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1 star rating based on 1 review.

OneUnited Bank

OneUnited Bank Locations
100 Franklin St
Boston, MA 02110
1-877-663-8648
www.oneunited.com

FDIC
When you join OneUnited Bank, you join thousands of families, organizations, and business owners acroos the country that are committed to the development of urban communities just like yours. They look forward to serving your needs. Your business and support are the keys to their success.

Related Posts

OneUnited Highlighted in CNN Article on US Bailouts of Unsafe Banks - 1/9/2009

This CNN article reviews the issue of the Treasury giving out TARP funds to unhealthy banks. Many consider it bad policy to be helping these unhealthy banks while ignoring the safe-and-sound banks. OneUnited Bank was specifically mentioned:Consider the...

FDIC Cites OneUnited Bank for Violations - 11/29/2008

The FDIC didn't make any bank seizures yesterday, but it did release October enforcement actions. There were 14 cease and desist orders, and one of those 14 was issued against OneUnited Bank. The order (pdf) lists several unsafe and unsound activities. A...

4.25% 5-Month CD at OneUnited Bank in Los Angeles, Miami and Boston - 11/25/2008

Update 12/08/08: The CD rate has gone down. A reader reported this rate to be 3.75% APY as of today. Please check with the bank for the latest rates.Update 11/29/08: OneUnited receives Cease and Desist Order from FDIC (see post).OneUnited Bank is...

More Savings Account Rate Cuts - E*TRADE, EmigrantDirect and Others - 3/7/2008

Update: OneUnited just slashed the rate this Friday afternoon on its online savings account from 4.60% to 4.00% APY.Online banks continue to cut their savings account rates. The cut at E*TRADE Bank was the most disappointing. The rate on their Complete...

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

OneUnited Bank Checking Account Rates

ApyMinMaxProduct
0.50%$25k-UNITY Gold Checking
0.10%$100-UNITY Business Checking
0.10%$100-UNITY Non Profit Checking

OneUnited Bank Savings Account Rates

ApyMinMaxProduct
0.25%$50-U2 Savings
0.10%--UNITY Youth Savings
0.10%$100-UNITY Savings
0.10%$1k-UNITY Choice Savings
0.10%$100-UNITY Plus Savings

OneUnited Bank Money Market Rates

ApyMinMaxProduct
0.75%$100k-UNITY Gold E-Money Market
0.25%$25k-UNITY Money Market
0.10%$1k-UNITY Choice Money Market

OneUnited Bank CD Rates

ApyMinMaxProduct
1.30%$1k-UNITY Gold 4 Year E-CD
1.15%$1k-UNITY 4 Year CD
1.05%$1k-UNITY 3 Year CD
1.00%$1k-UNITY 2 Year CD
1.00%$1k-UNITY Gold 2 Year E-CD
0.65%$1k-UNITY 18 Month CD
0.65%$1k-UNITY 270 Day CD
0.65%$1k-UNITY Gold 1 Year E-CD
0.25%$1k-UNITY 90 Day CD
0.25%$1k-UNITY Gold 120 Day E-CD

OneUnited Bank IRA Rates

ApyMinMaxProduct
1.15%$1k-UNITY 4 Year IRA CD
1.05%$1k-UNITY 3 Year IRA CD
1.00%$1k-UNITY 2 Year IRA CD
0.65%$1k-UNITY 270 Day IRA CD
0.25%$1k-UNITY 90 Day IRA CD

Rates updated: 5/18/2013

Data for Q4 2012


Institution Statistics


OneUnited Bank
FDIC Certificate #23966
BankRate ReportView
Year Established1982
Employees97
Primary RegulatorFDIC

Assets and Liabilities

Assets$601.78 million
Loans$319.74 million
Deposits$343.04 million
Equity Capital$47.56 million
Loan Loss Allowance$3.39 million
Unbacked Noncurrent Loans$12.94 million
Real Estate Owned$1.87 million

Historic Data - December 2011

Assets$562.41 million
Equity Capital$43.19 million
Loan Loss Allowance$3.38 million
Unbacked Noncurrent Loans$15.72 million
Real Estate Owned$1.67 million

Profit Margin - Quarterly

Net Interest Margin2.57%
Return on Assets0.52%
Return on Equity6.64%
Interest Income$24.86 million

Institution Health


Overall Score:
4 out of 5
4
Texas Ratio3
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 December 31, 2012 OneUnited Bank had $14.81 million in non-current loans and owned real-estate with $50.95 million in equity and loan loss allowances on hand to cover it. This gives OneUnited Bank a Texas Ratio of 29.06% which is average. Any bank with a Texas Ratio near or greater than 100% is considered at risk.
Texas Ratio Trend4
The Texas Ratio for OneUnited Bank decreased slightly from 37.43% as of December 31, 2011 to 29.06% as of December 31, 2012, resulting in a positive change of 22.37%.This indicates that the balance sheet and financial strength for OneUnited Bank has improved slightly in recent periods.
Deposit Growth5
In the past year, OneUnited Bank has increased its total deposits by $23.53 million, resulting in 7.36% 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 OneUnited Bank has shown is excellent.
Capitalization3
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. OneUnited Bank has $601.78 million in assets with $50.95 million in equity, resulting in a capitalization level of 8.47%, which is average.
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Bad Business
1 stars - r4rene - Monday, February 13, 2012 - 12:57 PM

This Bank will Rob you of money.  They will change the account structure without contacting you and deduct your money stating the account has changed.  Try calliing them and you get the run-around.  When you finally get someone to help you, then you get the bad news.... 

 

What can you do about it now, there is no local branch to go visit...  Your money gone.  I suggest you avoid this money trapp all together.  Easy to get your money hard as heck to get it out.

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