Windsor Federal Savings and Loan

What Windsor Federal Savings and Loan does

Windsor Federal Bank is a community mutual savings bank founded in 1936 and headquartered at 270 Broad Street in Windsor, Connecticut. Operating under a federally chartered savings and loan structure, it is 100% customer-owned (mutual) and serves individuals, families, and small-to-medium businesses primarily in Connecticut, with selected commercial lending activity in Massachusetts and Rhode Island. Its deposit franchise is FDIC-insured and holds NMLS registration 472578 for residential mortgage origination. The bank reports a workforce of 101-250 employees and operates as one of approximately 500 mutual banking institutions remaining in the United States.

The bank's product portfolio spans both consumer and commercial banking. Consumer offerings include five checking tiers (Totally Free Plus, Student, Home Town, Performance Plus, Partnership Plus), multiple savings vehicles (Statement Savings, Student Savings, Money Market, CDs, IRA CDs, HSA), and a full home lending suite (purchase mortgages, refinance, construction-to-permanent, home equity loans and HELOCs). Commercial offerings include business checking, savings, CDs, commercial real estate financing, construction loans, commercial lines of credit, condominium association loans, and a cash management platform (ACH origination, wire transfers, Remote Deposit Capture, Positive Pay, lockbox, merchant services, and payroll). Distribution runs through physical branches, Interactive Teller Machines (ITMs) at every branch with extended hours, a mobile app on iOS and Android, online banking, and self-serve loan application portals. The technology stack relies on third-party loan origination (Encompass LOS) and loan servicing (Insight) systems integrated with a standard core banking platform; no proprietary AI, API, or developer platform is operated.

Economically, Windsor Federal generates revenue primarily through net interest income on the spread between loan origination volumes (mortgage, home equity, commercial real estate, construction) and deposit costs (checking, savings, CDs, money market), supplemented by non-interest fee income from account maintenance, ATM and wire fees, overdraft protection, cash management services, merchant services, and loan origination fees. As a mutual institution, retained earnings are reinvested in the bank and community rather than distributed to outside shareholders. The go-to-market emphasizes personalized local decision-making, community reinvestment, and referral-driven mortgage and business lending, targeting relationship-based retail and SMB customers in the Hartford County and broader Connecticut corridor.

Name

Windsor Federal Savings and Loan

Legal name

Windsor Federal Bank

Website

https://windsorfederal.com

Company type

Private

Founded year

1936

Operating status

Operating

Headcount range

101–250 employees

Short description

Windsor Federal Bank is a community mutual savings bank founded in 1936 in Windsor, Connecticut, providing personal and business banking — checking, savings, mortgages, commercial lending, cash management, and digital banking — to individuals, families, and local businesses across Connecticut and selectively in Massachusetts and Rhode Island.

Ownership category

akta.pro rank

Product category

Retail Banking

NAICS

Savings Institutions and Other Depository Credit Intermediation (52218), Depository Credit Intermediation (5221)

SIC

Savings Institution, Federally Chartered (6035)

akta.pro primary industry

Savings Banks (Public/State-Owned) (FSABAKAK)

akta.pro secondary industries

Mass-Market Consumer Deposit Banking (Checking/Savings) (FSABAAAA), SME Deposits & Business Accounts (Operating, Savings, CDs) (FSABABAC)

Keywords

• Community banking
• Retail banking
• Mortgage lending
• Commercial lending
• Mobile banking

Headquarters

HQ city

Windsor

HQ country

United States

HQ region

North America

Offices1 record

Markets served

GTM type

B2B and B2C

Offering type

Services

Revenue model

1. Net Interest Income: Windsor Federal Bank generates revenue primarily through the spread between interest earned on loans (mortgages, commercial loans, home equity) and interest paid on deposits (checking, savings, CDs, money market accounts). As a mutual bank, profits are retained to strengthen the institution rather than distributed to shareholders.
2. Non-Interest Income: Fees from account maintenance, ATM transactions, wire transfers, overdraft protection, cash management services, merchant services, payroll solutions, and loan origination fees.

