Union Savings Bank (CT)

226 Main Street
Danbury, CT 06810
203-830-4200
www.unionsavings.com

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Welcome to Union Savings Bank, where service, convenience and, commitment are more than just words; they are actions through which their mission statement is brought to life. They’re inspired by their customers and the employees who serve their customers everyday. They’re about people.

New Branch Promotion Rate At Union Savings Bank In Monroe,CT (Forum) - 7/3/2011

Promotion rate of 2.47/2.50 for 3 year Cd. Just opened account on Saturday. Terrific customer service.

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

Union Savings Bank (CT) Checking Account Rates

Apy	Min	Max	Product
0.15%	$100k	-	Checking with Rewards
0.05%	-	-	Checking with Interest

Union Savings Bank (CT) Savings Account Rates

Apy	Min	Max	Product
0.10%	$50k	-	Premier Savings
0.10%	-	-	Health Savings
0.05%	-	-	Statement Savings
0.05%	-	-	Holiday Club
0.05%	-	-	Vacation Club

Union Savings Bank (CT) Money Market Rates

	Apy	Min	Max	Product
	0.15%	$100k	-	Money Market Savings

Union Savings Bank (CT) CD Rates

Apy	Min	Max	Product
1.35%	-	-	5 Year - 5 Year Package Laddered CD
1.10%	-	-	5 Year CD
0.95%	-	-	4 Year - 5 Year Package Laddered CD
0.85%	-	-	3 Year - 3 Year Package Laddered CD
0.85%	-	-	3 Year - 5 Year Package Laddered CD
0.70%	-	-	4 Year CD
0.65%	-	-	2 Year - 3 Year Package Laddered CD
0.65%	-	-	2 Year - 5 Year Package Laddered CD
0.60%	-	-	3 Year CD
0.50%	-	-	1 Year - 3 Year Package Laddered CD
0.50%	-	-	1 Year - 5 Year Package Laddered CD
0.40%	-	-	18 Month CD
0.40%	-	-	2 Year CD
0.30%	-	-	2 Year Smart Investment CD
0.25%	-	-	1 Year CD
0.25%	-	-	1 Year Tax-Deferred CD
0.20%	-	-	9 Month CD
0.15%	-	-	6 Month CD
0.15%	-	-	18 Month Variable CD
0.10%	-	-	91 Day CD

Union Savings Bank (CT) IRA Rates

Apy	Min	Max	Product
1.10%	-	-	5 Year IRA
0.70%	-	-	4 Year IRA
0.60%	-	-	3 Year IRA
0.40%	-	-	18 Month IRA
0.40%	-	-	2 Year IRA
0.30%	-	-	2 Year Smart Investment IRA
0.25%	-	-	1 Year IRA
0.25%	-	-	1 Year Tax-Deferred IRA
0.20%	-	-	9 Month IRA
0.15%	-	-	6 Month IRA
0.15%	-	-	18 Month Variable IRA
0.10%	-	-	91 Day IRA

Rates updated: 5/22/2013

Data for Q4 2012

Institution Statistics

Union Savings Bank
FDIC Certificate #	18190
BankRate Report	View
Year Established	1866
Employees	412
Primary Regulator	FDIC
Assets and Liabilities
Assets	$2.39 billion
Loans	$1.72 billion
Deposits	$1.70 billion
Equity Capital	$183.71 million
Loan Loss Allowance	$15.26 million
Unbacked Noncurrent Loans	$53.23 million
Real Estate Owned	$5.85 million
Historic Data - December 2011
Assets	$2.50 billion
Equity Capital	$178.46 million
Loan Loss Allowance	$14.49 million
Unbacked Noncurrent Loans	$57.68 million
Real Estate Owned	$3.10 million
Profit Margin - Quarterly
Net Interest Margin	3.17%
Return on Assets	0.28%
Return on Equity	3.86%
Interest Income	$95.61 million

Institution Health

Overall Score:

3 out of 5

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, 2012 Union Savings Bank (CT) had $59.08 million in non-current loans and owned real-estate with $198.96 million in equity and loan loss allowances on hand to cover it. This gives Union Savings Bank (CT) a Texas Ratio of 29.70% which is average. Any bank with a Texas Ratio near or greater than 100% is considered at risk.
Texas Ratio Trend
The Texas Ratio for Union Savings Bank (CT) held steady from 32.04% as of December 31, 2011 to 29.70% as of December 31, 2012, resulting in a positive change of 7.32%.This indicates that the balance sheet and financial strength for Union Savings Bank (CT) has held steady in recent periods.
Deposit Growth
In the past year, Union Savings Bank (CT) has increased its total deposits by $76.77 million, resulting in 4.72% 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 Savings Bank (CT) has shown is above average.
Capitalization
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 Savings Bank (CT) has $2.39 billion in assets with $198.96 million in equity, resulting in a capitalization level of 8.32%, which is average.