Branch Operations 

Effective 6/16/2020:
Starting Tuesday, June 16th, Unity Bank will reopen our branch lobbies. The following safety measures have been put in place to protect the health & safety of our customers, employees and community:
 
•             All individuals entering the building are required to wear a face mask.
•             No public restrooms are available at this time.
•             Occupancy limits for each branch will be imposed which may result in increased wait times.
•             Social distancing signage will be posted and enforced within each branch.
•             If you are not feeling well, please utilize our online and mobile banking services.
•             Branch hours & locations can be found here.
 
Please check this website for future updates.  We apologize for any inconvenience.

SBA PAYCHECK PROTECTION PROGRAM (PPP)

11/23 SBA PPP Loan Forgiveness Update

Unity Bank continues to accept Loan Forgiveness Applications in stages. Borrowers have up to 24 weeks from the date the loan was funded to utilize the funds, and up to 10 months from the end of this covered period to apply for forgiveness.

Customers with Loans over $75,000:
You should have received an email from Unity Bank with an application link on Friday. If you did not receive the email, please contact us at 800.618.BANK (2265)or by emailing: SBA_PPP@unitybank.com

Customers with Loans $150,000- $5,000,000:
Please complete the application link if you have not done so already. If you did not receive the link via email please contact us at 800.618.BANK (2265)or by emailing: SBA_PPP@unitybank.com for a replacement link.

Customers with Loans under $75,000:
We will continue to open the forgiveness application process to our customers by loan size over the next few weeks. Stay tuned!

Please keep an eye out for future email updates and check out our website for periodic updates.

Questions? Contact us by emailing SBA_PPP@unitybank.com


SBA PPP Loan Deferrals:

With the passing of the SBA PPP Flexibility Act on June 5, 2020, the covered period for all PPP loans was extended from 8 weeks to 24 weeks from the date the loan was funded. Additionally, the period for which loan payments would be deferred was extended to 10 months from the end of the covered period (or to the date SBA renders a decision on forgiveness, whichever comes first).
 

EIDL Program – 9/4 Update: All available funds for the EIDL Advance program have been allocated. By law, SBA is not able to issue EIDL Advances once program funding has been obligated and is no longer available.  EIDL loan applications will still be processed even though the Advance is no longer available.  Visit www.sba.gov for more details.


Click here for further program details


Certificates of Deposit - Penalties Waived

Unity Bank will waive all penalties for customers that would like to close their certificates of deposit prior to the maturity date. Please call your local branch for assistance.  A list of branch locations and phone numbers can be found HERE


IRS Stimulus (EIP) Direct Deposit or Check Issuance

 Unity Bank is working hard to ensure our customers are credited funds sent from the IRS as a direct deposit or check.
 
IRS Stimulus (EIP) Direct Deposit
For our Checking and Saving account holders expecting your Stimulus Deposit to go directly to an account at Unity Bank, please first log into your account online to verify the Stimulus Deposit or contact us at 800-618-2265.
 
If you DO NOT currently have a Checking or Savings account on file at Unity Bank but your 2018/2019 tax refund was deposited into a Unity Bank account that has since been closed, your stimulus check will be made available via check by the IRS, please visit www.irs.gov for further guidance in obtaining your funds via check.
 
IRS Stimulus (EIP) Checks
Unity Bank customers receiving a check from the IRS, please feel free to deposit your check through Unity Bank’s Mobile Deposit Service or visit your local office for assistance.
 
If you are going to utilize your local office, please ensure all parties are present to process the transaction and each has proper identification.

IRS Stimulus (EIP) Prepaid Debit Cards
Check your mail. Millions of people are getting Economic Impact Payments by prepaid debit card mailed in plain envelopes from Money Network Cardholder Services. Learn more at:  www.irs.gov/

Loan Relief

Small Business Federal Disaster Loans

The U.S. Small Business Administration is offering direct, low-interest federal disaster loans for working capital to small businesses suffering substantial economic injury as a result of the Coronavirus (COVID-19).

These Disaster Loans offer up to $2 million in financial assistance to help overcome the temporary loss of revenue they are experiencing.  These loans may be used to pay fixed debts, payroll, accounts payable and other bills that can’t be paid because of the disaster’s impact. 

SBA offers loans with long-term repayments in order to keep payments affordable, up to a maximum of 30 years. Terms are determined on a case-by-case basis, based upon each borrower’s ability to repay.

For SBA Disaster Relief information, please call 1-800-659-2955 (TTY: 1-800-877-8339) or e-mail disastercustomerservice@sba.gov.

To apply directly to the SBA for disaster relief, please visit: https://disasterloan.sba.gov/ela/

For New Jersey based businesses, additional information on relief can be obtained by calling the New Jersey Business Action Center (8am–5pm ET) at 1-800-JERSEY-7, or at https://cv.business.nj.gov/
 

ALERT - POTENTIAL PANDEMIC SCAMS

During these unprecedented times consumers may receive false information regarding the security of their deposits or their ability to access cash. The FDIC does not send unsolicited correspondence asking for money or sensitive personal information. The agency will never contact people asking for personal details, such as bank account information, credit and debit card numbers, Social Security numbers, or passwords.

Consumers may also be contacted by persons who claim to be employed by an agency, bank, or another entity. These scams may involve a variety of communication channels, including emails, phone calls, letters, text messages, faxes, and social media. Scammers might also ask for personal information such as bank account numbers, Social Security numbers, dates of birth, and other details that can be used to commit fraud or sell a person's identity. Consumers should not provide this information.


Digital Services: 

It’s a good idea for you to be prepared to manage finances in the event you cannot conduct business in the place or manner you usually do.   Whether the Bank’s digital products are your first preference or a back-up,  please make sure that you are familiar with the bank's electronic products, how to enroll and how they work. 

If for any reason you cannot conduct business in your usual place of business, you should ensure you have access to your passwords and other information you need to conduct transactions.  If there are services you rarely use, it is a good practice to regularly test these functions so you are prepared to use if needed.

Click below to learn about our digital products:


Financial Impact to Our Customers:
If you are financially impacted due to the Coronavirus crisis, please call our Customer Service Center at 800.618.BANK (2265).

Business Continuity
Federally regulated businesses, such as Unity Bank are required to have a business continuity program.   Unity has a comprehensive business continuity program that is not only reviewed by federal auditors but internally audited, tested and updated by the Bank and third parties.