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Overview / Commentary
49 Church Street
Whitinsville, MA 01588

UniBank for Savings is headquartered in Whitinsville and is the 21st largest bank in the state of Massachusetts. It is also the 461st largest bank in the nation. It was established in 1870 and as of June of 2014, it had grown to 184 employees at 11 locations. UniBank for Savings' money market rates are 70% higher than the national average, and it has a B+ health rating.

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Data for Q2 2014

Institution Health


Texas Ratio


The Texas Ratio is an indicator of how much capital a bank has available compared to the total value of loans considered at risk. As of June 30, 2014 UniBank for Savings had $5.24 million in non-current loans and owned real-estate with $114.48 million in equity and loan loss allowances on hand to cover it. This gives UniBank for Savings a Texas Ratio of 4.58% which is excellent. Any bank with a Texas Ratio near or greater than 100% is considered at risk.

Texas Ratio Trend


The Texas Ratio for UniBank for Savings decreased dramatically from 8.22% as of June 30, 2013 to 4.58% as of June 30, 2014, resulting in a positive change of 44.30%.This indicates that the balance sheet and financial strength for UniBank for Savings has improved dramatically in recent periods.

Deposit Growth


In the past year, UniBank for Savings has increased its total deposits by $20.12 million, resulting in 1.48% 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 UniBank for Savings has shown is above average.



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. UniBank for Savings has $1.49 billion in assets with $114.48 million in equity, resulting in a capitalization level of 7.67%, which is below average.

Institution Statistics

FDIC Certificate #90290
Year Established1870
Primary RegulatorFDIC
Assets and Liabilities
Assets$1.49 billion
Loans$963.25 million
Deposits$1.38 billion
Equity Capital$106.17 million
Loan Loss Allowance$8.32 million
Unbacked Noncurrent Loans$3.72 million
Real Estate Owned$1.52 million
Historic Data - June 2013
Assets$1.47 billion
Equity Capital$94.44 million
Loan Loss Allowance$7.50 million
Unbacked Noncurrent Loans$3.72 million
Real Estate Owned$1.21 million
Profit Margin - Quarterly
Return on Assets0.64%
Return on Equity9.22%
Interest Income$23.14 million
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UniBank for Savings Money Market Rates

0.75%$100k-Perfect Sense Money Market Account
0.15%--Money Market Statement Account

UniBank for Savings Checking Account Rates

2.25%$250$25keChecking - Qualifying
0.10%--eChecking - Non Qualifying

UniBank for Savings CD Rates

1.15%$500-4 Year Statement CD Special
0.95%$500-3 Year CD
0.95%$500-3 Year UniStep CD +
0.75%$500-2 Year CD
0.75%$500-2 Year UniStep CD +
0.50%$500-1 Year CD
0.50%$500-1 Year UniStep CD +
0.40%$2,500-Perfect Sense 8 Month CD
0.30%$2,500-6 Month Certificate
0.30%$2,500-8 Month CD
0.15%$2,500-91 Day Certificate

UniBank for Savings IRA Rates

1.05%$500-3 Year IRA
0.85%$500-2 Year IRA
0.60%$500-1 Year IRA

UniBank for Savings Locations
Blackstone Branch10 Cheney StreetBlackstone, MA 1504
Upton Branch113 Main StreetUpton, MA 1568
Whitinsville Plaza Branch1189 Providence RoadWhitinsville, MA 1588
Sutton Branch156 Worcester/Providence TurnpikeSutton, MA 1590
Worcester Branch24 Gold Star BoulevardWorcester, MA 1605
North Main Street Branch25 North Main StreetUxbridge, MA 1569
Douglas Branch4 Mechanic StreetEast Douglas, MA 1516
Unibank For Savings49 Church StreetWhitinsville, MA 1588
Grafton Branch89 Worcester StreetGrafton, MA 1519
Milford Branch91 Prospect StreetMilford, MA 1757