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Saffron Building Society
The Saffron Building Society is a regional building society which has branches and agencies in the East of England. These span: Essex, Hertfordshire and Suffolk. It is a member of the Building Societies Association. History Saffron Building Society was established in 1849. It is a UK building society based in Saffron Walden, Essex. It began life as the Saffron Walden Second Building Society and was founded by the Revd John Marten, who became the first Secretary. The first Chairman of the Saffron Building Society was a local builder called Joseph Durrant. Originally established as a 'terminating society' Saffron Walden Second Building Society became a permanent building society in 1857 and changed their name to The Saffron Walden Second Benefit Building and Investment Society on the Permanent Plan. In the same year the Society lent £1,730. In 1873 Henry Hart a printer, was chairman and directors' salaries now stood at £1. * 1866 - 1905 Fitzroy Ackland, a local solicitor ...
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Building Society
A building society is a financial institution owned by its members as a mutual organization. Building societies offer banking and related financial services, especially savings and mortgage lending. Building societies exist in the United Kingdom, Australia and New Zealand, and used to exist in Ireland and several Commonwealth countries. They are similar to credit unions in organisation, though few enforce a common bond. However, rather than promoting thrift and offering unsecured and business loans, the purpose of a building society is to provide home mortgages to members. Borrowers and depositors are society members, setting policy and appointing directors on a one-member, one-vote basis. Building societies often provide other retail banking services, such as current accounts, credit cards and personal loans. The term "building society" first arose in the 19th century in Great Britain from cooperative savings groups. In the United Kingdom, building societies actively compete ...
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Green Arrow Up
Green is the color between cyan and yellow on the visible spectrum. It is evoked by light which has a dominant wavelength of roughly 495570 nm. In subtractive color systems, used in painting and color printing, it is created by a combination of yellow and cyan; in the RGB color model, used on television and computer screens, it is one of the additive primary colors, along with red and blue, which are mixed in different combinations to create all other colors. By far the largest contributor to green in nature is chlorophyll, the chemical by which plants photosynthesize and convert sunlight into chemical energy. Many creatures have adapted to their green environments by taking on a green hue themselves as camouflage. Several minerals have a green color, including the emerald, which is colored green by its chromium content. During post-classical and early modern Europe, green was the color commonly associated with wealth, merchants, bankers, and the gentry, while red ...
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Organizations Established In 1849
An organization or organisation (Commonwealth English; see spelling differences), is an entity—such as a company, an institution, or an association—comprising one or more people and having a particular purpose. The word is derived from the Greek word ''organon'', which means tool or instrument, musical instrument, and organ. Types There are a variety of legal types of organizations, including corporations, governments, non-governmental organizations, political organizations, international organizations, armed forces, charities, not-for-profit corporations, partnerships, cooperatives, and educational institutions, etc. A hybrid organization is a body that operates in both the public sector and the private sector simultaneously, fulfilling public duties and developing commercial market activities. A voluntary association is an organization consisting of volunteers. Such organizations may be able to operate without legal formalities, depending on jurisdiction, inclu ...
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Banks Established In 1849
A bank is a financial institution that accepts deposits from the public and creates a demand deposit while simultaneously making loans. Lending activities can be directly performed by the bank or indirectly through capital markets. Because banks play an important role in financial stability and the economy of a country, most jurisdictions exercise a high degree of regulation over banks. Most countries have institutionalized a system known as fractional reserve banking, under which banks hold liquid assets equal to only a portion of their current liabilities. In addition to other regulations intended to ensure liquidity, banks are generally subject to minimum capital requirements based on an international set of capital standards, the Basel Accords. Banking in its modern sense evolved in the fourteenth century in the prosperous cities of Renaissance Italy but in many ways functioned as a continuation of ideas and concepts of credit and lending that had their roots in the anc ...
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Building Societies Of England
A building, or edifice, is an enclosed structure with a roof and walls standing more or less permanently in one place, such as a house or factory (although there's also portable buildings). Buildings come in a variety of sizes, shapes, and functions, and have been adapted throughout history for a wide number of factors, from building materials available, to weather conditions, land prices, ground conditions, specific uses, prestige, and aesthetic reasons. To better understand the term ''building'' compare the list of nonbuilding structures. Buildings serve several societal needs – primarily as shelter from weather, security, living space, privacy, to store belongings, and to comfortably live and work. A building as a shelter represents a physical division of the human habitat (a place of comfort and safety) and the ''outside'' (a place that at times may be harsh and harmful). Ever since the first cave paintings, buildings have also become objects or canvasses of much artisti ...
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Bishop's Stortford
Bishop's Stortford is a historic market town in Hertfordshire, England, just west of the M11 motorway on the county boundary with Essex, north-east of central London, and by rail from Liverpool Street station. Stortford had an estimated population of 41,088 in 2020. The district of East Hertfordshire, where the town is located, has been ranked as the best place to live in the United Kingdom, UK by the Halifax Quality of Life annual survey in 2020. The town is commonly known as “Stortford” by locals. History Etymology The origins of the town's name are uncertain. One possibility is that the Saxons, Saxon settlement derives its name from 'Steorta's ford' or 'tail ford', in the sense of a 'tail', or tongue, of land. The town became known as Bishop's Stortford due to the acquisition in 1060 by the Bishop of London. The River Stort is named after the town, and not the town after the river. When cartographers visited the town in the 16th century, they reasoned that the tow ...
