DUDLEY Building Society has announced another year of strong results.

Pre-tax profits for the year ending March 31 increased to £1.72million, total assets rose to more than £354million and reserves rose to £21.3million.

According to chief executive, Jeremy Wood, the society has built on its successful performances of the past few years and is now larger than at any time in its history.

He said: “The society experienced a very satisfactory year.

"We continue to grow our business and we are employing more people than ever to meet the evolving needs of our customers.

"We have experienced great success by leading the market which serves older borrowers. Local savers can still take advantage of our sector-leading 5 Year Fixed Rate Bond available through any of our branches.”

The society, which lent £51.9million during the year, will be holding its annual general meeting from 2pm on July 20 at Himley Hall.

Gardening expert Howard Drury will be the guest speaker.

Full details about the society’s activity and financial performance can be found in the Member Review and Report & Accounts on the society’s website www.dudleybuildingsociety.co.uk or on request by calling 01384 231414.