Pricing tiers

Go-to-market motion1 record

Distribution channels5 records

Marketing channels6 records

Core offering

Windsor Federal Bank is a mutual community bank providing personal and business banking products, including checking accounts, savings products, CDs, IRAs, HSAs, residential mortgages, home equity loans, commercial real estate financing, commercial construction loans, commercial lines of credit, and cash management services. Distribution is via Connecticut branch locations, Interactive Teller Machines (ITMs), mobile apps, and online banking.

Product overview

Windsor Federal Bank is a community mutual bank offering a comprehensive suite of personal and business banking products through multiple delivery channels. The personal banking portfolio includes various checking accounts (Totally Free Plus, Student, Performance Plus, Home Town, Partnership Plus), savings products (Statement Savings, Student Savings, Money Market, CDs, IRAs, HSAs), home lending (Purchase Mortgages, Refinance, Construction-to-Permanent, Home Equity), and digital banking services (Mobile Banking, Online Banking, Zelle, Mobile Wallet, ITMs). Business banking encompasses Business Checking, Business Savings, Business CDs, commercial lending (Real Estate, Construction, Lines of Credit, Association Loans), and cash management services (Payroll Solutions, Merchant Services, Lockbox, Wire Transfers, ACH Origination, Positive Pay, Remote Deposit Capture). All services are accessible through physical branch locations, ATMs, ITMs, and digital channels (web and mobile apps).

Differentiator

Problem solved

Functional benefit

Products and services

• Totally Free Plus Checking Free personal checking account with no monthly maintenance fees and basic banking features for individual consumers.
• Performance Plus Checking Interest-bearing personal checking account requiring $2,500 minimum balance to earn interest and waive monthly fee, with overdraft protection options.
• Partnership Plus Checking Premium personal checking account with tiered interest rates and perks for high-balance customers, including ATM rebates, free cashier's checks, and CD advantages.
• Home Town Checking Low-cost personal checking account designed for customers rebuilding financial stability, with $25 minimum opening deposit, $5 monthly fee waived first month, and free debit Mastercard.
• Statement Savings Basic personal savings account for short- or long-term savings goals with competitive interest rates.
• Student Savings Savings account for students ages 13-18 with tiered interest rates up to 5.12% APY on balances up to $1,000 and free ATM card.
• Personal Money Market Interest-bearing personal savings account with tiered rates up to 0.75% APY, overdraft protection for checking, and $10 minimum to open.
• Certificates of Deposit (CDs) Personal term deposit accounts with guaranteed returns, terms from 3 months to 5 years, $1,000 minimum to open.
• IRA CDs Tax-advantaged retirement CDs with fixed yields, 12-month term, $100 minimum to open.
• Health Savings Account (HSA) Tax-advantaged health savings account for high-deductible health plans with tax-deductible contributions, tax-free growth, and tax-free withdrawals for qualified medical expenses.
• Home Purchase Mortgages Residential purchase loans including conventional, FHA, and first-time homebuyer programs with down payments as low as 3% for qualified borrowers.
• Home Refinance Mortgage refinance options including no cash-out and cash-out refinance, fixed and adjustable-rate options.
• Construction Loans Construction-to-permanent and construction end loans for new home construction and renovation, with interest-only payments during construction.
• Home Equity Loans and Lines of Credit Home equity financing including fixed-rate loans and variable-rate lines of credit with CLTV up to 80-85% for qualified borrowers.
• Mobile Banking Free mobile banking app for Android and iPhone enabling balance checking, bill payment, mobile check deposits, and enhanced debit card controls.
• Online Banking Free web-based banking with account tracking, bill pay, eStatements, personal finance management, debit card controls, and export to Quicken and QuickBooks.

Quantifiable outcome

• 5 Star Rating from Bauer Financial
• +2 more outcomes

Named customers7 records

Segments7 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Integration10 records

Feature3 records

Partnerships

Eight partnerships are on record, tiered core and supporting.

