UniBank for Savings

Headquarters

49 Church Street
Whitinsville, MA 01588
See all branch locations →

Notable Rates APY Vs.Others
Savings 0.05% 1.40% →
1-Year CD 0.45% 1.15% →
2-Year CD 0.40% 1.26% →
5-Year CD 0.40% 1.56% →
30-Year Mortgage N.A. 3.09% →
15-Year Mortgage N.A. 2.59% →
HELOC N.A. 2.77% →

2020 Overview

General Bank Information

UniBank for Savings is an FDIC insured institution located in Whitinsville, MA. It was founded in 1870 and has approximately $2.06 billion in assets. Customers can open an account at one of its 14 branches.

FDIC Insured Yes
FDIC Certificate # 90290
Date Established 1870
Assets $ 2.06 billion
Loans $ 1,397.78 million
Deposits $ 1,709.67 million
Capital $ 165.69 million
 

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

Deposit Rates - July 10, 2020

Your Current Location: Connecticut, CT 06828

Savings and Money Market Rates APY MIN MAX
Savings
0.05% $10 - Learn More
Money Market
0.40% $2,500 $49,999 Learn More
CD Rates APY MIN MAX
3 Mo CD
0.25% $2,500 - Learn More
6 Mo CD
0.35% $2,500 - Learn More
12 Mo CD
0.45% $500 - Learn More
24 Mo CD
0.40% $500 - Learn More
36 Mo CD
0.40% $500 - Learn More
48 Mo CD
0.30% $500 - Learn More
60 Mo CD
0.40% $500 - Learn More

Fixed IRA Rates APY MIN MAX
Fixed IRA
0.40% $500 - Learn MoreShow Less
Variable IRA Rates APY MIN MAX
Var IRA
0.30% $10 - Learn MoreShow Less
Checking Rates APY MIN FEE
e by UniBank 0.50% $250 $35.00 Learn MoreShow Less
Free Checking 0.00% $0 $0.00 Learn MoreShow Less

Loan Rates - July 10, 2020

Your Current Location: Connecticut, CT 06828

There are currently no loan rates available for UniBank for Savings

Please contact the bank for questions about their loan products. In the meantime you may wish to consider these offerings:




Featured - Connecticut 30 Year Fixed Mortgage Rates 2020

Lender APR Rate (%) Points Fees Monthly
Payment
Learn More
AimLoan.com
NMLS ID: 2890
License#: 13256
2.950% 2.875% 1.00 $2,438 $1,038 Learn More

Featured - Connecticut Home Equity Line Of Credit Rates 2020

Lender APR (%)? Monthly Payment? Learn More
Third Federal Savings and Loans
Third Federal Savings and Loans
2.990 %
$0 Learn More
More Info

Note to UniBank for Savings
To upload and update your bank's rates please register. It is free to register and add rates.

Branches

UniBank for Savings 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


UniBank for Savings Locations


Financial Details

UniBank for Savings Ratio Analysis

The following ratios and data are available to help you better understand the financial condition of UniBank for Savings. 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
UniBank for Savings U.S. Bank Average
8.56% 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, UniBank for Savings had $14,690,000 in non-current loans and $765,000 in owned real estate. To cover these potential losses it had $165,687,000 in equity and $14,800,000 in loans loss reserves. That gives it a Texas Ratio of 8.56%.

Return on Equity
UniBank for Savings U.S. Bank Average
5.25% 7.80%

UniBank for Savings has a Return on Equity of 5.25% 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
UniBank for Savings U.S. Bank Average
8.05% 12.68%

UniBank for Savings has a Capitalization of 8.05% 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.

