Radius Bank, a leader in community banking, was founded in 1987 by the Massachusetts Carpenters Combined Pension and Annuity Funds (The Funds). In 2006, the Empire State Carpenters’ Pension Fund invested in the Bank as an equity partner. They are a growing institution that currently serves as the trusted advisor to a broad range of clients.
Related Posts
5/23 - Radius Bank Boosts High-Yield Savings Rate
5/22 - High Yield Savings, 1.86%, $25K+
2/28 - Radius Bank Hybrid Checking Account Offering 0.90% APY
9/30/15 - High Yield Savings Rate Raised To 1.10% APY
1/30/15 - Get $50 With Radius Bank Checking With DD
12/18/13 - Another Top Savings Account Rate at First Trade Union Bank
7/8/13 - First Trade Union Bank Login Restriction = No E-Mail!
6/28/13 - First Trade Union Bank Launches Mobile Payment, Updates Checking Bonus
4/10/13 - First Trade Union Bank Updates Checking Account and Bonus
1/3/13 - New $100 Checking Account Bonus at First Trade Union Bank
6/29/12 - $100 Checking Account Bonus at First Trade Union Bank
10/17/11 - Checking Bonus & Other Deals at First Trade Union Savings
Great Online Bank
Good customer service. No monthly fees. Mobile app is great and paying in checks through mobile app is easy. Good
Job radius. Thanks for being a great online bank!
I Love My Rewards Checking Account
I have been a Radius Bank customer for about 6 months now and I love them! I opened a Rewards Checking account after hearing about them from a friend. Although I have a few checking accounts, Rewards Checking has become my primary one since I get cash back on almost all my purchases. I haven’t had any problems with my account and their mobile app is very easy to use and helps me manage my money. I would recommend this bank to any one. Overall I am very impressed.
Decent Savings Rates For $25K+ And Good Service
I've been a customer for a couple of years and have been happy with their service. If you have a balance over $25,000, the rates are competitive. However today, 11/5/19, the top rate was decreased to 1.65% APY. So, it was a good run but I'll be moving my money to a higher paying account. Hopefully, rates will go back up soon and I'll return money to my Radius online savings account.
By Far The Worst Financial Institution I’Ve Ever Dealt With
Words can not describe how much stress and turmoil this bank has given me. I’ve maintained a balance of over 50k on average. Unfortunately, I have lost my card and my card was used fraudulently. Radius Bank does not follow regular Regulation E procedures regarding unauthorized transactions. They declined my disputes with no valid reason. I had to make a complaint with the OCC. When I asked to have this matter escalated they decided to close my account while holding over 7,000.00 worth of my funds. There was no reason to hold money that is certified and been on the account. Customer service is awful and their policies are so backwards. I’d rather just deal with a big bank. Working with this bank has been a nightmare. They have broke so many policies. There is no zero fraud liability with this bank as well. Awful awful awful bank
Data as of Q4 2019
Learn why bank health mattersHealth Grade Components
| Overall | |
|---|---|
| FDIC Certificate # | 32551 |
| Year Established | 1987 |
| Employees | 146 |
| Primary Regulator | OCC |
| Profit Margin | |
|---|---|
| Return on Assets - YTD | 0.47% |
| Return on Equity - YTD | 5.11% |
| Annual Interest Income | $55.0MM |
| Assets and Liabilities | ||
|---|---|---|
| Assets | Q4 2019vs Q4 2018 | $1.39B$1.26B |
| Loans | Q4 2019vs Q4 2018 | $1.07B$934.2MM |
| Deposits | Q4 2019vs Q4 2018 | $1.19B$1.10B |
| Equity Capital | Q4 2019vs Q4 2018 | $123.8MM$115.6MM |
| Loan Loss Allowance | Q4 2019vs Q4 2018 | $8.3MM$7.6MM |
| Unbacked Noncurrent Loans | Q4 2019vs Q4 2018 | $9.0MM$11.2MM |
| Real Estate Owned | Q4 2019vs Q4 2018 | $0$0 |