OneUnited Bank

Headquarters

100 Franklin St
Boston, MA 02110
See all branch locations →

Notable Rates APY Vs.Others
Savings 0.10% 1.40% →
1-Year CD N.A. 1.10% →
2-Year CD 0.45% 1.26% →
5-Year CD N.A. 1.56% →
30-Year Mortgage 3.60% 3.09% →
15-Year Mortgage 3.11% 2.59% →
HELOC N.A. 2.77% →

2020 Overview

General Bank Information

OneUnited Bank is an FDIC insured institution located in Boston, MA. It was founded in 1982 and has approximately $0.66 billion in assets. Customers can open an account at one of its 8 branches.

FDIC Insured Yes
FDIC Certificate # 23966
Date Established 1982
Assets $ 656.32 million
Loans $ 471.50 million
Deposits $ 373.65 million
Capital $ 43.03 million
 

For a more detailed analysis of OneUnited Bank's financial condition and a description of what these numbers mean, please visit the Financial Details section.

Deposit Rates - July 16, 2020

Your Current Location: Connecticut, CT 06828

Savings and Money Market Rates APY MIN MAX
Savings
0.10% $2,500 $4,999 Learn More
Money Market
0.05% $2,500 $2,999 Learn More
Money Market
0.05% $10,000 $14,999 Learn More
Money Market
0.10% $25,000 $29,999 Learn More
CD Rates APY MIN MAX
3 Mo CD
0.20% $10,000 $14,999 Learn More
3 Mo CD
0.20% $100,000 $199,999 Learn More
Special: 15 Mo CD
1.50% $500 - Learn More
18 Mo CD
0.45% $10,000 $14,999 Learn More
18 Mo CD
0.45% $100,000 $199,999 Learn More
24 Mo CD
0.45% $10,000 $14,999 Learn More
24 Mo CD
0.45% $100,000 $199,999 Learn More
36 Mo CD
0.55% $10,000 $14,999 Learn More
36 Mo CD
0.55% $100,000 $199,999 Learn More
48 Mo CD
0.60% $10,000 $14,999 Learn More
48 Mo CD
0.60% $100,000 $199,999 Learn More

Int Checking Rates APY MIN MAX
Int Ckg
0.10% $2,500 $3,499 Learn MoreShow Less
Checking Rates APY MIN FEE
U2 E-CHECKING 0.00% $0 $0.00 Learn MoreShow Less

Loan Rates - July 16, 2020

Your Current Location: Connecticut, CT 06828

Refinance Mortgage Rates APR Rate Monthly Payment

Monthly payments for mortgage products are based on a loan amount of $200,000. Home equity monthly payments are based on a loan amount of $50,000. Auto loan monthly payments are based on a loan amount of $25,000. Rates for each product are based on a variety of factors including credit score and loan amount. For specific requirements please check with the lender. Rates may change at any time.

Branches

OneUnited Bank branches and locations in your neighborhood. Input a different zip code to find branches and locations for any neighborhood in the United States.

Your Location:
Fairfield,Connecticut


OneUnited Bank Locations


Financial Details

OneUnited Bank Ratio Analysis

The following ratios and data are available to help you better understand the financial condition of OneUnited Bank. The data is provided by the FDIC. All banks listed on BestCashCow.com are FDIC-insured. No depositor has ever lost deposits that have been within the FDIC insurance limits.

Texas Ratio
OneUnited Bank U.S. Bank Average
0.76% 6.94%

The Texas Ratio compares the bank’s non performing assets (non-performing loans and real estate owned) with its tangible common equity and its loan loss reserves. A lower Texas ratio indicates better coverage of problem loans. The closer the Texas Ratio is to 1-to-1 or 100%, the less capital and reserves a bank has to absorb its loan losses.

As of March 31, 2020, OneUnited Bank had $339,000 in non-current loans and $0 in owned real estate. To cover these potential losses it had $43,030,000 in equity and $1,748,000 in loans loss reserves. That gives it a Texas Ratio of 0.76%.

Return on Equity
OneUnited Bank U.S. Bank Average
-20.4% 7.80%

OneUnited Bank has a Return on Equity of -20.4% versus the BestCashCow average of 7.80%. Return on equity measures how efficiently a bank is making money from its capital. A bank with a consistently high ROE can be considered well run. A bank with a consistently low ROE can be considered poorly run.

Capitalization
OneUnited Bank U.S. Bank Average
6.56% 12.68%

OneUnited Bank has a Capitalization of 6.56% versus the BestCashCow average of 12.68. Capitalization measures how much equity capital a bank has to underpin loans and other assets on its balance sheet. The higher the capitalization number the more secure a bank is considered.

