Unity Bank

64 Old Highway 22
Clinton, NJ 08809

Notable Rates APY Vs.Others
Savings 0.05% 2.20% →
1-Year CD 0.50% 2.20% →
2-Year CD 1.00% 2.20% →
5-Year CD 1.75% 2.60% →
30-Year Mortgage 4.10% 3.31% →
15-Year Mortgage 3.80% 2.77% →
HELOC N.A. 4.00% →

2020 Overview

General Bank Information

Unity Bank is an FDIC insured institution located in Clinton, NJ. It was founded in 1991 and has approximately $1.66 billion in assets. Customers can open an account at one of its 18 branches.

FDIC Insured Yes
FDIC Certificate # 33503
Date Established 1991
Assets $1.66 billion
Loans $1.35 billion
Deposits $1.28 billion
Capital $0.16 billion

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

Deposit Rates - February 25, 2020

Your Current Location: Virginia, VA 20146

Savings and Money Market Rates APY MIN MAX
Money Market
0.05% $2,000 $9,999 Learn MoreShow Less
Money Market
0.10% $10,000 - Learn MoreShow Less
3 Mo CD
0.25% $1,000 - Learn MoreShow Less
Special: 6 Mo CD
1.40% $1,000 - Learn MoreShow Less
6 Mo CD
0.35% $1,000 - Learn MoreShow Less
Special: 10 Mo CD
1.60% $1,000 - Learn MoreShow Less
12 Mo CD
0.50% $1,000 - Learn MoreShow Less
24 Mo CD
1.00% $1,000 - Learn MoreShow Less
36 Mo CD
1.25% $1,000 - Learn MoreShow Less
48 Mo CD
1.50% $1,000 - Learn MoreShow Less
60 Mo CD
1.75% $1,000 - Learn MoreShow Less

Fixed IRA
0.50% $500 - Learn MoreShow Less
Special: 6 Mo FIRA
1.40% $1,000 - Learn MoreShow Less
Special: 10 Mo FIRA
1.60% $1,000 - Learn MoreShow Less
Variable IRA Rates APY MIN MAX
0.05% $100 $4,999 Learn MoreShow Less
Int Checking Rates APY MIN MAX
Int Ckg
0.05% $2,000 $3,999 Learn MoreShow Less

Loan Rates - February 25, 2020

Your Current Location: Virginia, VA 20146

Home Equity Rates APR Rate Monthly Payment
Auto Loan Rates APR Rate Monthly Payment
3 Year 4.75% 4.75% $746.47
4 Year 4.75% 4.75% $572.91
5 Year 4.75% 4.75% $468.92
Refinance Mortgage Rates APR Rate Monthly Payment
Purchase 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.


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

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Unity Bank Locations

Financial Details

Unity Bank Ratio Analysis

The following ratios and data are available to help you better understand the financial condition of Unity 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
Unity Bank U.S. Bank Average
4.29% 6.70%

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 September 30, 2019, Unity Bank had $5,722,000 in non-current loans and $1,723,000 in owned real estate. To cover these potential losses it had $157,661,000 in equity and $16,002,000 in loans loss reserves. That gives it a Texas Ratio of 4.29%.

Return on Equity
Unity Bank U.S. Bank Average
14.9% 9.72%

Unity Bank has a Return on Equity of 14.9% versus the BestCashCow average of 9.72%. 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.

Unity Bank U.S. Bank Average
9.5% 12.89%

Unity Bank has a Capitalization of 9.5% versus the BestCashCow average of 12.89. 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.

Unity Bank Balance Sheet Analysis

As of September 30, 2019, Unity Bank had assets of $1,658,759,000, loans of $1,354,799,000, and deposits of $1,275,492,000. 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

September 30, 2019
Cash & Balances due from depository institutions $0.16 billion
Interest-bearing balances $0.14 billion
Total securities $0.06 billion
Federal funds sold and reverse repurchase $0.00 billion
Net loans and leases $1.35 billion
Loan loss allowance $0.02 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 $0.05 billion
     Total Assets $1.50 billion
Total deposits $1.28 billion
      Interest-bearing deposits $1.00 billion
      Deposits held in domestic offices $1.28 billion
      % insured (estimated) 65.18%
Federal funds purchased and repurchase agreements $0.00 billion
Trading liabilities $0.00 billion
Other borrowed funds $0.21 billion
Subordinated debt $0.00 billion
All other liabilities $0.01 billion
      Total Liabilities $1.50 billion
      Shareholders’ Equity $0.16 billion

Summary Income Statement

September 30, 2019
Total Interest Income $0.06 billion
Total Interest Expense $0.01 billion
Net interest income $0.04 billion
Provision for loan and lease losses $0.00 billion
Total non interest income $0.01 billion
Total non interest expense $0.03 billion
Pre-tax Net Operating Income $0.02 billion

Bank Loan Profile?

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

Compared to other banks in New Jersey, Unity Bank has a significantly higher percent of Small Business 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.

Comparison to Other Banks
 Low   Med   High 
1-4 Family Residential Loans 40.95
Credit Card Loans 0.00
Consumer Auto Loans 0.01
Small Business Loans 16.44
Construction and Development Loans 9.82
Commercial Real Estate 44.55
Commercial and Industrial Loans 5.74
Farm Loans 0.00

Frequently Asked Questions About Unity Bank

Branches and Savings

Is Unity Bank FDIC insured?

Yes. It is covered under FDIC Certificate #33503.

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

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

Why are Unity Bank CD rates not competitive?

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

Is Unity Bank a commercial bank?


Where are Unity Bank locations?

See branch locations nearby.

Is Unity Bank open on Saturdays?

Is Unity Bank open on Sundays?

What time does Unity Bank open?

What time does Unity Bank close?

Are Unity Bank ATMs Open 24/7?

Do Unity Bank ATMs accept cash deposits?

Can Unity Bank customers use other ATMs?

Do Unity Bank branches have notaries?

Will Unity Bank notarize my document?

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

Will the Unity Bank branch print checks?

Do Unity Bank checks expire?

Does Unity Bank require US citizenship to open account?

Can Unity Bank close my account?

Does Unity Bank Report to credit bureaus?

Does Unity Bank Use Equifax?

What is Unity Bank's ACH Routing Number?

What is Unity Bank's SWIFT code?


Does Unity Bank offer mortgages?

Compare mortgage rates here.

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

Compare home equity lines of credit rates here.

Does Unity Bank offer personal loans?

Compare personal loan rates here.

Does Unity Bank offer student loans?

Will Unity Bank cash a check?

Will Unity Bank redeem a savings bond?

Does Unity Bank cash savings bonds?

Will Unity Bank cash money orders?

Can Unity Bank issue a money order?

Does Unity Bank do currency exchange?

Background on The Bank

Who owns Unity Bank?

How long has Unity Bank been around?

Can Unity Bank transfer to other banks?

Does Unity Bank have quick pay?

Does Unity Bank accept rolled coins?

Will Unity Bank accept loose change?

Where is Unity Bank headquarters?

Customer Reviews for Unity Bank

  • February 26, 2018 |

    CDs 36 Month Rates

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