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Corporate and financial information
Find out about how the Society is managed and governed and our recent financial results.
Family Building Society is a trading name of National Counties Building Society which has been securely looking after people's money and helping homebuyers since 1896.
The Society is governed and run by a Board of Directors. The Board is here to ensure our long term sustainability for the good of you, our members.
This section contains details of our corporate governance and all our financial information. If you want to know more and it is not detailed here, then please contact us.
As a Society, we are committed to best practice in corporate governance. We adhere to the UK Corporate Governance Code, issued by the Financial Reporting Council, and we meet the guidance for building societies issued by the Prudential Regulation Authority and Financial Conduct Authority.
Our day to day management is delegated to a team of Senior Executives led by Chief Executive Mark Bogard with oversight by an elected Board.
The principal function of the Board is to determine the strategy and policies of National Counties Group within an effective control framework, which enables risk to be assessed and managed. The Board ensures that the necessary financial and human resources are in place so we can meet our objectives and reviews our business and management performance.
The Board also ensures that the Group operates within the Society's constitution with relevant legislation and regulation. It makes sure that proper accounting records and effective systems of business control are established, maintained, documented and audited.
The first three are comprised only of Non-Executive Directors and have different Chairmen, none of whom is the Chairman of the Society.
- Audit Committee - terms of reference
- Board Risk Committee - terms of reference
- Remuneration Committee - Terms of reference
The Nomination Committee is comprised of the Chairman and Vice Chairman of the Board plus the Chief Executive.
- Nomination Committee - terms of reference
The National Counties Group Assets increased by 3% in 2020 to £2,439 million supported by reserves of £116.5 million and a Common Equity Tier 1 ratio of 15.9%. For more details follow the link below to the 2020 Annual Report and Accounts.
2020 Annual Report and Accounts
2020 Summary Financial Statement (Members' Update)
2019 Annual Report and Accounts
2019 Summary Financial Statement
We are required to display the following documents under the Capital Requirements Directive:
2020 Pillar 3 Disclosure
2019 Pillar 3 Disclosure
Country by Country Reporting
Country by Country Reporting 2020 - Please see Note 32, page 114 of the audited 2020 Annual Report and Accounts (link above) for this disclosure.
Country by Country Reporting 2019 - Please see Note 32, page 115 of the audited 2019 Annual Report and Accounts (link above) for this disclosure.
Society Rules effective from 1 September 2014
Society Rules Booklet - 2014
NCBS Memorandum - 1998 Edition
Whistleblowing Policy July 2020
Annual General Meeting 2021
Full details about of AGM event can be found here.
Board of Directors
Find out more about our Board of Directors.
Read about the latest news and updates from the Society.