Why US

Without You There Is No US

Ulster Savings Bank is a mutual bank. This means we have no shareholders. Created to benefit our customers and community, we have donated millions over the years to help many. Our value isn’t affected by the buying and selling of bank stock, but instead, by the communities we proudly serve.

Everyone has a choice where to do business and you should feel good about where you bank. At Ulster Savings Bank, it’s our mission to be the community bank of choice, to deliver superior service and products to our customers, provide meaningful careers for our employees, and support the communities we serve.

As the longest running bank in Ulster County, we’ve stood the test of time. Throughout our history, we have effectively navigated many turbulences, including three depressions, twenty-six recessions, twenty-eight presidential cycles, and countless interest rate changes. Today, our capital ratios are almost double the regulatory benchmarks.

Ulster Savings Bank is the #1 bank in Ulster County by both deposit market share1 and mortgage loans originated.2 But don’t just take our word for it. Know that we are rated 5 Stars from Bauer Financial, a completely independent company that rates banks and credit unions across the country. Our 5-Star Bauer Financial rating is the highest rating this agency offers, which recognizes top tier safety, soundness, and performance. In a nutshell, we are one of the strongest banks in the nation.

Ulster Savings is also the proud recipient of the 2019, 2020, 2021, and 2022 Banky™ Awards. Honored by The Institute for Extraordinary Banking, Ulster Savings Bank was recognized as being one of the top 1% of high-performing banks in America for our efforts in five categories:

  • Philanthropy
  • Above and Beyond Customer Service
  • Thought Leadership
  • Internal Culture
  • Financial Literacy Education

More than just banking, our customers gain convenient access to a wide range of products and services all in one place. Whether you’re in need of a bank, an independent insurance agency, a tax preparer, a financial services provider, or a payroll company, it’s all right here with US. Our long tenured management team and dedicated employees provide the personalized and responsive service.

Our community is our home. When communities thrive, we do too. That’s why community health is so important to US. Community support is a passion at Ulster Savings Bank. Because we have no stockholders, we are able to reinvest more of our profits within the communities we serve. Very few banks have both a charitable foundation and a community donation program like Ulster Savings. Since our foundation was formed back in 2001, Ulster Savings Bank has contributed over $15 million dollars back into the community. Supplement that with the love that our employees show through our community service program and the volunteer hours that they serve throughout the Hudson Valley year after year, we truly are a community bank.

Sure, financial institutions across the country offer many of the same products and services. It’s that extra that sets us apart from all the others because we understand that without you there is no US.

1 FDIC deposit market share data as of June 2022. 
2 Data reported from 2021 Wolters Kluwer CRA Wiz Consumer Financial Protection Bureau.

24/7 Debit Card Support: 866-440-0392
Calls from 800-262-2024 are from our fraud monitoring provider Enfact.
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