Union County Savings Bank

320 North Broad Street
Elizabeth, NJ 07207

Overview

General Bank Information

FDIC Insured Yes
FDIC Certificate # 12013
Date Established 1883
Assets $1.79 billion
Loans $0.11 billion
Deposits $1.54 billion
Capital $0.24 billion

Union County Savings Bank is an FDIC insured institution located in Elizabeth, NJ. It was founded in 1883 and has approximately $1.79 billion in assets. Customers can open an account at one of its 4 branches.

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

Bank Loan Profile?

The top three loan types in Union County Savings Bank’s loan portfolio are 1-4 Family Residential Loans, Commercial Real Estate, and Small Business Loans.

Compared to other banks in New Jersey, Union County Savings Bank has a significantly higher percent of 1-4 Family Residential 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 87.71
Multifamily
Mortgages
2.07
Credit Card Loans 0.00
Consumer Auto Loans 0.00
Small Business Loans 6.48
Construction and Development Loans 0.00
Commercial Real Estate 8.99
Commercial and Industrial Loans 0.00
Farm Loans 0.00

Deposit Rates

Your Current Location: Virginia, VA 20146

CD Rates APY MIN MAX
3 Mo CD 10K
0.80% $7,500 $99,999 Learn MoreShow Less
3 Mo CD 100K
1.05% $100,000 - Learn MoreShow Less
Savings Rates APY MIN MAX
MM Rates APY MIN MAX
MM 10K
0.75% $2,500 - Learn MoreShow Less

Loan Rates

Your Current Location: Virginia, VA 20146

There are currently no loan rates available for Union County Savings Bank

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

Featured - Virginia 30 Year Fixed Mortgage Rates 2018

Lender APR Rate (%) Points Fees Monthly
Payment
Learn More
AmeriSave Mortgage Corporation
NMLS ID: 1168
4.564% 4.500% 0.25 $1,878 $1,267 Learn More
AmeriSave Mortgage Corporation
NMLS ID: 1168
License#: MC-2462
4.556% 4.500% 0.13 $1,632 $1,267 Learn More
AimLoan.com NMLS#2890
NMLS ID: 2890
License#: MC-3098
4.325% 4.250% 0.50 $2,337 $1,230 Learn More
PenFed Credit Union
NMLS ID: 401822
4.585% 4.500% 0.00 $2,500 $1,267 Learn More

Featured - Virginia Home Equity Line Of Credit Rates 2018

Lender Rate (%) Monthly Payment Learn More
Third Federal Savings & Loan Assoc. of Cleveland 3.990% $238.42 Learn More
Flagstar Bank 5.490% $283.58 Learn More

Note to Union County Savings Bank
To upload and update your bank's rates please register. It is free to register and add rates.

Branches

Union County Savings 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:
Ashburn,Virginia


Union County Savings Bank Locations

Financial Details

Union County Savings Bank Ratio Analysis

The following ratios and data are available to help you better understand the financial condition of Union County Savings 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
Union County Savings Bank U.S. Bank Average
4.49% 8.32%

The Texas Ratio compares the bank’s non performing assets (non-performing loans and real estate owned) with its the bank’s 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 September 30, 2017, Union County Savings Bank had $10,778,000 in non-current loans and $0 in owned real estate. To cover these potential losses it had $238,984,000 in equity and $798,000 in loans loss reserves. That gives it a Texas Ratio of 4.49%.

Return on Equity
Union County Savings Bank U.S. Bank Average
4.47% 8.84%

Union County Savings Bank has a Return on Equity of 4.47% versus the BestCashCow average of 8.84%. 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
Union County Savings Bank U.S. Bank Average
13.37% 12.21%

Union County Savings Bank has a Capitalization of 13.37% versus the BestCashCow average of 12.21. 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.