• CheckwriterscoreTechnology or IntegrationPartnership with Checkwriters provides payroll technology and services for business customers. Features include paperless payroll, direct deposit, pay cards, time and attendance tracking, HR resources, and full payroll tax filing services.
• Integrity Merchant SolutionscoreTechnology or IntegrationPartnership provides cost-efficient credit card processing for business customers. Offers competitive rates, no-obligation cost savings analysis, and guaranteed fee stability.
• Lighthouse Payment Services, IncsupportingTechnology or IntegrationPartnership for lockbox payment processing services. Creates convenience of payment deposit collection and streamlines accounts receivable processing for businesses.
• Elan Financial ServicescoreGTM or Marketing PartnerElan Financial Services is the joint marketing partner for Windsor Federal Bank. They provide credit card program support and co-branded financial products.
• Zelle (Early Warning Services, LLC)coreTechnology or IntegrationZelle integration enables fast, safe money transfers between bank accounts. Available through mobile banking app and online banking at no cost to customers.
• Windsor Shad Fest BureausupportingGTM or Marketing PartnerCoalition of 15 local volunteer organizations organizing the annual Shad Derby Festival. Windsor Federal sponsors and participates in the event.
• Windsor Art CentersupportingGTM or Marketing PartnerNonprofit arts organization housed in a historic freight house. Windsor Federal sponsors the Art in Bloom fundraising soirée.
• IntraFi NetworksupportingTechnology or IntegrationIntraFi Network provides deposit placement services allowing customers access to FDIC insurance coverage beyond the standard $250,000 limit.

Scale indicators6 records

Recent moves6 records

Expansion highlights6 records

Direct peers

• Thomaston Savings Bank: Connecticut-based mutual savings bank serving consumers and businesses in Hartford and Litchfield Counties with deposits, mortgages, and commercial lending — directly comparable institutional structure and product mix to Windsor Federal.
• Berkshire Bank: Regional community bank with deep CT and Western MA presence offering consumer, business, and mortgage banking plus cash management — comparable in product breadth and target market, though publicly traded and larger scale.
• Liberty Bank: Connecticut-headquartered mutual community bank offering consumer and business banking, mortgages, and cash management across CT — same mutual structure, similar footprint, and overlapping SME/healthcare verticals.
• Washington Trust: Oldest community bank in the U.S., operating in RI and CT with consumer banking, mortgage, and wealth management — comparable relationship-banking model and overlapping CT footprint.
• Eastern Bank: Largest mutual bank in the U.S., headquartered in MA with consumer and business banking — directly comparable mutual ownership model and similar community-banking mission, with greater scale.
• Dime Bank: CT and RI community bank offering consumer and commercial banking, mortgages, and cash management services — comparable mutual/community focus and geographic adjacency.
• Chelsea Groton Bank: Connecticut community bank (mutual holding company structure) providing personal and business banking, mortgages, and wealth services — same regulatory family and overlapping customer base in eastern CT.

Emerging players

• Alliant Credit Union: Digital-first credit union with strong consumer deposit and mortgage products competing for the same Northeastern household relationships — represents the digital challenger set Windsor Federal must defend against.

Broad incumbents

• Webster Bank: Super-regional bank headquartered in CT with full consumer and commercial banking, mortgages, and cash management — broader portfolio and larger scale, but overlapping target market and product set.
• TD Bank (CT/NY Metro): Large national bank with dense CT and Northeast branch footprint offering consumer, business, and mortgage products — competes directly for the same deposit and SMB customers Windsor Federal serves.

Market position

Strengths4 records

Weaknesses4 records

Competitive moat6 records

Key risks5 records

Key highlights7 records

Customer concentration

• YouTubeyoutube.com/@windsorfederalbank
• Facebookfacebook.com/windsorfederalbank
• LinkedInlinkedin.com/company/windsor-federal-savings-and-loan
• Instagraminstagram.com/windsorfederalbank

Compliance3 records

Revenue estimate

Valuation estimate

Number of profiles

Subsidiaries1 record

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Windsor Federal Savings and Loan