Leicestershire Cares
- The Melton Delivers Confidence in Uncertain Times
- Over £28,000 for Local Charities
- £2,210 for Melton Community First Responders
- Society Wins Building Society of the Year Award
- Society Voted Best Self Build Mortgage Provider in What Mortgage Awards
- Profits Steady as the Melton Invests in the Future
- The Melton Donates Over £30,000 to Local Charities
- The Melton Voted Best Children’s Savings Provider
- What Mortgage Awards 2018
- Increase in Profits Means More Support for Local Community
- Horsing Around at the Melton
- What to do when someone dies
- Savings Champion Awards Finalist 2018
- The Melton Scoops Seven Industry Awards in 2017
- Society Donates £2,500 to St Mary’s Church
- Important changes to your savings account
- The Melton Reports a Year of Growth
- The Melton Scores Awards Hat Trick!
- The Melton Scoops Top Industry Award
- Moneyfacts Award
- Sir David Attenborough Opens Volunteer Training Centre at Rutland Water
- Volunteer Training Centre Receives Funds Boost
- Wildlife Comes to the High Street
- New holiday buy-to-let mortgage
- Charity appeal given helping hand by local Building Society
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