Windsor Federal Savings and Loan Association

Headquarters

250 Broad St
Windsor, CT 06095
See all branch locations →

Notable Rates APY Vs.Others
Savings 0.10% 1.20% →
1-Year CD 0.25% 1.10% →
2-Year CD 0.35% 1.15% →
5-Year CD 0.75% 1.56% →
30-Year Mortgage 5.10% 3.09% →
15-Year Mortgage 4.41% 2.59% →
HELOC N.A. 2.77% →

2020 Overview

General Bank Information

Windsor Federal Savings and Loan Association is an FDIC insured institution located in Windsor, CT. It was founded in 1935 and has approximately $0.56 billion in assets. Customers can open an account at one of its 11 branches.

FDIC Insured Yes
FDIC Certificate # 29632
Date Established 1935
Assets $ 557.05 million
Loans $ 406.99 million
Deposits $ 476.77 million
Capital $ 66.18 million
 

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

Deposit Rates - August 3, 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
0.10% $2,500 $2,999 Learn More
Money Market
0.10% $10,000 $14,999 Learn More
Money Market
0.10% $25,000 $29,999 Learn More
CD Rates APY MIN MAX
3 Mo CD
0.10% $10,000 $14,999 Learn More
3 Mo CD
0.10% $100,000 $199,999 Learn More
6 Mo CD
0.15% $10,000 $14,999 Learn More
6 Mo CD
0.15% $100,000 $199,999 Learn More
12 Mo CD
0.25% $10,000 $14,999 Learn More
12 Mo CD
0.25% $100,000 $199,999 Learn More
18 Mo CD
0.30% $10,000 $14,999 Learn More
18 Mo CD
0.30% $100,000 $199,999 Learn More
24 Mo CD
0.35% $10,000 $14,999 Learn More
24 Mo CD
0.35% $100,000 $199,999 Learn More
30 Mo CD
0.40% $10,000 $14,999 Learn More
30 Mo CD
0.40% $100,000 $199,999 Learn More
36 Mo CD
0.50% $10,000 $14,999 Learn More
36 Mo CD
0.50% $100,000 $199,999 Learn More
48 Mo CD
0.65% $10,000 $14,999 Learn More
48 Mo CD
0.65% $100,000 $199,999 Learn More
60 Mo CD
0.75% $10,000 $14,999 Learn More
60 Mo CD
0.75% $100,000 $199,999 Learn More

Int Checking Rates APY MIN MAX
Int Ckg
0.03% $2,500 $3,499 Learn MoreShow Less

Loan Rates - August 3, 2020

Your Current Location: Connecticut, CT 06828

Home Equity Rates APR Rate Monthly Payment
Auto Loan Rates APR Rate Monthly Payment
3 Year 5.49% 5.49% $754.78
4 Year 5.49% 5.49% $581.30
5 Year 5.49% 5.49% $477.41
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.

Branches

Windsor Federal Savings and Loan Association 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


Windsor Federal Savings and Loan Association Locations


Financial Details

Windsor Federal Savings and Loan Association Ratio Analysis

The following ratios and data are available to help you better understand the financial condition of Windsor Federal Savings and Loan Association. 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
Windsor Federal Savings and Loan Association U.S. Bank Average
2.88% 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, Windsor Federal Savings and Loan Association had $2,004,000 in non-current loans and $0 in owned real estate. To cover these potential losses it had $66,175,000 in equity and $3,466,000 in loans loss reserves. That gives it a Texas Ratio of 2.88%.

Return on Equity
Windsor Federal Savings and Loan Association U.S. Bank Average
4.77% 7.80%

Windsor Federal Savings and Loan Association has a Return on Equity of 4.77% 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
Windsor Federal Savings and Loan Association U.S. Bank Average
11.88% 12.68%

Windsor Federal Savings and Loan Association has a Capitalization of 11.88% 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.

Windsor Federal Savings and Loan Association Balance Sheet Analysis

As of March 31, 2020, Windsor Federal Savings and Loan Association had assets of $557,048,000, loans of $406,988,000, and deposits of $476,766,000. 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 $ 38.82 million
Interest-bearing balances $ 32.64 million
Total securities $ 86.87 million
Federal funds sold and reverse repurchase $ 0.27 million
Net loans and leases $ 406.99 million
Loan loss allowance $ 3.47 million
Trading account assets N.A.
Bank premises and fixed assets N.A.
Other real estate owned N.A.
Goodwill and other intangibles $ 0.88 million
All other assets $ 18.54 million
     Total Assets $ 490.87 million
LIABILITIES
Total deposits $ 476.77 million
      Interest-bearing deposits $ 351.54 million
      Deposits held in domestic offices $ 476.77 million
      % insured (estimated) 77.93%
Federal funds purchased and repurchase agreements $ 10.34 million
Trading liabilities N.A.
Other borrowed funds N.A.
Subordinated debt N.A.
All other liabilities $ 3.77 million
      Total Liabilities $ 490.87 million
      Shareholders’ Equity $ 66.18 million

