Unity Bank (NJ) is headquartered in CLINTON and is the 16th largest bank in the state of New Jersey. It is also the 459th largest bank in the nation. It was established in 1991 and as of June of 2023, it had grown to 230 employees at 20 locations. Unity Bank (NJ) has an A health rating.
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.
|FDIC Certificate #||33503|
|Return on Assets - YTD||1.59%|
|Return on Equity - YTD||16.52%|
|Annual Interest Income||$69.4MM|
|Assets and Liabilities|
|Assets||Q2 2023vs Q2 2022||$2.54B$2.10B|
|Loans||Q2 2023vs Q2 2022||$2.14B$1.78B|
|Deposits||Q2 2023vs Q2 2022||$1.85B$1.70B|
|Equity Capital||Q2 2023vs Q2 2022||$242.8MM$218.4MM|
|Loan Loss Allowance||Q2 2023vs Q2 2022||$26.0MM$22.9MM|
|Unbacked Noncurrent Loans||Q2 2023vs Q2 2022||$13.0MM$7.7MM|
|Real Estate Owned||Q2 2023vs Q2 2022||$251.00K$0|
Rates for Unity Bank (NJ) are currently being reviewed.