Members of building society Leek United have given an increased vote of confidence, following the society’s 2018 Annual General Meeting.
A total of 6,990 members – 14.80% of the eligible voting membership and an increase of 11.57% over 2017 – cast their votes at the AGM, held at Leek Cricket Club on Wednesday, 25 April.
The vote followed what Kevin Wilson, chief executive, described as ‘exceptional’ business results for Leek United during 2017 – a year which saw group assets exceed £1bn for the first time in the society’s history.
Wilson said: “It is very pleasing that so many members take an active role and interest in the way in which their society is run.
“We look forward to continuing to work on behalf of all our members throughout 2018 and beyond, and they have our assurance that the Society remains as committed as ever to the best possible standards of personal service on the high street and in the communities we serve.”
Resolutions proposed and voted on at the AGM include: to receive the 2017 Report and Accounts, which was passed with a majority of 99.2% and to appoint KPMG as auditors, which was passed with a majority of 97.1%.
A majority of 94.2% voted to approve the directors’ remuneration report, 97.6% voted to re-elect Rachel Court as director and 97.2% voted to elect John Kelly as director.
Some 86.6% of members would recommend the society to their family and friends.
The society has also been nominated as a finalist in two national finance industry awards – ‘Building Society of the Year’ and ‘Best Fixed Rate Mortgage Provider’.
Two North Staffordshire charities will also benefit following the AGM as Leek United pledges 20p for every vote cast.
As a result, the Douglas Macmillan Hospice and the Donna Louise Trust – both based in Stoke-on-Trent – will share a donation of £1,398.