Magyar Bank vs Unity Bank
Comparing a Bank in New Brunswick, NJ with a Bank in Clinton, NJ using federal FDIC, NCUA, and CFPB data. Trust Grades reflect financial strength and complaint history.
| Magyar Bank ↗ Bank · New Brunswick, NJ · Est. 1922 | Unity Bank ↗ Bank · Clinton, NJ · Est. 1991 | |
|---|---|---|
| Trust Grade | A · 98/100 | A · 98/100 |
| Institution type | Bank | Bank |
| Location | New Brunswick, NJ | Clinton, NJ |
| Total assets | $1.1B | $3.0B |
| Capital ratio | 11.2% | 11.9% |
| Return on assets | 1.2% | 1.9% |
| Deposits | $885.0M | $2.4B |
| Branches | 7 | 22 |
| CFPB complaints | 0 | 0 |
| Complaints / $1B assets | — | — |
| State rank | #4 of 50 | #5 of 50 |
| Established | 1922 | 1991 |
Magyar Bank
- Assets: $1.1B
- Deposits: $885.0M
- Capital ratio: 11.2%
- Return on assets: 1.2%
- CFPB complaints: 0
- State rank: #4 of 50
Unity Bank
- Assets: $3.0B
- Deposits: $2.4B
- Capital ratio: 11.9%
- Return on assets: 1.9%
- CFPB complaints: 0
- State rank: #5 of 50
Are both institutions federally insured?
Yes. Magyar Bank is FDIC-insured and Unity Bank is FDIC-insured. Both protect deposits up to $250,000 per depositor, per ownership category, regardless of Trust Grade. The Trust Grade reflects financial strength and complaint history — not the safety of insured deposits. Estimate your coverage →
Frequently asked questions
Which is better, Magyar Bank or Unity Bank?
Based on Bankzia's Trust Grade — which blends financial strength (capital ratio, ROA) with CFPB complaint history — Magyar Bank scores higher with a grade of A (98/100). However, "better" depends on your needs: if you prioritize branch access, local service, or membership eligibility for a credit union, the lower-scoring option may still be the right choice for you.
Is Magyar Bank safe?
Yes — Magyar Bank is FDIC-insured, meaning deposits up to $250,000 per depositor, per ownership category are federally protected regardless of the institution's Trust Grade. Its Trust Grade is A (98/100), reflecting its financial strength and complaint history relative to peers.
Is Unity Bank safe?
Yes — Unity Bank is FDIC-insured, meaning deposits up to $250,000 per depositor, per ownership category are federally protected. Its Trust Grade is A (98/100).
What is the capital ratio of Magyar Bank vs Unity Bank?
Magyar Bank has a capital ratio of 11.2%, placing it in the top 34% of $1B–10B peers. Unity Bank's ratio is 11.9%, placing it in the top 24% of $1B–10B peers. A higher capital ratio generally signals a stronger financial cushion.
How many complaints does Magyar Bank have compared to Unity Bank?
The CFPB database shows 0 complaints against Magyar Bank, and 0 complaints against Unity Bank. The per-$1B rate adjusts for institution size and is a more meaningful comparison metric.
How does Bankzia calculate the Trust Grade?
The Trust Grade combines a financial strength score (based on capital ratio, return on assets, and other FDIC/NCUA metrics) with a customer experience score derived from CFPB complaint data. The scores are weighted and normalized within peer groups by institution size and type. See our full methodology for details.
Compare Magyar Bank with other Banks in New Jersey
Financial data from FDIC call reports; complaint data from the CFPB Consumer Complaint Database. Bankzia is independent and not affiliated with any government agency or financial institution.
