Building society earns prestigious award

NEWCASTLE Permanent has won the Australian Financial Review's prestigious Building Society of the Year award for 2008.

The accolade comes shortly after Money Magazine chose Newcastle Permanent as its Building Society of the Year, for the second year running.

Acting CEO Terry Millett said the award was an acknowledgement of the high-quality products, competitive pricing and exceptional service delivered to Newcastle Permanent's members.

“Our broad range of products delivers significant benefits in terms of better interest rates, lower fees and market-leading features, which enabled us to rise above the other contenders,” he said.

“The judges made particular mention of our fixed interest rate home loans, credit card, personal loans and deposit products as major factors in winning the award.

“We see evidence every day that people are looking for an alternative to the mainstream banks which is big enough to meet all of their financial needs, offers excellent value and is genuinely committed to reinvesting back into local communities.”

Mr Millett said receiving this award supported Newcastle Permanent's belief that a regionally-based mutual organisation could match, or better, any financial institution in Australia.

“We have all the personal banking options offered by the mainstream banks and they are delivered with our unique style of friendly, professional service,” he said. “The award is the result of the commitment of our staff and something of which we are very proud.”

Newcastle Permanent opened its new office in Lismore on July 17 and its Ballina branch on July 24.

It has also become a major sponsor of Northern NSW Football.

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