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203-830-4200
226 Main Street
Danbury, CT 06810

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.

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Health

Data for Q1 2014

Institution Health

B+

Texas Ratio

GRADE:
B

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 Savings Bank (CT) had $38.24 million in non-current loans and owned real-estate with $212.81 million in equity and loan loss allowances on hand to cover it. This gives Union Savings Bank (CT) a Texas Ratio of 17.97% which is above average. Any bank with a Texas Ratio near or greater than 100% is considered at risk.

Texas Ratio Trend

GRADE:
A

The Texas Ratio for Union Savings Bank (CT) decreased dramatically from 29.07% as of March 31, 2013 to 17.97% as of March 31, 2014, resulting in a positive change of 38.18%.This indicates that the balance sheet and financial strength for Union Savings Bank (CT) has improved dramatically in recent periods.

Deposit Growth

GRADE:
B+

In the past year, Union Savings Bank (CT) has increased its total deposits by $25.8 million, resulting in 1.52% 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

GRADE:
C+

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 $2.33 billion in assets with $212.81 million in equity, resulting in a capitalization level of 9.14%, which is average.

Institution Statistics

Overall
FDIC Certificate #18190
Year Established1866
Employees380
Primary RegulatorFDIC
Assets and Liabilities
Assets$2.33 billion
Loans$1.66 billion
Deposits$1.73 billion
Equity Capital$196.53 million
Loan Loss Allowance$16.28 million
Unbacked Noncurrent Loans$36.11 million
Real Estate Owned$2.13 million
Historic Data - March 2013
Assets$2.39 billion
Equity Capital$184.59 million
Loan Loss Allowance$14.83 million
Unbacked Noncurrent Loans$36.11 million
Real Estate Owned$5.96 million
Profit Margin - Quarterly
Net Interest Margin3.23%
Return on Assets0.34%
Return on Equity4.07%
Interest Income$20.29 million
Rates

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Union Savings Bank (CT) Savings Account Rates

DetailsAPYMINMAXPRODUCT
0.10%$100k-Premier Savings
0.05%--Health Savings
0.03%--Statement Savings
0.03%--Holiday Club
0.03%--Vacation Club

Union Savings Bank (CT) Money Market Rates

DetailsAPYMINMAXPRODUCT
0.15%$100k-Money Market Savings

Union Savings Bank (CT) Checking Account Rates

DetailsAPYMINMAXPRODUCT
0.15%$100k-Checking with Rewards
0.05%--Checking with Interest

Union Savings Bank (CT) CD Rates

DetailsAPYMINMAXPRODUCT
1.25%--5 Year - 5 Year Package Laddered CD
1.10%--5 Year CD
1.00%--4 Year - 5 Year Package Laddered CD
0.85%--4 Year CD
0.75%--3 Year - 3 Year Package Laddered CD
0.75%--3 Year - 5 Year Package Laddered CD
0.60%--3 Year CD
0.55%--2 Year - 3 Year Package Laddered CD
0.55%--2 Year - 5 Year Package Laddered CD
0.40%--2 Year CD
0.40%--1 Year - 3 Year Package Laddered CD
0.40%--1 Year - 5 Year Package Laddered CD
0.35%--18 Month 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

DetailsAPYMINMAXPRODUCT
1.10%--5 Year IRA
0.85%--4 Year IRA
0.60%--3 Year IRA
0.40%--2 Year IRA
0.35%--18 Month 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
Locations

Union Savings Bank (CT) has 28 locations. Click to view all Union Savings Bank (CT) locations.