Discover the benefits of joining Chorley Building Society – trusted since 1859

Discover the benefits of joining Chorley Building Society – trusted since 1859

Financial security came joint second when Britons were asked to list their ‘number one hope in life’ for a survey conducted by YouGov* - the desire sharing second spot with happiness and coming second only to good health. 

One in seven Brits (15%) put finance at the top of their list, the most common wish (9%) was to have an ‘adequate financial situation’ – which translated into clearing debts, staying afloat financially, and a cheaper cost of living. 

Another 3% spoke of wanting more money, while a further 3% were hoping for a cash windfall, such as a lottery win.

The chances of winning the lottery are well documented as being similar to being struck by lightning, one in 33 million, so aiming for financial security is best served with a more pragmatic approach - putting your faith (and money) behind a financial institution.

Why choose Chorley Building Society?

The answer is simple – we’re a building society that puts people before profits.

The big difference between Chorley Building Society and other high street banks and financial institutions is that we are a mutual Society. This means we do not have shareholders to serve, and we’re not listed on the London Stock Exchange. Instead, all our profits go back into the Society to benefit our Members.

Since forming to help 19th century mill workers buy their own homes, we have built a solid foundation on making a difference to the lives of our Members – borrowers and savers alike – and the local community.

Stephen Penlington, our Chief Executive, says: “We are extremely proud of our long and illustrious history as a mutual society, owned and run for the benefit of its Members. But what makes it even more special is that our purpose remains the same today as it did when we first formed to help local mill workers buy their own homes 166 years ago.

“Community has always been at the heart of everything we do, providing excellent services and products for savers and borrowers alike, supporting good causes throughout the borough and beyond, and playing our part in the local economy.”

More than just savings and mortgages

While putting people before profits is a good reason to choose Chorley Building Society, we believe our commitment to the community is another reason too.

Our ‘Chorley High Five’ initiative takes its name from a pledge by our Board of Directors to give a minimum of 5% of our operating profits annually to support local charities, community groups, not-for-profit organisations and grassroots clubs, and we have made awards totalling £183,700 over the past three years.

Locally, we are an ambassador for Inspire, Chorley Youth Zone, which is dedicated to young people from all over the Chorley area aged 8 to 19 years, and up to 25 for those with a disability, making an annual donation as well as supporting ad-hoc activities during the year as the zone aspires to help young people be the best they can. 

We provide an  affinity account for Chorley-based Derian House Children’s Hospice and, regionally, we are a supporter of the charity-funded North West Air Ambulance.

Wide range of financial services

Chorley Building Society has a wide range of financial services, including mortgages, ISAs, fixed rate bonds, and savings accounts for everyone from young children to older savers.

Whether you’re moving home, buying to let, remortgaging or purchasing your first property, we have a range of mortgage products available that could meet your needs.

Our savings accounts include easy access, fixed notice, regular (monthly) savings and business accounts.  In addition we have accounts for young savers, over-60s, and regional accounts, exclusively available to people living in 14 postcode areas in Lancashire, Cumbria, Cheshire, Liverpool and Greater Manchester.

New additions to our regional savings accounts are a Regional 2-Year Flexible Saver and a Regional Flexible Junior Saver.

Kimberley Roby, our Customer Service Director, says: “We have always been a forward-looking Society and by offering these savings opportunities, we are giving people in the region a chance to invest in their future with a Society that has always had the best interests of the North West at its heart.”

Our range of cash ISAs includes easy access, fixed rate and fixed notice options.
For more information about all our products, including full terms and conditions, visit our savings page here.

How to become a Member of Chorley Building Society

To become a Member you need to have either a savings account with us or a mortgage, or both.  You can apply for our savings accounts online, at your local branch or by post.  To be a voting Member, you need to have £100 of savings in your account or a mortgage, with not less than £100 owing, up to and including the date of the AGM.

We have recently refurbished our High Street branch in Chorley with a comfortable, modern interior, a digital zone for access to online services and products and a space dedicated to our support for local good causes. We  also have we have two other branches, one on Foxhole Road, in Chorley, and one on Towngate in Leyland.

We hope you’ve enjoyed learning about Chorley Building Society. If you wish to speak to a member of our helpful team please contact 01257 235001 for mortgages, and for the savings team please contact 01257 235003.

* https://yougov.co.uk/society/articles/49001-health-wealth-and-happiness-what-do-britons-hope-for