Posted on Thursday 6 June 2013 by Ulster Business

Darina Armstrong

The CEO of Progressive Building Society, Darina Armstrong, has become the first person from Northern Ireland to be appointed to serve on the Council of The Building Societies Association (BSA).

The BSA which was founded in 1869 is the influential organisation which represents mutual and deposit takers across the UK, including all of the UK's building societies. It is recognised as the voice of the industry, interfacing on behalf of the sector with government, parliament, regulators, the media and other interested bodies. The association also provides information and advice to building societies on a range of relevant professional issues.

On her appointment to the BSA Council, Darina said: "This is the first time that a representative from a Northern Ireland Building Society as been appointed to the BSA Council and I think it is an honour for Progressive, its staff and the members of the society. This is a move which reflects the strength of the Society within the building societies movement where we are currently in the UK's 'Top 10'.

"I am passionate about my sector and firmly believe that the blend of ethos and personal service which Mutuals offer has never been more appropriate, relevant or, indeed, welcome. I look forward to learning from my colleagues on the BSA Council and contributing to the debates on UK and regional policies drawing on my own experience from over 20 years working in a successful and growing Society."

Mutuals are owned by their customers - known as 'members'. They are not driven by external shareholder pressure which means they are free to operate in the interests of their members and the communities in which they are located.

Progressive Building Society is Northern Ireland's largest locally owned financial institution.

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