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Where You Bank Matters

 

Why We Give Back. Without you, there would be no ‘US’! Our long term success would NOT be possible without a vibrant community. Did you know Ulster Savings is 1 of 449 remaining mutual savings banks in the United States? In New York State, we are 1 of only 26 remaining mutual savings banks. What does that mean? Unlike big banks, mutual savings banks have no stockholders, therefore our profits stay local and are reinvested back into the community in a variety of ways

Where We Give. We support non-profit organizations in the communities we serve, with an emphasis on helping causes our employees are directly engaged with. The majority of our management team serves on local non-profit and economic development boards and employees donate their time and effort to various causes throughout the Hudson Valley.

Overall Impact. Ulster Savings is a leader in charitable giving year after year. We give back through the bank’s community donations program and our Charitable Foundation. The bank and it's foundation have donated over $15 million since the foundation's formation in 2001 in honor of the bank's 150th anniversary. 

2025 Community Impact:

  • $869,830 given to our community
  • 4,793 hours volunteered by employees
  • $10,775 donated to Jeans for Charity by employees
  • 426 non-profit organizations helped
  • 424 toys collected for Toy-for-Tots
  • 87 bags of coats collected
  • $45,357,179 in loans approved for first-time homebuyers
  • $2,967,083 in grants funded for homebuyers
  • $45,750 in credits given to homebuyers
 

Community Matters to US.

With deep roots in the Hudson Valley, we understand the value of caring about the communities we serve. Supporting local is at the heart of everything we do and no local community bank does it better than US. Whether it’s through monetary donations, collecting needed items, or volunteering our time.

Putt Fore Action

We were proud to be one of the sponsors of the Community Action Partnership's Putt Fore Action Fundraiser. Thank you to all our employees who volunteered their time at the event. Community Action Partnership aims to partner with individuals and families to eliminate poverty and identify the resources and opportunities available to them to enhance their self-reliance.

USB employees at the event

Make a Deal with US at the Buy Local Expo

Every year we participate in the Buy Local Expo hosted by the Ulster County Regional Chamber of Commerce. This wonderful event brings our local businesses under one roof. Our them this year was Make a Deal with US and many prizes were given away. Thank you to everyone that stopped by our booth.

Our marketing staff at the booth

Sparrow's Nest Gala

Some of our Wappingers Falls employees attended the Sparrows Nest of the Hudson Valley Farm to Table Gala earlier this month. This event was held in celebration of their team of medical professionals and volunteers that work tirelessly to take care of those in our community diagnosed with cancer. 

USB employees at Sparrow's Nest gala

Hyde Park Community Appreciation Day

Our Hyde Park branch held a community appreciation day on Saturday, August 24. Thank you to everyone who stopped by to enjoy refreshments and games. Our money machine is always a big hit. A big thank you to all our employees who contributed their time to make this day a wonderful success.

Community members outside of the Hyde Park branch

Supporting RUPCO's Landmark Place buildings

Ulster Savings Bank was proud to complete RUPCO's application and process the funds for over $1,000,000 in grants from the Federal Home Loan Bank of New York for the construction of their Landmark Place buildings. Our President and CEO Bill Calderara and our Officers and Compliance Specialist Lynne White, even got to tour the space in operation. They were joined by Jacob Day from the FHLBNY, and RUPCO CEO Kevin O'Connor, who kindly led their tour.

USB CEO with others in front of a historic building

Santa on the Roof of The People's Place

We are proud to sponsor The People's Place Project Santa every summer. Our CEO and President, Bill Calderara and CFO Jim Cotter were on the roof again this year helping bring awareness and raise funds for this worthwhile cause. Project Santa provides Christmas gifts to over 2,700 Ulster County children each year. This fundraiser brings the community together and celebrates the joy of Christmas, while raising funds to purchase children's toys.

Bill and Jim on the roof of People's Place

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