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S A BUILDING SOCIETY ,
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Saffron is a mutual business which does not have shareholders – the people who own the business are also its customers . Formed in 1849 and based in the East of England , the business was set up to be a home for people ’ s money and to provide money for people ’ s homes . Largely it is still doing that today , 172 years on .
The business currently has around 5,000 borrowing members and 100,000 savings members . The business ’ core objective is to help people plan for their future and provide advice to help them achieve their goals .
Colin Field , Chief Executive Officer , Saffron Building Society , tells us more . . . .
How has the business grown since it started and how have you overseen and ensured that growth ?
The business has existed for 172 years but we ’ re still an SME-sized entity with a balance sheet size of about 1.3 billion . The growth has been mixed and I think that ’ s partially because ,
‘ More than money ’:
HOW SAFFRON BUILDING SOCIETY USES TECHNOLOGY TO IMPROVE FINANCIAL WELL- BEING AND SECURITY FOR PEOPLE IN THE UK
For more than 170 years , Saffron Building Society has provided its members with a home for their money while also helping to make their dreams of building a home a reality . With the advent of technology , the business has been able to scale rapidly and reach its members in new ways . Colin Field , CEO , Saffron Building Society , tells us about the business ’ future growth plans and the important role of technology for its enablement , as well as how the business aims to offer ‘ more than money ’ to its customer base .
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