Mutuals' Donations a Good or Bad Cause ; Mutual Watch

Mail on SundayMay 08, 2006

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Summary


From Army cadets in Newcastle to school music classes in Bradford thousands of good causes benefit every year from the generosity of mutually owned building societies.

The country's 63 building societies give millions of pounds. Some, such as Skipton, Newcastle, Yorkshire and Leeds, make six- figure contributions.

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Mutuals' Donations a Good or Bad Cause ; Mutual Watch

Other societies make smaller donations, whether through sponsorship of local events or supporting charities.

The money strengthens the bond between societies and the communities they serve, especially in areas where the building society is often the l...

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