If you have a personal savings account, mortgage or hold Permanent Interest Bearing Shares with us, it means you’re a Member of the Society, as long as you keep a minimum balance of £1.
However, to be able to vote you need to maintain a minimum balance of £100, be the first named account holder and meet the voting conditions below (these will be updated for AGM 2024 when the dates have been agreed).
If you operate an account on someone else’s behalf, for example, as an attorney or personal representative, you’re not the member – membership stays with the customer named on the account.
Full details about membership and voting are available in the Rules of the Society, but if you have any questions please contact us.
Voting conditions for AGM 2023
1. The voting date referred to in condition 2 below is:
- 19 April 2023 if you are voting online, by post or in branch using the voting form in your AGM pack; or
- 24 April 2023 if you vote at the AGM.
2. You're entitled to vote if you’ll be 18 or over on 24 April 2023. For a joint account, only one person can be eligible to vote and you’ll need to be named first on the account in our records. You also need to either:
- have had at least £100 in your savings account(s) (including Permanent Interest Bearing Shares (PIBS)) on 31 December 2022 and have a savings account with us from that date until the voting date; or
- have owed the Society at least £100 on your mortgage(s) on both 31 December 2022 and the voting date.
3. No matter how many savings or mortgage accounts you have, in any capacity, you are only entitled to one vote on each resolution.
A body corporate may:
a) authorise a person to act as its Corporate Representative at the meeting by way of a Resolution of its directors or governing body. The original or certified copy of the Resolution must be received by the date of close of proxy voting or the right to vote is not exercisable. The appointed Corporate Representative is not entitled to appoint a representative; and
b) subject to the requirement for a Resolution in 'a)', use the voting form (or vote online) to appoint the Corporate Representative to attend and vote as it instructs (please read the Voting Notes on your voting form/email for further details). The voting form must be signed by a duly authorised officer of the body corporate.
Power of Attorney
The holder of a Power of Attorney can (if the Power of Attorney has been registered with the Society, and the power allows) either:
a) vote in person at the AGM on the member’s behalf; or
b) appoint a representative to attend and vote, by completing the voting form (or voting online) on the member’s behalf.
Alternatively, a member who has given a Power of Attorney can vote in person at the AGM, or appoint a representative to attend and vote, instead of their attorney.