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2455 Morris Avenue
Union, NJ 07083

Union Center National Bank is headquartered in Union and is the 16st largest bank in the state of New Jersey. It is also the 419st largest bank in the nation. It was established in 1923 and as of December of 2013, it had grown to 166 employees at 15 locations. Union Center National Bank has a A health rating.

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Reviews (1)

Nice And Friendly

This is a nice and friendly community bank although their employees sometimes can be slightly incompetent. I am saying this from the point of view of a person living temporarily in the US. 

I was trying to open an account but first, I was not allowed to open one since I did not have enough "documentation". I had taken my passport and local(american) credit card but apparently that is not enough(even though his list of acceptable documents clearly states "Any picture ID document from a foreign government establishing nationality." 

The guy kept saying, I don't want to loose my job by screwing things up (no idea what that means but hey it was just after the crisis). 

Anyways, once past that hurdle, they are very nice and friendly, very accessible and the bank is almost always free to help you (never had to wait too long in line). All in all, a great experience compared to the big national banks (although as I said, the employee training does leave a lot lacking. )


Data for Q4 2013

Institution Health


Texas Ratio


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, 2013 Union Center National Bank had $3.36 million in non-current loans and owned real-estate with $183.99 million in equity and loan loss allowances on hand to cover it. This gives Union Center National Bank a Texas Ratio of 1.82% 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 Union Center National Bank decreased dramatically from 2.83% as of December 31, 2012 to 1.82% as of December 31, 2013, resulting in a positive change of 35.58%.This indicates that the balance sheet and financial strength for Union Center National Bank has improved dramatically in recent periods.

Deposit Growth


In the past year, Union Center National Bank has increased its total deposits by $34.74 million, resulting in 2.66% 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 Union Center National Bank 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. Union Center National Bank has $1.67 billion in assets with $183.99 million in equity, resulting in a capitalization level of 11.00%, which is excellent.

Institution Statistics

FDIC Certificate #6431
Year Established1923
Primary RegulatorOCC
Assets and Liabilities
Assets$1.67 billion
Loans$950.61 million
Deposits$1.34 billion
Equity Capital$173.66 million
Loan Loss Allowance$10.33 million
Unbacked Noncurrent Loans$3.14 million
Real Estate Owned$220,000
Historic Data - December 2012
Assets$1.63 billion
Equity Capital$165.35 million
Loan Loss Allowance$10.24 million
Unbacked Noncurrent Loans$3.14 million
Real Estate Owned$1.30 million
Profit Margin - Quarterly
Net Interest Margin3.11%
Return on Assets1.24%
Return on Equity12.02%
Interest Income$57.27 million

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Union Center National Bank Savings Account Rates

0.18%$300k-Statement Savings

Union Center National Bank Money Market Rates

0.35%$300k-ULTIMATE Money Market
0.35%$300k-Business ULTIMATE Money Market
0.30%$300k-Money Market

Union Center National Bank Checking Account Rates

2.00%-$30kSuper Heart Smart Checking
0.10%--Super Heart Smart Checking

Union Center National Bank CD Rates

1.25%$1k-36 Month CD
1.00%$1k-18 Month CD
1.00%$1k-24 Month CD
0.50%$1k-12 Month CD
0.40%$1k-6 Month CD

Union Center National Bank has 15 locations. Click to view all Union Center National Bank locations.