OneUnited Bank Balance Sheet Analysis

As of March 31, 2020, OneUnited Bank had assets of $656,317,000, loans of $471,504,000, and deposits of $373,651,000. Long-term increases in deposits shows a bank's ability to raise funds to grow its loans and assets. Loan and asset growth may rise or fall depending on a bank's strategy for growth. Sharp rises and falls in assets, deposits, and loans can be problematic, indicating a loosening of lending standards, or financial distress leading to reduced lending. A big change in these figured can also be from a bank acquisition or merger.

Summary Balance Sheet

March 31, 2020
ASSETS
Cash & Balances due from depository institutions $ 53.10 million
Interest-bearing balances $ 49.58 million
Total securities $ 101.99 million
Federal funds sold and reverse repurchase N.A.
Net loans and leases $ 471.50 million
Loan loss allowance $ 1.75 million
Trading account assets N.A.
Bank premises and fixed assets N.A.
Other real estate owned N.A.
Goodwill and other intangibles $ 0.03 million
All other assets $ 23.85 million
     Total Assets $ 613.29 million
LIABILITIES
Total deposits $ 373.65 million
      Interest-bearing deposits $ 328.72 million
      Deposits held in domestic offices $ 373.65 million
      % insured (estimated) 88.94%
Federal funds purchased and repurchase agreements N.A.
Trading liabilities N.A.
Other borrowed funds $ 237.39 million
Subordinated debt N.A.
All other liabilities $ 2.25 million
      Total Liabilities $ 613.29 million
      Shareholders’ Equity $ 43.03 million

Summary Income Statement

March 31, 2020
INCOME AND EXPENSES
Total Interest Income $ 6.53 million
Total Interest Expense $ 2.98 million
Net interest income $ 3.56 million
Provision for loan and lease losses N.A.
Total non interest income $ 1.88 million
Total non interest expense $ 5.50 million
Pre-tax Net Operating Income N.A.

Bank Loan Profile?

The top three loan types in OneUnited Bank’s loan portfolio are Multifamily Mortgages, 1-4 Family Residential Loans, and Commercial Real Estate.

Compared to other banks in Massachusetts, OneUnited Bank has a significantly higher percent of Multifamily Mortgages, Credit Card Loans on its balance sheet, potentially indicating a specialty in that lending area.

Note: Percentages may not sum to 100% due to rounding and double categorization of some loan types. All data from the FDIC. Additional information about this table.

%
Loans
%
Comparison to Other Banks
 Low   Med   High 
1-4 Family Residential Loans 5.79
Multifamily
Mortgages
93.40
Credit Card Loans 0.34
Consumer Auto Loans 0.00
Small Business Loans 0.48
Construction and Development Loans 0.00
Commercial Real Estate 0.74
Commercial and Industrial Loans 0.00
Farm Loans 0.00

Frequently Asked Questions About Oneunited Bank

Branches and Savings

Is Oneunited Bank FDIC insured?

Yes. It is covered under FDIC Certificate #23966.

Why does Oneunited Bank pay such low interest on savings accounts?

See the best online savings rates here. See the best local savings rates here.

Why are Oneunited Bank CD rates not competitive?

See the best online CD rates here. See the best local CD rates here.

Is Oneunited Bank a commercial bank?

Yes

Where are Oneunited Bank locations?

See branch locations nearby.

Is Oneunited Bank open on Saturdays?

Is Oneunited Bank open on Sundays?

What time does Oneunited Bank open?

What time does Oneunited Bank close?

Are Oneunited Bank ATMs Open 24/7?

Do Oneunited Bank ATMs accept cash deposits?

Can Oneunited Bank customers use other ATMs?

Do Oneunited Bank branches have notaries?

Will Oneunited Bank notarize my document?

What address for Oneunited Bank should I put for incoming ACH transfers?

Will the Oneunited Bank branch print checks?

Do Oneunited Bank checks expire?

Does Oneunited Bank require US citizenship to open account?

Can Oneunited Bank close my account?

Does Oneunited Bank Report to credit bureaus?

Does Oneunited Bank Use Equifax?

What is Oneunited Bank's ACH Routing Number?

What is Oneunited Bank's SWIFT code?

Products

Does Oneunited Bank offer mortgages?

Compare mortgage rates here.

Does Oneunited Bank offer home equity lines of credit and home equity loans?

Compare home equity lines of credit rates here.

Does Oneunited Bank offer personal loans?

Compare personal loan rates here.

Does Oneunited Bank offer student loans?

Will Oneunited Bank cash a check?

Will Oneunited Bank redeem a savings bond?

Does Oneunited Bank cash savings bonds?

Will Oneunited Bank cash money orders?

Can Oneunited Bank issue a money order?

Does Oneunited Bank do currency exchange?

Background on The Bank

Who owns Oneunited Bank?

How long has Oneunited Bank been around?

Can Oneunited Bank transfer to other banks?

Does Oneunited Bank have quick pay?

Does Oneunited Bank accept rolled coins?

Will Oneunited Bank accept loose change?

Where is Oneunited Bank headquarters?

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