3 starsAverage User Rating:

Hudson City Savings Bank

W. 80 Century Road
Paramus, NJ 07652
W. 80 Century Road
www.hcsbonline.com
 

Related Blog Posts

Hudson City Savings Bank Cuts Savings Account and CD Rates - 3/19/2010

The Hudson City Internet Money Market Savings yield fell from 1.25% to 1.15% APY. CD rates were also cut. Many of the CD yields were lowered by 15 basis points. The highest rate is now 3.25% APY on t ...

Competitive Long-Term CD Rates at Hudson City Savings Bank - Available Nationwide - 12/9/2009

Hudson City Savings Bank continues to offer competitive rates on its long-term internet CDs. The rates are down a bit since October but they remain competitive. The following are the rates as listed on its internet accounts page as of 12/09/09:2.30% APY...

3.00% 36-Month CD, 3.50% 60-Month CD & Other Competitive CD Rates at Hudson City Savings Bank - Available Nationwide - 10/5/2009

Hudson City Savings Bank is offering some very competitive rates on its long-term internet CDs. Minimum deposit is $5,000. The following are the rates as listed on its internet accounts page as of 10/05/09:2.50% APY 24 month3.00% APY 36 month3.25% APY 48...

2.50% 24-Month CD and Competitive Savings Account at Hudson City Savings Bank - Available Nationwide - 9/20/2009

Hudson City Savings Bank is offering a competitive rate of 2.50% APY on its 24-month internet CD. The shorter terms are not quite as competitive. These include a 1.85% APY 12-month CD and a 2.00% APY 18-month CD. Minimum deposit is $5,000. These rates...

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See Rates for: Checking | Savings | Money Market | CD | IRA

Checking Accounts

ApyMinMaxProduct
1.00%$10k-High Value Checking
1.00%$25k-Money Market Checking
1.00%$5k-Better Interest Banking
0.75%$1k-Super NOW Account

Savings Accounts

ApyMinMaxProduct
0.75%--Passbook
0.75%--Statement
0.75%--Holiday Club
0.75%--Vacation Club

Money Market Accounts

ApyMinMaxProduct
1.00%$2,500-Money Market Savings
1.00%--Internet Money Market Savings

Certificates of Deposit

ApyMinMaxProduct
3.00%$500-5 Year CD
2.75%$500-4 Year CD
2.25%$500-3 Year CD
2.25%--Internet 3 Yr CD
2.00%$500-2 Year CD
2.00%$500-30 Month CD
2.00%--Internet 2 YR CD
1.50%$500-18 Month CD
1.25%$500-1 Year CD
1.25%$500-13 Months CD
1.15%$500-9 Month CD
1.10%$500-7 Month CD
1.05%$500-6 Months CD
1.00%$500-3 Month CD
1.00%$500-4 Month CD
1.00%$500-5 Month CD

