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Overview / Commentary
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 589th largest bank in the nation. It was established in 1991 and as of September of 2017, it had grown to 166 employees at 17 locations. Unity Bank (NJ) has an A health rating.

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Reviews (1)

Security Issue

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.


Health Grade Components

FDIC Certificate #33503
Year Established1991
Primary RegulatorFDIC
Profit Margin
Return on Assets - YTD1.04%
Return on Equity - YTD11.17%
Annual Interest Income$41.3MM
Assets and Liabilities
AssetsQ3 2017vs Q3 2016$1.33B$1.15B
LoansQ3 2017vs Q3 2016$1.08B$939.7MM
DepositsQ3 2017vs Q3 2016$1.04B$933.6MM
Equity CapitalQ3 2017vs Q3 2016$121.3MM$95.5MM
Loan Loss AllowanceQ3 2017vs Q3 2016$13.1MM$12.7MM
Unbacked Noncurrent LoansQ3 2017vs Q3 2016$6.0MM$5.8MM
Real Estate OwnedQ3 2017vs Q3 2016$707.00K$1.7MM

Rates for Unity Bank (NJ) are currently being reviewed.