United Savings Bank Fsb

What United Savings Bank Fsb does

United Savings Bank Fsb is a privately held, federally chartered savings bank headquartered at 1510 Packer Avenue in Philadelphia, Pennsylvania. Founded in 1912 as the Southwestern Businessman's Building & Loan Association and rebranded to United Savings Bank, the institution has operated continuously for over 110 years and currently runs six branch locations across Philadelphia and Delaware County, PA. Its product portfolio spans personal banking (checking, savings, money market, CDs, IRAs, HSAs), business banking (checking, trust accounts, merchant services via Heartland), and lending products (residential mortgages, home equity, commercial real estate, business loans, CD-secured loans). It is FDIC-insured, NMLS-licensed (#510431), an Equal Housing Lender, and carries a 5-Star BauerFinancial rating.

The bank operates a sales-led, relationship-driven community banking model supplemented by a multi-channel digital platform. Online and mobile banking (iOS/Android) deliver mobile deposit via computer-vision check scanning, bill pay, external account transfers (TransferNow), eStatements, eAlerts, and CardValet debit card controls, while business customers access a separate Business Online Banking platform with ACH Manager, wire processing, remote deposit, and OFX connectivity to QuickBooks and Quicken. Security infrastructure includes SSL encryption, VeriSign Digital ID, hardware firewall/router protection, and Regulation E-compliant fraud monitoring. Revenue is generated primarily through net interest income on mortgage, home equity, and commercial lending, augmented by deposit account fees, wire transfer fees, safe deposit box rentals ($25-$150 annually), and merchant services revenue through the Heartland partnership.

The institution serves individual consumers, small-to-mid-size businesses, real estate investors (including LLC-held investment properties), home buyers and refinancers, and attorneys/title companies requiring trust and escrow services. Its go-to-market emphasizes local decision-making, personalized in-branch service, community education programs (Kids Corner, Money Matters for Students, ABA #SafeBankingForSeniors), and 110+ years of regional brand equity, positioning against larger national banks by emphasizing stability over teaser rates. The bank is closely held with no parent company, no institutional investors, and no public ticker; leadership has remained within the Nigrelli family across two generations.

Name

United Savings Bank Fsb

Legal name

United Savings Bank

Website

https://unitedsavingsbank.com

Company type

Private

Founded year

1912

Operating status

Operating

Headcount range

11–50 employees

Short description

United Savings Bank Fsb is a privately held, federally chartered community bank founded in 1912, operating six branches in Philadelphia and Delaware County, PA. It offers personal and business banking, mortgages, and commercial lending to consumers, SMBs, and real estate investors.

Ownership category

akta.pro rank

Product category

Community Banking

NAICS

Savings Institutions and Other Depository Credit Intermediation (522180)

SIC

Savings Institution, Federally Chartered (6035)

akta.pro industry

PRIMARYFSABAEAD

Mutual Savings Banks & Mutual Thrifts

Financial & Insurance/Banking (Commerical, Retail & Consumer)/Community & Cooperative Banking (Credit Unions, Mutuals)

SECONDARYFSABAAAA

Mass-Market Consumer Deposit Banking (Checking/Savings)

Financial & Insurance/Banking (Commerical, Retail & Consumer)/Retail Banking

SECONDARYFSABABAC

SME Deposits & Business Accounts (Operating, Savings, CDs)

Financial & Insurance/Banking (Commerical, Retail & Consumer)/Commercial Banking (SME & Middle Market)

Keywords

• Community banking
• Consumer deposits
• Residential mortgages
• Commercial lending
• Business banking

Headquarters

HQ city

Philadelphia

HQ country

United States

HQ region

North America

Offices6 records

Markets served

GTM type

B2B and B2C

Offering type

Services

Cost components

Personnel, Operations, Infrastructure, Technology or R&D, Marketing or Sales, Others

Revenue model

1. Interest Income from Lending: Primary revenue stream from interest earned on mortgage loans (residential and commercial), home equity loans, commercial loans, and CD secured loans. Offers fixed and variable rate products.
2. Deposit Account Fees: Monthly service charges, minimum balance fees, and transaction fees from checking and savings accounts. Fee structures vary by account type.
3. Merchant Services: Revenue from payment processing services offered through Heartland partnership for business customers
4. Safe Deposit Box Rental: Annual fees for safe deposit boxes ranging from $25 to $150 per year depending on box size
5. Wire Transfer Fees: Fees for domestic and foreign wire transfers processed through business online banking

Pricing tiers

Go-to-market motion1 record

Distribution channels5 records

Marketing channels7 records

Core offering

United Savings Bank is a federally chartered community savings bank offering personal and business deposit accounts (checking, savings, money market, CDs, IRAs, HSAs), consumer and commercial lending (residential mortgages, home equity, commercial real estate, business and CD-secured loans), and digital banking services across 6 branch locations in the Greater Philadelphia region. It generates revenue primarily from interest income on loans and deposit-related service fees.

