It lent £30m to borrowers while total advances secured on mortgages increased during the year to £132m and liquidity went up from £37.1m in 2008 to £41.9m while its capital ratio increased.
The society also revealed that its total assets rose by 10% from £159.2m in 2008 to £175m in 2009.
Mike Heenan, chief executive of Stafford Railway Building Society, attributed the improved capital position to traditional building society values including prudent lending and the careful investment of surplus funds.
He added: “We have never made a financial loss and aim never to lend out more in mortgages than we get in. Through this approach, we have once again demonstrated we have the financial strength to withstand a turbulent economic climate. Members will benefit from the results as the society has agreed to interest rate rises on all investing members accounts, with no increase in mortgage rates.”
