What does Mutuality mean?


Progressive has mutual status, which means that we’re owned by and run for, the benefit of our Members. For over 100 years we have been putting the needs of our Members first and intend to do so for many years to come.

As a mutual we do not have external shareholders to pay dividends to, so we can share the results of our success with our Members. The money we receive from savers goes back into the Society and is used to help people who require financial assistance to purchase a house or get on the property ladder.