IRA Accounts

ApyMinMaxProduct
3.00%$500-5 Year IRA
3.00%$500-5 Year Roth IRA
3.00%$500-5 Year SEP IRA
3.00%$500-5 Year CESA
2.75%$500-4 Year IRA
2.75%$500-4 Year Roth IRA
2.75%$500-4 Year SEP IRA
2.75%$500-4 Year CESA
2.25%$500-3 Year IRA
2.25%--Internet 3 Yr IRA
2.25%$500-3 Year Roth IRA
2.25%--Internet 3 Yr Roth IRA
2.25%$500-3 Year SEP IRA
2.25%$500-3 Year CESA
2.25%--Internet 3 Yr SEP IRA
2.25%--Internet 3 Yr CESA
2.00%$500-2 Year IRA
2.00%--Internet 2 YR IRA
2.00%$500-30 Month IRA
2.00%$500-2 Year Roth IRA
2.00%--Internet 2 YR Roth IRA
2.00%$500-30 Month Roth IRA
2.00%$500-2 Year SEP IRA
2.00%$500-2 Year CESA
2.00%--Internet 2 YR SEP IRA
2.00%--Internet 2 YR CESA
2.00%$500-30 Month SEP IRA
2.00%$500-30 Month CESA
1.50%$500-18 Month IRA
1.50%$500-18 Month Roth IRA
1.50%$500-18 Month SEP IRA
1.50%$500-18 Month CESA
1.25%$500-1 Year IRA
1.25%$500-13 Month IRA
1.25%$500-1 Year Roth IRA
1.25%$500-13 Month Roth IRA
1.25%$500-1 Year SEP IRA
1.25%$500-1 Year CESA
1.25%$500-13 Month SEP IRA
1.25%$500-13 Month CESA
1.15%$500-9 Month IRA
1.15%$500-9 Month Roth IRA
1.15%$500-9 Month SEP IRA
1.15%$500-9 Month CESA
1.10%$500-7 Month IRA
1.10%$500-7 Month Roth IRA
1.10%$500-7 Month SEP IRA
1.10%$500-7 Month CESA
1.05%$500-6 Months IRA
1.05%$500-6 Months Roth IRA
1.05%$500-6 Months SEP IRA
1.05%$500-6 Months CESA
1.00%$500-3 Month IRA
1.00%$500-4 Month IRA
1.00%$500-5 Month IRA
1.00%$500-3 Month Roth IRA
1.00%$500-4 Month Roth IRA
1.00%$500-5 Month Roth IRA
1.00%$500-3 Month SEP IRA
1.00%$500-3 Month CESA
1.00%$500-4 Month SEP IRA
1.00%$500-4 Month CESA
1.00%$500-5 Month SEP IRA
1.00%$500-5 Month CESA

Institution Statistics


FDIC Certificate #13074
OTS #17969
BankRate ReportView
Year Established1868
Employees1500
Primary RegulatorOTS

Assets and Liabilities

Assets$61.11 billion
Loans$32.02 billion
Deposits$25.62 billion
Equity Capital$4.94 billion
Loan Loss Allowance$165.83 million
Unbacked Noncurrent Loans$703.88 million
Real Estate Owned$19.56 million

Historic Data - March 2009

Assets$56.12 billion
Equity Capital$4.64 billion
Loan Loss Allowance$165.83 million
Unbacked Noncurrent Loans$312.23 million
Real Estate Owned$11.63 million

Profit Margin - Quarterly

Net Interest Margin2.23%
Return on Assets0.97%
Return on Equity11.99%
Interest Income$734.87 million

Institution Health


Overall Score:
3 out of 5
3
Texas Ratio5
The Texas Ratio is an indicator of how much funds a bank has available compared to the total value of loans considered at risk. As of March 31, 2010 Hudson City Savings Bank had $723.44 million in non-current loans and owned real-estate with $5.1 billion in equity and loan loss allowances on hand to cover it. This gives Hudson City Savings Bank a Texas Ratio of 14.18% which is excellent. Any bank with a Texas Ratio near or greater than 100% is considered at risk.
Texas Ratio Trend0
The Texas Ratio for Hudson City Savings Bank increased dramatically from 6.74% as of March 31, 2009 to 14.18% as of March 31, 2010, resulting in a negative change of 110.51%. This indicates that the balance sheet and financial strength for Hudson City Savings Bank has declined dramatically in recent periods.
Deposit Growth5
In the past year, Hudson City Savings Bank has increased it's total deposits by $5.01 billion, resulting in 24.28% growth for the year. A strong track record of growth is an indicator of consumer confidence and the bank's ability to strengthen its balance sheet. The growth Hudson City Savings Bank has shown is excellent.
Capitalization2
Both FDIC and NCUA consider capitalization levels of banks and credit unions to be of high importance. Higher capitalization allows for a greater buffer when cover loans that may fail in the future. Hudson City Savings Bank has $61.11 billion in assets with $5.1 billion in equity, resulting in a capitalization level of 8.35%, which is below average.
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Ode To A Lost Hero
- theteach - Sunday, July 11, 2010 - 7:45 PM

And finally, here is my ode to a lost  hero, Hudson City Savings. Back when brick and mortar banks reigned supreme, Hudson City always stood head and shoulders above the rest. Their interest yields were always impressive, especially within the High Yield Checking accounts. Their customer service was always stalwart. How I will miss those days, as it's so hard to complete with the online banks. Today, I will pay homage to the bank that generations enjoyed for such a long time. Hudson City was the stuff your grandparents loved.

 

Lou

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