Accolades continue for Newcastle Permanent

Jun 22, 2012 (PRWeb.com via COMTEX) -- Newcastle Permanent Building Society has been named Money magazine's Building Society of the Year 2012. This is the third time Newcastle Permanent has received this award.

These highly regarded awards are judged by a team of finance experts from Money magazine and CANSTAR who assess every Australian financial institution on its range of products and services, with honours awarded across three categories - Building Societies, Banks and Credit Unions.

Newcastle Permanent Acting CEO Mark Williams said the award acknowledges the superior value, products, pricing and service delivered to Newcastle Permanent's members.

"As a mutual organisation our focus is on returning the best possible benefit to our members through better interest rates, lower fees and market leading features," Mr Williams said.

"At Newcastle Permanent we strive to put our members and local communities first. We see evidence every day that people are looking for an alternative to the major banks that is big enough to meet all of their financial needs but is also genuinely committed to reinvesting their success back into local communities rather than shareholders.

"Being named Building Society of the Year again reinforces the quality and strength of our business and validates our belief that a regionally based mutual can deliver products and services to match or better any financial institution in Australia," Mr Williams said.

Winning the Money magazine award caps off another stellar year for Newcastle Permanent. In April this year 20 of its home loans received a 5-star rating from CANSTAR while in March it was named Building Society of the Year in Roy Morgan's Customer Satisfaction Awards with the highest proportion of satisfied customers/members of any financial institution in Australia at 94%.

Newcastle Permanent Building Society - Company Backgrounder Established 109 years ago and like the major banks operates under the supervision of the Australian Prudential Regulation Authority (APRA) and is regulated under the Banking Act 1959 of the Commonwealth of Australia.

A mutual financial services organisation without any shareholders. Profits are retained to deliver higher quality, multi-award winning products, more competitive interest rates and lower fees for our members.

Australia's largest building society and financially the strongest in terms of net assets.

Total assets of more than $7.5 billion.

Conveniently located branches in Sydney, Newcastle and the Hunter, Central Coast, Mid North Coast, New England and Northern Rivers regions of NSW.

Highly professional and experienced teams of mobile home lenders, financial planners and business relationship managers.

Australia-wide network of nearly 3,000 ATMs* and highly secure Phone and Internet Banking services.

*Includes the network of ATMs operated by Westpac Banking Corporation, Bank of Melbourne, St.George Bank Limited and BankSA but excluding St. George or BankSA branded ATMs located in BP Service Stations.

Multi-award winning product range including: -> More than 10 Cannex five star rated products including five for our two most popular, multi-award winning home loans, Real Deal and Premium Plus -> Home Lender of the Year 2011 and 2009, Financial Review, Smart Investor Blue Ribbon Awards -> Building Society of the Year 2011, 2009 and 2008, Financial Review, Smart Investor Blue Ribbon Awards -> Gold media for Best Line of Credit and a Bronze medal for the Standard Variable Premium Plus Package 2011, Your Mortgage Magazine (Credit Unions & Building Societies category) -> Cheapest Home Loan Package Best of the Best Awards Money Magazine 2012 and 2011 and Cheapest Flexible Home Loan (Non-bank category) Best of the Best Awards Money Magazine 2011 -> National Call Centre of the Year 2011, Australian Teleservices Association Call Centre of the Year Awards -> Gold medal Best Credit Union/Building Society Savings Accounts, Your Money Magazine 2011 Member satisfaction rating of 94% in the recent independent member survey (Source: AMR 2011).

Newcastle Permanent has a big heart and is passionate about supporting the local communities we serve, providing significant support through a wide range of community-based initiatives and sponsorships including junior sports, education and surf lifesaving.

Newcastle Permanent Charitable Foundation also plays a major role in giving back to the community by improving the lives of thousands of people in regional NSW in areas of health, the environment, community support, culture and youth development: -> Formed in 2004 to celebrate the 100th anniversary of Newcastle Permanent and so far has supported more than 210 community projects with grants totalling in excess of $7.3 million Our members and the well-being of their communities are at the heart of everything Newcastle Permanent does.

Read the full story at http://www.prweb.com/releases/2012/6/prweb9626668.htm PRWeb.com

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