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Overview / Commentary
860-688-8511
250 Broad St
Windsor, CT 06095

Windsor Federal Savings and Loan Association is headquartered in Windsor and is the 25th largest bank in the state of Connecticut. It is also the 1,622nd largest bank in the nation. It was established in 1935 and as of June of 2014, it had grown to 74 employees at 8 locations. Windsor Federal Savings and Loan Association has a B+ health rating.

Reviews (1)

Bank Elsewhere!

In an ill-fated effort to grow with the times, they recently opened a branch at a local high school. A strange move, yet the issue would be that they have students managing it! In this day and age of identity theft, the last thing I want is children (who have yet to enter the workforce) having access to my personal information. Regardless if they were "trained" or asked to sign a confidentiality contract, they have yet to learn the importance of such information. As soon as I heard such a business decision had been made, I took my banking elsewhere. You should too!



Health

Data for Q2 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 June 30, 2014 Windsor Federal Savings and Loan Association had $8.02 million in non-current loans and owned real-estate with $50.81 million in equity and loan loss allowances on hand to cover it. This gives Windsor Federal Savings and Loan Association a Texas Ratio of 15.78% which is above average. Any bank with a Texas Ratio near or greater than 100% is considered at risk.

Texas Ratio Trend

GRADE:
C+

The Texas Ratio for Windsor Federal Savings and Loan Association experienced no significant changes from 15.05% as of June 30, 2013 to 15.78% as of June 30, 2014, resulting in a negative change of 4.85%. This indicates that the balance sheet and financial strength for Windsor Federal Savings and Loan Association has had no significant changes in recent periods.

Deposit Growth

GRADE:
A

In the past year, Windsor Federal Savings and Loan Association has increased its total deposits by $11.92 million, resulting in 3.73% 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 Windsor Federal Savings and Loan Association has shown is excellent.

Capitalization

GRADE:
A+

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. Windsor Federal Savings and Loan Association has $414.23 million in assets with $50.81 million in equity, resulting in a capitalization level of 12.27%, which is excellent.

Institution Statistics

Overall
FDIC Certificate #29632
Year Established1935
Employees74
Primary RegulatorOCC
Assets and Liabilities
Assets$414.23 million
Loans$259.70 million
Deposits$331.51 million
Equity Capital$47.52 million
Loan Loss Allowance$3.29 million
Unbacked Noncurrent Loans$7.69 million
Real Estate Owned$331,000
Historic Data - June 2013
Assets$399.64 million
Equity Capital$45.62 million
Loan Loss Allowance$3.50 million
Unbacked Noncurrent Loans$7.69 million
Real Estate Owned$256,000
Profit Margin - Quarterly
Return on Assets0.5%
Return on Equity4.38%
Interest Income$6.47 million
Rates

Always verify rates and promotions with the bank or credit union. We are not Windsor Federal Savings and Loan Association, we are a rate comparison website and can not provide official rates or promotions.

Windsor Federal Savings and Loan Association Savings Account Rates

DetailsAPYMINMAXPRODUCT
0.10%$100-Passbook Savings
0.10%$200-Statement Savings
0.10%--Holiday Savings Club
0.10%$5k-Health Savings Account

Windsor Federal Savings and Loan Association Money Market Rates

DetailsAPYMINMAXPRODUCT
0.25%$100k-Jumbo Money Market Account
0.15%$2,500-Money Market Account

Windsor Federal Savings and Loan Association Checking Account Rates

DetailsAPYMINMAXPRODUCT
0.10%$50k-Performance Plus Checking
0.05%$500-Interest Plus Checking

Windsor Federal Savings and Loan Association CD Rates

DetailsAPYMINMAXPRODUCT
1.00%$1k-60 Month CD
0.80%$1k-48 Month CD
0.60%$1k-36 Month CD
0.45%$1k-30 Month CD
0.40%$1k-24 Month CD
0.30%$1k-18 Month 20/20 Bump-Up CD
0.25%$1k-12 Month CD
0.20%$1k-9 Month - 20/20 Bump-Up CD
0.15%$1k-6 Month CD
0.10%$1k-3 Month CD

Windsor Federal Savings and Loan Association IRA Rates

DetailsAPYMINMAXPRODUCT
1.00%$1k-60 Month IRA
0.80%$1k-48 Month IRA
0.60%$1k-36 Month IRA
0.45%$1k-30 Month IRA
0.40%$1k-24 Month IRA
0.30%$1k-18 Month 20/20 Bump-Up IRA
0.25%$1k-12 Month IRA
0.20%$1k-9 Month - 20/20 Bump-Up IRA
0.15%$1k-6 Month IRA
0.10%$1k-3 Month IRA
Locations


Windsor Federal Savings and Loan Association Locations
21 Hartford Ave Branch21 Hartford AveGranby, CT 6035
Windsor Federal Savings and Loan Association250 Broad StWindsor, CT 6095
321 Windsor Ave Branch321 Windsor AvenueWindsor, CT 6095
Windsor High School Branch50 Sage Park RoadWindsor, CT 6095
Bloomfield Branch54 Jerome AvenueBloomfield, CT 6002
North Central Square Branch695 Poquonock AveWindsor, CT 6095