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Furness Building Society

The Furness Building Society is another of the many building societies based in the United Kingdom. Being the 21st largest building society, the organisation has an asset base of close to eight hundred and forty five million pounds. The Furness Building Society is a mutual building society and is a member of the Building Societies Association. High value financial services have been provided by the Building Society since its inception in the year 1865. The Furness Building Society is based on mutuality. This means that the company does not give away the profits as dividends to the shareholders as there are no shareholders. Only members of the organisation and the directors have ownership of the company. These members, irrespective of the amount of money invested have voting rights as well as a say in the running of the company.

Any attempt to merge the company or acquire another company needs to voted first at the annual general body meeting where all the members need to be present. Insurance covers, Mortgages, loans, savings accounts and life insurance are some of the services from the company. Insurance according to the clientÂ’s lifestyle is another attractive feature from the Furness Building Society. Life insurance, health insurance, pet insurance, travel insurance and pet insurance are some insurance covers which are flexible according to the clientÂ’s needs. As the company is based on mutuality, the loan rates are also low which make them much in demand in the loan market. Applications for these services can be made online.