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320 North Broad Street
Elizabeth, NJ 07207

Union County Savings Bank is headquartered in Elizabeth, New Jersey and has maintained its current name since its founding in 1883. It doesn’t maintain branches outside of the state of New Jersey and with no website (as of time of writing) it doesn’t publicly publish its rates on depository banking products.

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Data for Q1 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 March 31, 2014 Union County Savings Bank had $3.16 million in non-current loans and owned real-estate with $201.64 million in equity and loan loss allowances on hand to cover it. This gives Union County Savings Bank a Texas Ratio of 1.57% 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 County Savings Bank decreased slightly from 2.14% as of March 31, 2013 to 1.57% as of March 31, 2014, resulting in a positive change of 26.80%.This indicates that the balance sheet and financial strength for Union County Savings Bank has improved slightly in recent periods.

Deposit Growth


In the past year, Union County Savings Bank has increased its total deposits by $56.13 million, resulting in 4.01% 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 County Savings Bank has shown is excellent.



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 County Savings Bank has $1.67 billion in assets with $201.64 million in equity, resulting in a capitalization level of 12.10%, which is excellent.

Institution Statistics

FDIC Certificate #12013
Year Established1883
Primary RegulatorFDIC
Assets and Liabilities
Assets$1.67 billion
Loans$103.27 million
Deposits$1.45 billion
Equity Capital$201.02 million
Loan Loss Allowance$629,000
Unbacked Noncurrent Loans$3.16 million
Real Estate Owned$0
Historic Data - March 2013
Assets$1.60 billion
Equity Capital$194.72 million
Loan Loss Allowance$629,000
Unbacked Noncurrent Loans$3.16 million
Real Estate Owned$278,000
Profit Margin - Quarterly
Net Interest Margin1.36%
Return on Assets0.55%
Return on Equity4.62%
Interest Income$9.28 million

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Union County Savings Bank Locations
Cranford Branch201 North Avenue WestCranford, NJ 7016
Union County Savings Bank320 North Broad StreetElizabeth, NJ 7207
Broad Street Branch61 Broad StreetElizabeth, NJ 7201
Union BranchChestnut Street and Indian Run Pkwy.Union, NJ 7083