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Kent Reliance krps.com

Posted: Tue Jun 07 2022 4:38pm
by Trustee
proposed wind up and transfer of assets to a new charitable foundation :eh:

Re: Kent Reliance krps.com

Posted: Wed Jun 08 2022 11:23am
by planteria
oh... and nothing for the members?

Re: Kent Reliance krps.com

Posted: Wed Jun 08 2022 1:37pm
by Trustee
It is a motion for the forthcoming AGM.
You will get to vote but I suspect they are hoping it will slip through unchallenged appealing to members ambivalence or altruistic nature.
NO mention of compensation... so I have alerted the media.
I like to choose the charities I support..

They are keeping the monthly prize draw... whoopee :roll:

Re: Kent Reliance krps.com

Posted: Thu Jun 09 2022 11:12am
by planteria
good work Trustee. we shall see how it plays out.

Re: Kent Reliance krps.com

Posted: Wed Jun 29 2022 11:22am
by Trustee
Please VOTE AGAINST resolutions 6, 7 & 8.

Re: Kent Reliance krps.com

Posted: Wed Jun 29 2022 11:02pm
by Luke_PieStalker
Trustee wrote:
Wed Jun 29 2022 11:22am
Please VOTE AGAINST resolutions 6, 7 & 8.
Which are?

Re: Kent Reliance krps.com

Posted: Thu Jun 30 2022 9:23am
by planteria
have you received a voting pack Trustee?

Re: Kent Reliance krps.com

Posted: Wed Jul 13 2022 4:34pm
by planteria
Voting Email received.

Re: Kent Reliance krps.com

Posted: Thu Dec 08 2022 12:27pm
by planteria
anyone have an update re Kent Reliance?
i still have a Bond floating around with them. are we still members of a mutual society with any assets?
i think not, but i've not received confirmation from them.
is there any real benefit in retaining an account with Kent Reliance?

Re: Kent Reliance krps.com

Posted: Thu Dec 08 2022 6:56pm
by rayf
From the Kent Reliance website - the banking continues

"What exactly is the Kent Reliance Provident Society (KRPS)?

 

Kent Reliance Provident Society (KRPS) is a mutual organisation that was formed as part of the transfer in 2011 of Kent Reliance Building Society's business to OneSavings Bank plc (OSB). The membership of the former building society was transferred to KRPS while OSB, trading as Kent Reliance, krbs and Kent Reliance Banking Services, carries on the banking activities.
 

At the AGM of the Society on the 26th July 2022 the members agreed a proposal to wind up the Society, with its assets being transferred into a new charity the ‘Kent Reliance Community Foundation Limited. As a result it is no longer possible to apply to become a member of KRPS."