Union Bank is an FDIC insured institution located in Morrisville, VT. It was founded in 1891 and has approximately $1.4 billion in assets. Customers can open an account at one of its 18 branches.
FDIC Insured | Yes |
FDIC Certificate | # 14158 |
Date Established | 1891 |
Assets | $ 1,397.83 million |
Loans | $ 1,007.25 million |
Deposits | $ 1,057.05 million |
Capital | $ 80.06 million |
For a more detailed analysis of Union Bank's financial condition and a description of what these numbers mean, please visit the Financial Details section.
Your Current Location: Ohio, OH 43085
Your Current Location: Ohio, OH 43085
Home Equity Rates | APR | Rate | Monthly Payment | |
---|---|---|---|---|
Line of Credit See Table |
5.00% | 5.00% | Varies | |
Compare with 7.24 RATE Line of Credit from Third Federal Savings and Loan
See All Home Equity Rates |
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10 Year Loan
See Table |
5.77% | 5.75% | $1,097.69 | |
15 Year Loan
See Table |
6.00% | 5.99% | $843.32 |
Refinance Mortgage Rates | APR | Rate | Monthly Payment | |
---|---|---|---|---|
5 Year Adjustable Conforming See Amortization Table |
8.66% | 8.25% | $2,404.05 | |
7 Year Adjustable Conforming See Amortization Table |
8.65% | 8.25% | $2,404.05 | |
15 Year Fixed Conforming See Amortization Table |
8.21% | 8.13% | $3,082.15 | |
20 Year Fixed Conforming See Amortization Table |
8.45% | 8.38% | $2,752.78 | |
30 Year Fixed Conforming See Amortization Table |
8.68% | 8.63% | $2,490.07 | |
30 Year Fixed Jumbo See Amortization Table |
8.82% | 8.75% | $2,517.44 |
Purchase Mortgage Rates | APR | Rate | Monthly Payment | |
---|---|---|---|---|
5 Year Adjustable Conforming See Amortization Table |
8.66% | 8.25% | $2,404.05 | |
7 Year Adjustable Conforming See Amortization Table |
8.65% | 8.25% | $2,404.05 | |
15 Year Fixed Conforming See Amortization Table |
8.21% | 8.13% | $3,082.15 | |
20 Year Fixed Conforming See Amortization Table |
8.45% | 8.38% | $2,752.78 | |
30 Year Fixed Conforming See Amortization Table |
8.68% | 8.63% | $2,490.07 | |
Compare with 6.956% APR and 6.875% 30-Year Fixed RATE from Mutual of Omaha Mortgage, Inc.
See All Mortgage Rates |
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30 Year Fixed Jumbo See Amortization Table |
8.82% | 8.75% | $2,517.44 | |
Compare with 6.956% APR and 6.875% 30-Year Fixed RATE from Mutual of Omaha Mortgage, Inc.
See All Mortgage Rates |
Monthly payments for mortgage products are based on a loan amount of $200,000. Home equity monthly payments are based on a loan amount of $50,000. Auto loan monthly payments are based on a loan amount of $25,000. Rates for each product are based on a variety of factors including credit score and loan amount. For specific requirements please check with the lender. Rates may change at any time.
Union Bank branches and locations in your neighborhood. Input a different zip code to find branches and locations for any neighborhood in the United States.
Your Location:
Columbus,Ohio
Branch | Distance | Map | View Lobby Hours |
---|---|---|---|
622.08 | A | View Lobby Hours | |
623.02 | B | View Lobby Hours | |
628.68 | C | View Lobby Hours | |
628.97 | D | View Lobby Hours | |
634.22 | E | View Lobby Hours | |
635.39 | F | View Lobby Hours | |
636.29 | G | View Lobby Hours | |
645.06 | H | View Lobby Hours | |
652.99 | I | View Lobby Hours | |
658.53 | J | View Lobby Hours | |
658.93 | K | View Lobby Hours | |
662.22 | L | View Lobby Hours | |
663.00 | M | View Lobby Hours | |
663.46 | N | View Lobby Hours | |
665.38 | O | View Lobby Hours | |
666.44 | P | View Lobby Hours | |
688.04 | Q | View Lobby Hours |
Union Bank is encouraged to provide us with this information. When we receive this information from the bank, we will provide it here.
