Windsor Federal Savings is headquartered in Windsor and is the 20th largest bank in the state of Connecticut. It is also the 1,304th largest bank in the nation. It was established in 1935 and as of June of 2021, it had grown to 100 employees at 12 locations. Windsor Federal Savings has an A health rating.
Bank Elsewhere!
In an ill-fated effort to grow with the times, they recently opened a branch at a local high school. A strange move, yet the issue would be that they have students managing it! In this day and age of identity theft, the last thing I want is children (who have yet to enter the workforce) having access to my personal information. Regardless if they were "trained" or asked to sign a confidentiality contract, they have yet to learn the importance of such information. As soon as I heard such a business decision had been made, I took my banking elsewhere. You should too!
Data as of Q2 2021
Learn why bank health mattersHealth Grade Components
| Overall | |
|---|---|
| FDIC Certificate # | 29632 |
| Year Established | 1935 |
| Employees | 100 |
| Primary Regulator | OCC |
| Profit Margin | |
|---|---|
| Return on Assets - YTD | 0.56% |
| Return on Equity - YTD | 5.52% |
| Annual Interest Income | $10.3MM |
| Assets and Liabilities | ||
|---|---|---|
| Assets | Q2 2021vs Q2 2020 | $707.4MM$673.2MM |
| Loans | Q2 2021vs Q2 2020 | $464.2MM$472.6MM |
| Deposits | Q2 2021vs Q2 2020 | $623.3MM$590.2MM |
| Equity Capital | Q2 2021vs Q2 2020 | $69.9MM$67.0MM |
| Loan Loss Allowance | Q2 2021vs Q2 2020 | $3.7MM$3.7MM |
| Unbacked Noncurrent Loans | Q2 2021vs Q2 2020 | $2.0MM$2.2MM |
| Real Estate Owned | Q2 2021vs Q2 2020 | $0$0 |