UniBank for Savings Balance Sheet Analysis

As of March 31, 2020, UniBank for Savings had assets of $2,057,059,000, loans of $1,397,776,000, and deposits of $1,709,668,000. 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 $ 366.71 million
Interest-bearing balances $ 352.47 million
Total securities $ 220.74 million
Federal funds sold and reverse repurchase $ 0.03 million
Net loans and leases $ 1,397.78 million
Loan loss allowance $ 14.80 million
Trading account assets $ 15.76 million
Bank premises and fixed assets N.A.
Other real estate owned $ 0.77 million
Goodwill and other intangibles $ 0.50 million
All other assets $ 36.71 million
     Total Assets $ 1,891.37 million
LIABILITIES
Total deposits $ 1,709.67 million
      Interest-bearing deposits $ 1,539.50 million
      Deposits held in domestic offices $ 1,709.67 million
      % insured (estimated) 43.00%
Federal funds purchased and repurchase agreements N.A.
Trading liabilities $ 15.76 million
Other borrowed funds $ 150.00 million
Subordinated debt N.A.
All other liabilities $ 15.95 million
      Total Liabilities $ 1,891.37 million
      Shareholders’ Equity $ 165.69 million

Summary Income Statement

March 31, 2020
INCOME AND EXPENSES
Total Interest Income $ 15.72 million
Total Interest Expense $ 2.57 million
Net interest income $ 13.15 million
Provision for loan and lease losses $ 0.75 million
Total non interest income $ 3.47 million
Total non interest expense $ 13.08 million
Pre-tax Net Operating Income $ 2.79 million

Bank Loan Profile?

The top three loan types in UniBank for Savings’s loan portfolio are 1-4 Family Residential Loans, Commercial Real Estate, and Construction and Development Loans.

Compared to other banks, UniBank for Savings’s loan portfolio does not show any specific loan specialty.

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 36.13
Multifamily
Mortgages
0.08
Credit Card Loans 0.00
Consumer Auto Loans 0.20
Small Business Loans 1.22
Construction and Development Loans 8.41
Commercial Real Estate 20.36
Commercial and Industrial Loans 5.29
Farm Loans 0.00

Frequently Asked Questions About Unibank For Savings

Branches and Savings

Is Unibank For Savings FDIC insured?

Yes. It is covered under FDIC Certificate #90290.

Why does Unibank For Savings pay such low interest on savings accounts?

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

Why are Unibank For Savings CD rates not competitive?

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

Is Unibank For Savings a commercial bank?

Yes

Where are Unibank For Savings locations?

See branch locations nearby.

Is Unibank For Savings open on Saturdays?

Is Unibank For Savings open on Sundays?

What time does Unibank For Savings open?

What time does Unibank For Savings close?

Are Unibank For Savings ATMs Open 24/7?

Do Unibank For Savings ATMs accept cash deposits?

Can Unibank For Savings customers use other ATMs?

Do Unibank For Savings branches have notaries?

Will Unibank For Savings notarize my document?

What address for Unibank For Savings should I put for incoming ACH transfers?

Will the Unibank For Savings branch print checks?

Do Unibank For Savings checks expire?

Does Unibank For Savings require US citizenship to open account?

Can Unibank For Savings close my account?

Does Unibank For Savings Report to credit bureaus?

Does Unibank For Savings Use Equifax?

What is Unibank For Savings's ACH Routing Number?

What is Unibank For Savings's SWIFT code?

Products

Does Unibank For Savings offer mortgages?

Compare mortgage rates here.

Does Unibank For Savings offer home equity lines of credit and home equity loans?

Compare home equity lines of credit rates here.

Does Unibank For Savings offer personal loans?

Compare personal loan rates here.

Does Unibank For Savings offer student loans?

Will Unibank For Savings cash a check?

Will Unibank For Savings redeem a savings bond?

Does Unibank For Savings cash savings bonds?

Will Unibank For Savings cash money orders?

Can Unibank For Savings issue a money order?

Does Unibank For Savings do currency exchange?

Background on The Bank

Who owns Unibank For Savings?

How long has Unibank For Savings been around?

Can Unibank For Savings transfer to other banks?

Does Unibank For Savings have quick pay?

Does Unibank For Savings accept rolled coins?

Will Unibank For Savings accept loose change?

Where is Unibank For Savings headquarters?

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