Union County Savings Bank Balance Sheet Analysis

As of December 31, 2017, Union County Savings Bank had assets of $1,787,966,000, loans of $110,522,000, and deposits of $1,535,715,000. 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

ASSETS
Cash & Balances due from depository institutions $0.29 billion
Interest-bearing balances $0.29 billion
Total securities $1.36 billion
Federal funds sold and reverse repurchase $0.00 billion
Net loans and leases $0.11 billion
Loan loss allowance $0.00 billion
Trading account assets $0.00 billion
Bank premises and fixed assets $0.00 billion
Other real estate owned $0.00 billion
Goodwill and other intangibles $0.00 billion
All other assets $0.02 billion
     Total Assets $1.55 billion
LIABILITIES
Total deposits $1.54 billion
      Interest-bearing deposits $1.50 billion
      Deposits held in domestic offices $1.54 billion
      % insured (estimated) 90.15%
Federal funds purchased and repurchase agreements $0.00 billion
Trading liabilities $0.00 billion
Other borrowed funds $0.00 billion
Subordinated debt $0.00 billion
All other liabilities $0.01 billion
      Total Liabilities $1.55 billion
      Shareholders’ Equity $0.24 billion

Summary Income Statement

INCOME AND EXPENSES
Total Interest Income $0.04 billion
Total Interest Expense $0.02 billion
Net interest income $0.02 billion
Provision for loan and lease losses $0.00 billion
Total non interest income $0.00 billion
Total non interest expense $0.01 billion
Pre-tax Net Operating Income $0.02 billion

Frequently Asked Questions About Union County Savings Bank

Branches and Savings

Is Union County Savings Bank FDIC insured?

Yes. It is covered under FDIC Certificate #12013.

Why does Union County Savings Bank pay such low interest on savings accounts?

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

Why are Union County Savings Bank CD rates not competitive?

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

Is Union County Savings Bank a commercial bank?

Yes

Where are Union County Savings Bank locations?

See branch locations nearby.

Is Union County Savings Bank open on Saturdays?

Is Union County Savings Bank open on Sundays?

What time does Union County Savings Bank open?

What time does Union County Savings Bank close?

Are Union County Savings Bank ATMs Open 24/7?

Do Union County Savings Bank ATMs accept cash deposits?

Can Union County Savings Bank customers use other ATMs?

Do Union County Savings Bank branches have notaries?

Will Union County Savings Bank notarize my document?

What address for Union County Savings Bank should I put for incoming ACH transfers?

Will the Union County Savings Bank branch print checks?

Do Union County Savings Bank checks expire?

Does Union County Savings Bank require US citizenship to open account?

Can Union County Savings Bank close my account?

Does Union County Savings Bank Report to credit bureaus?

Does Union County Savings Bank Use Equifax?

What is Union County Savings Bank's ACH Routing Number?

What is Union County Savings Bank's SWIFT code?

Products

Does Union County Savings Bank offer mortgages?

Compare mortgage rates here.

Does Union County Savings Bank offer home equity lines of credit and home equity loans?

Compare home equity lines of credit rates here.

Does Union County Savings Bank offer personal loans?

Compare personal loan rates here.

Does Union County Savings Bank offer student loans?

Will Union County Savings Bank cash a check?

Will Union County Savings Bank redeem a savings bond?

Does Union County Savings Bank cash savings bonds?

Will Union County Savings Bank cash money orders?

Can Union County Savings Bank issue a money order?

Does Union County Savings Bank do currency exchange?

Background on The Bank

Who owns Union County Savings Bank?

How long has Union County Savings Bank been around?

Can Union County Savings Bank transfer to other banks?

Does Union County Savings Bank have quick pay?

Does Union County Savings Bank accept rolled coins?

Will Union County Savings Bank accept loose change?

Where is Union County Savings Bank headquarters?

Customer Reviews for Union County Savings Bank


  • Cecilia

    October 13, 2017 |

    Miscount money, saving book numbers entered incorrectly, no accountability

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