Unity Bank (NJ)

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Popular Accounts at this Bank

APY	ACCOUNT TYPE	ACCOUNT NAME
1.25%	5-year CD	60 Month CD 2.35% - Synchrony Bank 60 Month CD
0.15%	Savings	Opportunity Savings 1.15% - CIT Bank Spring Savings
0.10%	1-year CD	CDARS 52 week CD 1.50% - Ally Bank No Penalty 11-Month CD

View all Unity Bank (NJ) rates »

Overview / Commentary

www.unitybank.com

800-618-2265

64 Old Highway 22
Clinton, NJ 08809

Unity Bank (NJ) is headquartered in Clinton and is the 20^th largest bank in the state of New Jersey. It is also the 621^st largest bank in the nation. It was established in 1991 and as of March of 2017, it had grown to 181 employees at 17 locations. Unity Bank (NJ)'s savings rates are 92% higher than the national average, and it has an A health rating.

Security Issue

Posted by: john0099adam | Mar 10, 2016

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.

Comment

2

Health

A

Data as of Q1 2017

Learn why bank health matters

Health Grade Components

Overall
FDIC Certificate #	33503
Year Established	1991
Employees	181
Primary Regulator	FDIC

Profit Margin
Return on Assets - YTD	0.99%
Return on Equity - YTD	10.47%
Annual Interest Income	$13.0MM

Assets and Liabilities
Assets	Q1 2017vs Q1 2016	$1.22B$1.12B
Loans	Q1 2017vs Q1 2016	$990.5MM$877.0MM
Deposits	Q1 2017vs Q1 2016	$981.8MM$927.9MM
Equity Capital	Q1 2017vs Q1 2016	$115.4MM$81.5MM
Loan Loss Allowance	Q1 2017vs Q1 2016	$12.7MM$12.6MM
Unbacked Noncurrent Loans	Q1 2017vs Q1 2016	$7.7MM$6.6MM
Real Estate Owned	Q1 2017vs Q1 2016	$1.2MM$1.4MM

Rates

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* 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

APY	MIN	MAX	ACCOUNT NAME
1.00%^*	$20k^*	-	eSavings
OTHER TIERS: 0.75% → $100 - $20k
0.15%	-	-	Loyalty Savings
0.15%^*	$100k^*	-	Opportunity Savings
OTHER TIERS: 0.05% → $100 - $20k \| 0.10% → $20k - $100k
0.10%	-	$50k	Fun Club (Auto Transfer)
0.10%^*	$100k^*	-	Loyalty Business Savings
OTHER TIERS: 0.05% → Up to $50k \| 0.07% → $50k - $100k
0.05%	$25	-	Prosperity Savings
0.05%	-	$50k	Fun Club

Unity Bank (NJ) Money Market Rates

APY	MIN	MAX	ACCOUNT NAME
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

APY	MIN	MAX	ACCOUNT NAME
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

APY	MIN	MAX	ACCOUNT NAME
1.25%	$1k	-	60 Month CD
1.25%	$1k	-	45 Month CD Promo
1.25%	$500	-	Minors 45 Month CD Promo
1.25%	$500	-	Minors 60 Month CD
1.00%	$1k	-	48 Month CD
1.00%	$500	-	Minors 48 Month CD
0.80%	$1k	-	36 Month CD
0.80%	$500	-	Minors 36 Month CD
0.75%	$100k	-	CDARS 3 year CD
0.60%	$1k	-	24 Month CD
0.60%	$500	-	Minors 24 Month CD
0.40%	$1k	-	12 Month CD
0.40%	$500	-	Minors 12 Month CD
0.25%	$100k	-	CDARS 2 year CD
0.20%	$1k	-	6 Month CD
0.20%	$500	-	Minors 6 Month CD
0.15%	$1k	-	3 Month CD
0.15%	$500	-	Minors 3 Month CD
0.10%	$100k	-	CDARS 4 week CD
0.10%	$100k	-	CDARS 13 week CD
0.10%	$100k	-	CDARS 26 week CD
0.10%	$100k	-	CDARS 52 week CD

Unity Bank (NJ) IRA Rates

APY	MIN	MAX	ACCOUNT NAME
1.25%	$1k	-	60 Month IRA
1.25%	$500	-	Minors 60 Month IRA
1.00%	$1k	-	48 Month IRA
1.00%	$500	-	Minors 48 Month IRA
0.80%	$1k	-	36 Month IRA
0.80%	$500	-	Minors 36 Month IRA
0.60%	$1k	-	24 Month IRA
0.60%	$500	-	Minors 24 Month IRA
0.40%	$1k	-	12 Month IRA
0.40%	$500	-	Minors 12 Month IRA
0.20%	$1k	-	6 Month IRA
0.20%	$500	-	Minors 6 Month IRA
0.15%	$1k	-	3 Month IRA
0.15%	$500	-	Minors 3 Month IRA

Locations

Unity Bank (NJ) has 17 locations. Click to view all Unity Bank (NJ) locations.