Against a background of strong growth in the housing market but difficult conditions for savers with low interest rates prevailing throughout the year, the society saw a 13.85% growth in assets with record mortgage lending of £166 million (£102 million in 2001).
Commenting on the results for 2002, Furness Chief Executive, Rob Cairns, said: “We are absolutely delighted with these results, which are a result of our competitive products and excellent services. These achievements are a ringing endorsement for membership of a strong regional mutual building society which always puts its members’ interest first.”