Product overview

United Savings Bank is a community bank serving the Greater Philadelphia region since 1912, operating 6 branch locations across Philadelphia and Delaware County, PA. Its product portfolio spans personal banking (checking, savings, money market, CDs, IRAs, HSAs), business banking (checking, trust accounts, merchant services), and lending (residential mortgages, home equity, commercial loans, business loans, CD-secured loans). Digital banking services are delivered through Online Banking (web), Mobile Banking (iOS/Android apps), Business Online Banking, and Telephone Banking, supplemented by tools like Financial Calculators, eAlerts, Mobile Deposit, Bill Pay, TransferNow, and eStatements. Security services include fraud monitoring, identity theft protection resources, and cybersecurity guidance. The bank is FDIC insured, NMLS licensed (#510431), and rated 5 stars by BauerFinancial.

Differentiator

Problem solved

Functional benefit

Products and services

• Platinum Checking Personal checking account with unlimited deposits and check writing, free Bill Pay, free basic checks, and free debit/ATM card usage. Requires $100 minimum balance to avoid a $10 monthly service charge.
• Premium Interest Checking Interest-bearing personal checking account offering money market rates, unlimited deposits and check writing, debit/ATM card access, and Bill Pay. Requires $1,000 minimum balance.
• Money Market Checking Personal checking account with a $5,000 minimum balance requirement offering competitive interest rates, linked Visa Debit card access, and check writing.
• Zero Balance Checking No-minimum-balance personal checking account with a $2.50 monthly maintenance fee, including 7 free checks and 5 free deposit items per month.
• Statement Savings Personal savings account with a $250 minimum balance requirement, monthly interest credit, and monthly statements (quarterly for inactive accounts).
• Certificate of Deposit Time deposit account with terms from 3 months to 60 months and a $1,000 minimum deposit; early withdrawal penalties apply.
• Money Market Plus Money market account with competitive interest rates linked to a Personal Checking account, with Visa Debit Card access; $100 minimum balance to avoid $8 monthly service charge.
• Premium Money Market Money market account with $100 minimum balance requirement and $3 monthly service charge if balance falls below minimum; linked to Personal Checking.
• UniSavings Money Market Money market account with a $5,000 minimum balance requirement to avoid $8.50 monthly service charge; tiered interest rates linked to Personal Checking.
• Traditional IRA Tax-deferred Individual Retirement Account allowing contributions up to $7,500 for 2026 ($8,600 for age 50+); no administration fees and $1,000 minimum to open.
• Roth IRA Individual Retirement Account where contributions are not tax deductible but qualified earnings and withdrawals are tax-free; no administration fees.
• Health Savings Account (HSA) Tax-advantaged savings account for qualified healthcare expenses including deductibles, prescriptions, co-insurance, vision, and dental; balances carry over year-to-year and accounts are portable.
• Visa Debit Card Visa-branded debit card with Contactless (Tap & Go) technology, accepted everywhere Visa is accepted, with usage alerts and management controls.
• Online Banking Comprehensive digital banking platform for retail customers offering Bill Pay, external transfers, eStatements, debit card management, account alerts, stop payments, and check reordering with OFX connectivity to QuickBooks and Quicken.
• Mobile Banking Mobile banking platform available via iOS and Android apps enabling customers to deposit checks via Mobile Deposit, pay bills, transfer funds, get instant balance updates, and manage debit cards.
• Safe Deposit Boxes Secure storage boxes available in six sizes (2x5 through 10x10) with annual fees ranging from $25 to $150, for storing sensitive documents, deeds, titles, certificates, jewelry, and collectibles.
• Prepaid Gift Cards Reloadable gift cards in the United Savings Bank brand with minimum value of $10 and maximum of $750.
• Travel Cards EMV chip-enabled prepaid travel cards for domestic and international use, separate from checking accounts; minimum load of $100 and maximum of $5,000.
• Telephone Banking Bank-by-phone service accessed by calling 215-467-4300 Option 2, enabling balance checks, account activity review, and fund transfers between accounts.
• Small Business Checking Business checking account for moderate to heavy activity with lower average balances; $1,000 minimum balance to avoid $20 monthly service charge and 200 combined free items per month.
• Master Checking Business checking account for higher-balance companies enabling a monthly Earnings Credit that reduces or offsets service charges; no minimum balance required and unlimited transactions.
• Business Interest Checking Interest-bearing business checking account for lower-activity accounts; $2,000 minimum balance to avoid $20 monthly service charge and 100 combined free items per month.
• Community Business Checking Business checking account for accounts with average balances below $1,000; no minimum balance required, $15 monthly service charge, and 150 combined free items per month.
• Business Debit Cards Visa debit card issued in the company name, directly linked to the business checking account.
• Business Online Banking Comprehensive cash management platform for business customers providing wire exchange, ACH manager, desktop remote deposit, real-time balance reporting, extended transaction history, downloadable exports, check image retrieval, account alerts, and QuickBooks/Quicken OFX connectivity.
• Merchant Services Payment processing and point-of-sale systems for business customers, provided in partnership with Heartland, including faster funding, transparent pricing, 24/7 US-based customer service, chargeback assistance, and PCI compliance assistance.
• Trust Accounts Trust and fiduciary banking services for attorneys and title companies including Estate Accounts, IOLTA accounts, Escrow accounts for landlord/tenant, divorce settlements, and real estate transactions, plus Power of Attorney, Court Order, Burial, and Guardian Accounts.
• Mortgages Residential mortgage lending for primary residences including First Time Home Buyer Programs, second/vacation homes, and 1-to-4 family investment properties; available in 30, 20, 15, and 10-year fixed rate terms and 5, 3, and 1-year ARMs with loans up to $832,750 for conforming products.
• Home Equity Loans Home equity lending products for home improvements, college tuition, credit card consolidation, vehicle purchases, and unexpected bills; offered as fixed rate options and variable lines of credit with maximum LTV of 75% and loan amounts from $10,000 to $250,000.
• Commercial Loans Fixed and variable rate commercial loans for real estate investors and business owners covering multi-family, office space, mixed-use, retail space, light industrial, flex space, and single-family investment properties; residential investment property in an LLC available with fixed rate terms and no resets.
• Business Loans Working capital solutions including Lines of Credit (secured against real estate or accounts receivable, interest-only on drawn amounts) and CD Secured Business Loans as an alternative to depleting cash holdings, with fast approval and quick access to funds.
• CD Secured Loans Personal loans secured by a Certificate of Deposit as collateral, allowing customers to retain their original CD investment while accessing funds.

