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Unity Bank (NJ)


Overview / Commentary
www.unitybank.com
908-713-4580
64 Old Highway 22
Clinton, NJ 08809

Unity Bank (NJ) is headquartered in Clinton and is the 21st largest bank in the state of New Jersey. It is also the 520th largest bank in the nation. It was established in 1991 and as of September of 2019, it had grown to 194 employees at 19 locations. Unity Bank (NJ)'s savings rates are 92% higher than the national average, and it has an A health rating.

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Reviews (1)

Security Issue

Posted by: |

I recently opted for e-statement when I opened an E-savings account.

I was asked to click to a link in order to validate the process of e-statement.

As soon as I clicked to the link, I received an email from Unity Bank welcoming me to e-statement.

But, I was shocked to see my log in ID (which is OK) along with my full password in the welcoming email advising me to make a note of my log in ID and password info. I already know my log-in ID and password and a bank should not be telling me to make a note of it.

When I called and asked the customer service rep about it, she said Unity bank does not have my password yet I received the full password from them in the email.

It is my understanding that password should be encrypted and no bank and their employee should know/have my password.

I am very concerned about the passwords known to Unity Bank and I think it should be considered a serious security issue. I hope customers' accounts are safe.

Even when I changed the password, my concern remains open since the bank and their employees seem to know my full password.

I hope someone takes immediate action about this matter before Unity Bank customers accounts are compromised.

4


Health
A

Data as of Q3 2019

Learn why bank health matters

Health Grade Components

Overall
FDIC Certificate #33503
Year Established1991
Employees194
Primary RegulatorFDIC
Profit Margin
Return on Assets - YTD1.39%
Return on Equity - YTD14.9%
Annual Interest Income$57.4MM
Assets and Liabilities
AssetsQ3 2019vs Q3 2018$1.66B$1.55B
LoansQ3 2019vs Q3 2018$1.35B$1.27B
DepositsQ3 2019vs Q3 2018$1.28B$1.22B
Equity CapitalQ3 2019vs Q3 2018$157.7MM$137.0MM
Loan Loss AllowanceQ3 2019vs Q3 2018$16.0MM$15.0MM
Unbacked Noncurrent LoansQ3 2019vs Q3 2018$5.7MM$6.7MM
Real Estate OwnedQ3 2019vs Q3 2018$1.7MM$56.00K
Rates
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Always verify rates and promotions with the bank or credit union. We are not Unity Bank (NJ); we are a rate comparison website and cannot provide official rates or promotions.

* The APY shown varies based on the deposit amount. Expand the listing to see APYs for other deposit amounts.

Unity Bank (NJ) Savings Account Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
1.00%*$500k*-eSavings
OTHER TIERS: 0.25% → $100 - $20k | 0.50% → $20k - $100k | 0.75% → $100k - $250k | 0.90% → $250k - $500k
1.00%*$500k*-Business eSavings
OTHER TIERS: 0.25% → $100 - $20k | 0.50% → $20k - $100k | 0.75% → $100k - $250k | 0.90% → $250k - $500k
0.15%*$100k*-Opportunity Savings
OTHER TIERS: 0.05% → $100 - $20k | 0.10% → $20k - $100k
0.15%*$100k*-Loyalty Business Savings
OTHER TIERS: 0.05% → Up to $10k | 0.07% → $10k - $50k | 0.10% → $50k - $100k
0.05%$25-Prosperity Savings

Unity Bank (NJ) Money Market Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.20%*$50k*-Money Market IRA
OTHER TIERS: 0.05% → $100 - $10k | 0.10% → $10k - $25k | 0.15% → $25k - $50k
0.10%*$10k*-Opportunity Money Market Account
OTHER TIERS: 0.05% → $2k - $10k

Unity Bank (NJ) Checking Account Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.10%*$7k*-Opportunity Checking
OTHER TIERS: 0.05% → $2k - $7k
0.05%$100-Prosperity Plus Checking
0.05%--Student Checking

Unity Bank (NJ) CD Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
1.75%$1k-60 Month CD
1.60%$1k-10 Month CD Special
1.50%$1k-48 Month CD
1.40%$1k-6 Month CD Special
1.25%$1k-36 Month CD
1.00%$1k-24 Month CD
1.00%$100k-CDARS 3 year CD
0.75%$100k-CDARS 2 year CD
0.50%$1k-12 Month CD
0.35%$1k-6 Month CD
0.25%$1k-3 Month CD
0.25%$100k-CDARS 52 week CD
0.10%$100k-CDARS 4 week CD
0.10%$100k-CDARS 13 week CD
0.10%$100k-CDARS 26 week CD

Unity Bank (NJ) IRA Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
1.75%$1k-60 Month IRA
1.60%$1k-10 Month IRA Special
1.50%$1k-48 Month IRA
1.40%$1k-6 Months IRA Special
1.25%$1k-36 Month IRA
1.00%$1k-24 Month IRA
0.50%$1k-12 Month IRA
0.35%$1k-6 Month IRA
0.25%$1k-3 Month IRA
Locations

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