Summary Income Statement

March 31, 2020
INCOME AND EXPENSES
Total Interest Income $ 4.99 million
Total Interest Expense $ 0.62 million
Net interest income $ 4.37 million
Provision for loan and lease losses $ 0.21 million
Total non interest income $ 0.56 million
Total non interest expense $ 3.79 million
Pre-tax Net Operating Income $ 0.94 million

Bank Loan Profile?

The top three loan types in Windsor Federal Savings and Loan Association’s loan portfolio are 1-4 Family Residential Loans, Commercial Real Estate, and Commercial and Industrial Loans.

Compared to other banks in Connecticut, Windsor Federal Savings and Loan Association 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.

%
Loans
%
Comparison to Other Banks
 Low   Med   High 
1-4 Family Residential Loans 38.00
Multifamily
Mortgages
1.85
Credit Card Loans 0.00
Consumer Auto Loans 0.00
Small Business Loans 11.17
Construction and Development Loans 4.62
Commercial Real Estate 28.07
Commercial and Industrial Loans 12.33
Farm Loans 0.00

Frequently Asked Questions About Windsor Federal Savings And Loan Association

Branches and Savings

Is Windsor Federal Savings And Loan Association FDIC insured?

Yes. It is covered under FDIC Certificate #29632.

Why does Windsor Federal Savings And Loan Association pay such low interest on savings accounts?

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

Why are Windsor Federal Savings And Loan Association CD rates not competitive?

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

Is Windsor Federal Savings And Loan Association a commercial bank?

Yes

Where are Windsor Federal Savings And Loan Association locations?

See branch locations nearby.

Is Windsor Federal Savings And Loan Association open on Saturdays?

Is Windsor Federal Savings And Loan Association open on Sundays?

What time does Windsor Federal Savings And Loan Association open?

What time does Windsor Federal Savings And Loan Association close?

Are Windsor Federal Savings And Loan Association ATMs Open 24/7?

Do Windsor Federal Savings And Loan Association ATMs accept cash deposits?

Can Windsor Federal Savings And Loan Association customers use other ATMs?

Do Windsor Federal Savings And Loan Association branches have notaries?

Will Windsor Federal Savings And Loan Association notarize my document?

What address for Windsor Federal Savings And Loan Association should I put for incoming ACH transfers?

Will the Windsor Federal Savings And Loan Association branch print checks?

Do Windsor Federal Savings And Loan Association checks expire?

Does Windsor Federal Savings And Loan Association require US citizenship to open account?

Can Windsor Federal Savings And Loan Association close my account?

Does Windsor Federal Savings And Loan Association Report to credit bureaus?

Does Windsor Federal Savings And Loan Association Use Equifax?

What is Windsor Federal Savings And Loan Association's ACH Routing Number?

What is Windsor Federal Savings And Loan Association's SWIFT code?

Products

Does Windsor Federal Savings And Loan Association offer mortgages?

Compare mortgage rates here.

Does Windsor Federal Savings And Loan Association offer home equity lines of credit and home equity loans?

Compare home equity lines of credit rates here.

Does Windsor Federal Savings And Loan Association offer personal loans?

Compare personal loan rates here.

Does Windsor Federal Savings And Loan Association offer student loans?

Will Windsor Federal Savings And Loan Association cash a check?

Will Windsor Federal Savings And Loan Association redeem a savings bond?

Does Windsor Federal Savings And Loan Association cash savings bonds?

Will Windsor Federal Savings And Loan Association cash money orders?

Can Windsor Federal Savings And Loan Association issue a money order?

Does Windsor Federal Savings And Loan Association do currency exchange?

Background on The Bank

Who owns Windsor Federal Savings And Loan Association?

How long has Windsor Federal Savings And Loan Association been around?

Can Windsor Federal Savings And Loan Association transfer to other banks?

Does Windsor Federal Savings And Loan Association have quick pay?

Does Windsor Federal Savings And Loan Association accept rolled coins?

Will Windsor Federal Savings And Loan Association accept loose change?

Where is Windsor Federal Savings And Loan Association headquarters?

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