Quantifiable outcome

• 5 Star rated institution year over year, demonstrating financial strength and stability

Segments5 records

Ideal customer profiles4 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Integration5 records

AI capability3 records

Feature5 records

Partnerships

One partnership is on record.

• HeartlandcoreTechnology or IntegrationStrategic partnership with Heartland for merchant services and payment processing. Heartland provides payment processing and POS systems to United Savings Bank's business customers. Benefits include faster funding, simple transparent pricing, 24/7/365 Live US-based customer service, chargeback assistance, and PCI Compliance Assistance at no charge.

Scale indicators3 records

Recent moves14 records

Expansion highlights4 records

Broad incumbents

• Customers Bank: Pennsylvania-headquartered commercial bank serving consumers, small businesses, and commercial clients across the Mid-Atlantic and nationally. Operates in the same PA geography as USB but at materially larger scale with a broader commercial banking franchise.
• WSFS Financial Corporation: Largest locally headquartered community bank in the Greater Philadelphia region with full-service consumer, business, and wealth offerings across multiple states. Overlaps USB's geography and customer base but at significantly larger scale with broader product and digital capabilities.

Regional players

• Citadel Federal Credit Union: Pennsylvania-headquartered federally chartered credit union serving Chester County and surrounding areas with consumer banking, mortgages, and business services. Comparable community focus and PA footprint as USB, though structured as a member-owned cooperative rather than a chartered savings bank.

Direct peers

• Republic Bank (Republic First Bancorp): Philadelphia-based community bank with branch presence across PA, NJ, and NY offering consumer and business banking, small-business lending, and commercial real estate loans. Comparable scale and product mix to USB with similar community bank positioning.
• Univest Bank and Trust Co. Pennsylvania-headquartered community bank with comparable multi-branch footprint across southeastern PA, offering consumer banking, mortgages, commercial lending, and wealth services. Closely matches USB on regional focus, full-service community banking model, and family-influenced governance.
• ACNB Bank: Pennsylvania-headquartered community bank with consumer, business, and mortgage banking across central and southeastern PA. Similar size and product set as USB, with comparable community bank positioning and CRE/residential lending focus.
• Tompkins Community Bank (Tompkins Financial): Community-focused bank serving the Mid-Atlantic and Northeast with full-service consumer, business, and lending products. Comparable on relationship-driven community banking model, multi-branch footprint, and emphasis on local decision-making.
• Firstrust Bank: Philadelphia-based family-owned commercial and savings bank with a comparable multi-branch community model serving consumers and small businesses in the Greater Philadelphia market. Directly comparable on geography, customer segment, and product mix.
• Parke Bank: Small, family-influenced community bank in the Mid-Atlantic region offering personal and business banking, mortgages, and commercial lending. Comparable size, family-influenced governance model, and relationship-driven community banking focus to USB.

Emerging players

• Quontic Bank: Digital-first community bank offering online checking, savings, mortgages, and CDs with a focus on underserved consumers. Represents the digital-native competitive vector facing USB as customer expectations shift toward mobile-first banking experiences.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat4 records

Key risks6 records

Key highlights7 records

Customer concentration

• LinkedInlinkedin.com/company/united-savings-bank

Compliance6 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles12 records

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 United Savings Bank Fsb