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Building Societies Association
The Building Societies Association (BSA) was originally established in 1869. It is the voice for all 43 UK building societies as well as six large credit union A credit union, a type of financial institution similar to a commercial bank, is a member-owned nonprofit financial cooperative. Credit unions generally provide services to members similar to retail banks, including deposit accounts, provision ...s.  Together these organisations serve around 25 million customers up and down the length of the UK. The BSA's objective is to push for the best outcomes for building societies and other members from the plethora of new and changing regulation and legislation in the UK and Europe. Key sector statistics Building societies have total assets of £415 billion and, together with their subsidiaries, hold residential mortgages of almost £330 billion, 23% of the total outstanding in the UK. They hold over £280 billion of retail deposits, accounting for 19% of all such deposit ...
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Suffolk
Suffolk () is a ceremonial county of England in East Anglia. It borders Norfolk to the north, Cambridgeshire to the west and Essex to the south; the North Sea lies to the east. The county town is Ipswich; other important towns include Lowestoft, Bury St Edmunds, Newmarket, and Felixstowe which has one of the largest container ports in Europe. The county is low-lying but can be quite hilly, especially towards the west. It is also known for its extensive farming and has largely arable land with the wetlands of the Broads in the north. The Suffolk Coast & Heaths and Dedham Vale are both nationally designated Areas of Outstanding Natural Beauty. History Administration The Anglo-Saxon settlement of Suffolk, and East Anglia generally, occurred on a large scale, possibly following a period of depopulation by the previous inhabitants, the Romanised descendants of the Iceni. By the fifth century, they had established control of the region. The Anglo-Saxon inhabitant ...
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Hertfordshire
Hertfordshire ( or ; often abbreviated Herts) is one of the home counties in southern England. It borders Bedfordshire and Cambridgeshire to the north, Essex to the east, Greater London to the south, and Buckinghamshire to the west. For government statistical purposes, it forms part of the East of England region. Hertfordshire covers . It derives its name – via the name of the county town of Hertford – from a Hart (deer), hart (stag) and a Ford (crossing), ford, as represented on the county's coat of arms and on the Flag of Hertfordshire, flag. Hertfordshire County Council is based in Hertford, once the main market town and the current county town. The largest settlement is Watford. Since 1903 Letchworth has served as the prototype Garden city movement, garden city; Stevenage became the first town to expand under post-war Britain's New Towns Act 1946, New Towns Act of 1946. In 2013 Hertfordshire had a population of about 1,140,700, with Hemel Hempstead, Stevenage, Watford ...
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Essex
Essex () is a county in the East of England. One of the home counties, it borders Suffolk and Cambridgeshire to the north, the North Sea to the east, Hertfordshire to the west, Kent across the estuary of the River Thames to the south, and Greater London to the south and south-west. There are three cities in Essex: Southend, Colchester and Chelmsford, in order of population. For the purposes of government statistics, Essex is placed in the East of England region. There are four definitions of the extent of Essex, the widest being the ancient county. Next, the largest is the former postal county, followed by the ceremonial county, with the smallest being the administrative county—the area administered by the County Council, which excludes the two unitary authorities of Thurrock and Southend-on-Sea. The ceremonial county occupies the eastern part of what was, during the Early Middle Ages, the Anglo-Saxon Kingdom of Essex. As well as rural areas and urban areas, it forms ...
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Building Society
A building society is a financial institution owned by its members as a mutual organization. Building societies offer banking and related financial services, especially savings and mortgage lending. Building societies exist in the United Kingdom, Australia and New Zealand, and used to exist in Ireland and several Commonwealth countries. They are similar to credit unions in organisation, though few enforce a common bond. However, rather than promoting thrift and offering unsecured and business loans, the purpose of a building society is to provide home mortgages to members. Borrowers and depositors are society members, setting policy and appointing directors on a one-member, one-vote basis. Building societies often provide other retail banking services, such as current accounts, credit cards and personal loans. The term "building society" first arose in the 19th century in Great Britain from cooperative savings groups. In the United Kingdom, building societies actively compete ...
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Pound Sterling
Sterling (abbreviation: stg; Other spelling styles, such as STG and Stg, are also seen. ISO 4217, ISO code: GBP) is the currency of the United Kingdom and nine of #Crown Dependencies and British Overseas Territories, its associated territories. The Pound (currency), pound (pound sign, sign: £) is the main unit of account, unit of sterling, and the word "pound" is also used to refer to the British currency generally, often qualified in international contexts as the British pound or the pound sterling. Sterling is the world's oldest currency that is still in use and that has been in continuous use since its inception. It is currently the fourth most-traded currency in the foreign exchange market, after the United States dollar, the euro, and the Japanese yen. Together with those three currencies and Renminbi, it forms the basket of currencies which special drawing rights#Value definition, calculate the value of International Monetary Fund, IMF special drawing rights. As of mid ...
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