Jeremy Wood

Jeremy Wood of Dudley Building Society

Dudley Building Society sees profits rise

The Dudley Building Society has announced yet another year of strong results.

The Dudley Building Society saw pre-tax profits increase by £1.72m in the year ending 31 March as total assets rose to over £354m and reserves to £21.3m.

According to chief executive Jeremy Wood, the society has built on its successful performance of the past few years and is now larger than at any time in its history.

Woodsaid: “The Society experienced a very satisfactory year. We continue to grow our business and we are employing more people than ever to meet the evolving needs of our customers.

"We have experienced great success by leading the market which serves older borrowers. Local savers can still take advantage of our sector-leading five year fixed rate bond available through any of our branches.”

The society will be hosting its Annual General Meeting on 20 July 2017 at Himley Hall. The event will begin at 2:00pm and gardening expert Howard Drury will be the guest speaker.