Monmouthshire Building Society has passed the milestone of one billion pounds in assets and will celebrate by giving back to the local community through various funding projects.
The Welsh society says this is a highly significant landmark within its history, and is the culmination of 145 years of effort, dedication and achievement for all the society’s staff, both past and present.
Community Acorn Fund
For the first stage of the celebrations, the society has launched the ‘Community Acorn Fund’ to give back to community groups and projects throughout the local geographical area. A £25,000 funding pool has been allocated across the society’s branch and agency network, and local community groups are invited to apply for funding.
The deadline for applications is 30 September 2014, and more information is available at monbs.com/acornfund.
Lasting Legacies
The second stage of the celebrations is the ‘Lasting Legacies’ project which covers areas across a wide spectrum of society including health, children, the environment, homelessness and sport.
The society is working in close collaboration with a number of local and national bodies to fund projects of great, lasting need. Details of the specific projects will be announced over the coming months.
Comment
Chief executive, Andrew Lewis, commented: “Monmouthshire Building Society has recently experienced another exceptional year of business and growth.
“Our members remain at the heart of what we do, and their ongoing loyalty has been a major contributor to this outstanding achievement. We offer a heartfelt thank you to all of our members who have helped the society reach this landmark financial position.
“We are delighted to be able to celebrate our momentous achievement through a series of community-focused projects. As a regional mutual organisation, we take particular pride in our ongoing commitment to the local communities in which we operate, and look forward to spreading some much needed funds to many worthwhile projects across South Wales.”
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