Windsor Federal Savings and Loan Association is headquartered in Windsor and is the 28th largest bank in the state of Connecticut. It is also the 1,669th largest bank in the nation. It was established in 1935 and as of December of 2013, it had grown to 72 employees at 6 locations. Windsor Federal Savings and Loan Association has a B+ health rating.
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!
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 Windsor Federal Savings and Loan Association had $6.75 million in non-current loans and owned real-estate with $49.56 million in equity and loan loss allowances on hand to cover it. This gives Windsor Federal Savings and Loan Association a Texas Ratio of 13.62% which is above average. Any bank with a Texas Ratio near or greater than 100% is considered at risk.
The Texas Ratio for Windsor Federal Savings and Loan Association decreased slightly from 16.36% as of December 31, 2012 to 13.62% as of December 31, 2013, resulting in a positive change of 16.74%.This indicates that the balance sheet and financial strength for Windsor Federal Savings and Loan Association has improved slightly in recent periods.
In the past year, Windsor Federal Savings and Loan Association has increased its total deposits by $6.63 million, resulting in 2.12% 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 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. Windsor Federal Savings and Loan Association has $398.93 million in assets with $49.56 million in equity, resulting in a capitalization level of 12.42%, which is excellent.
|FDIC Certificate #||29632|
|Assets and Liabilities|
|Equity Capital||$45.94 million|
|Loan Loss Allowance||$3.62 million|
|Unbacked Noncurrent Loans||$6.42 million|
|Real Estate Owned||$333,000|
|Historic Data - December 2012|
|Equity Capital||$45.62 million|
|Loan Loss Allowance||$3.37 million|
|Unbacked Noncurrent Loans||$6.42 million|
|Real Estate Owned||$238,000|
|Profit Margin - Quarterly|
|Net Interest Margin||3.07%|
|Return on Assets||0.51%|
|Return on Equity||4.42%|
|Interest Income||$12.61 million|
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|0.10%||-||-||Holiday Savings Club|
|0.10%||$5k||-||Health Savings Account|
|0.25%||$100k||-||Jumbo Money Market Account|
|0.15%||$2,500||-||Money Market Account|
|0.10%||$50k||-||Performance Plus Checking|
|0.05%||$500||-||Interest Plus Checking|
|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|
|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|
|Windsor Federal Savings and Loan Association Locations|
|21 Hartford Ave Branch||21 Hartford Ave||Granby, CT 6035|
|Windsor Federal Savings and Loan Association||250 Broad St||Windsor, CT 6095|
|321 Windsor Ave Branch||321 Windsor Avenue||Windsor, CT 6095|
|Windsor High School Branch||50 Sage Park Road||Windsor, CT 6095|
|Bloomfield Branch||54 Jerome Avenue||Bloomfield, CT 6002|
|North Central Square Branch||695 Poquonock Ave||Windsor, CT 6095|