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The following ratios and data are available to help you better understand the financial condition of Union Bank. The data is provided by the FDIC. All banks listed on BestCashCow.com are FDIC-insured. No depositor has ever lost deposits that have been within the FDIC insurance limits.
Union Bank | U.S. Bank Average |
---|---|
2.22% | 4.48% |
The Texas Ratio compares the bank’s non performing assets (non-performing loans and real estate owned) with its tangible common equity and its loan loss reserves. A lower Texas ratio indicates better coverage of problem loans. The closer the Texas Ratio is to 1-to-1 or 100%, the less capital and reserves a bank has to absorb its loan losses.
As of June 30, 2024, Union Bank had $1,928,000 in non-current loans and $0 in owned real estate. To cover these potential losses it had $80,058,000 in equity and $6,893,000 in loans loss reserves. That gives it a Texas Ratio of 2.22%.
Union Bank | U.S. Bank Average |
---|---|
12.18% | 10.46% |
Union Bank has a Return on Equity of 12.18% versus the BestCashCow average of 10.46%. Return on equity measures how efficiently a bank is making money from its capital. A bank with a consistently high ROE can be considered well run. A bank with a consistently low ROE can be considered poorly run.
Union Bank | U.S. Bank Average |
---|---|
5.73% | 10.84% |
Union Bank has a Capitalization of 5.73% versus the BestCashCow average of 10.84. Capitalization measures how much equity capital a bank has to underpin loans and other assets on its balance sheet. The higher the capitalization number the more secure a bank is considered.
As of June 30, 2024, Union Bank had assets of $1,397,831,000, loans of $1,007,251,000, and deposits of $1,057,053,000. Long-term increases in deposits shows a bank's ability to raise funds to grow its loans and assets. Loan and asset growth may rise or fall depending on a bank's strategy for growth. Sharp rises and falls in assets, deposits, and loans can be problematic, indicating a loosening of lending standards, or financial distress leading to reduced lending. A big change in these figured can also be from a bank acquisition or merger.
ASSETS | |
---|---|
Cash & Balances due from depository institutions | $ 44.48 million |
Interest-bearing balances | $ 14.48 million |
Total securities | $ 254.07 million |
Federal funds sold and reverse repurchase | $ 0.01 million |
Net loans and leases | $ 1,007.25 million |
Loan loss allowance | $ 6.89 million |
Trading account assets | N.A. |
Bank premises and fixed assets | N.A. |
Other real estate owned | N.A. |
Goodwill and other intangibles | $ 3.84 million |
All other assets | $ 46.06 million |
Total Assets | $ 1,317.77 million |
LIABILITIES | |
---|---|
Total deposits | $ 1,057.05 million |
Interest-bearing deposits | $ 830.37 million |
Deposits held in domestic offices | $ 1,057.05 million |
% insured (estimated) | 62.60% |
Federal funds purchased and repurchase agreements | N.A. |
Trading liabilities | N.A. |
Other borrowed funds | N.A. |
Subordinated debt | N.A. |
All other liabilities | $ 9.74 million |
Total Liabilities | $ 1,317.77 million |
Shareholders’ Equity | $ 80.06 million |
INCOME AND EXPENSES | |
---|---|
Total Interest Income | $ 32.17 million |
Total Interest Expense | $ 13.40 million |
Net interest income | $ 18.78 million |
Provision for loan and lease losses | $ 0.16 million |
Total non interest income | $ 5.12 million |
Total non interest expense | $ 18.60 million |
Pre-tax Net Operating Income | $ 7.01 million |
The top three loan types in Union Bank’s loan portfolio are 1-4 Family Residential Loans, Commercial Real Estate, and Small Business Loans.
Compared to other banks in Vermont, Union Bank has a significantly higher percent of Multifamily Mortgages, Credit Card Loans, Construction and Development Loans on its balance sheet, potentially indicating a specialty in that lending area.
Note: Percentages may not sum to 100% due to rounding and double categorization of some loan types. All data from the FDIC. Additional information about this table.
% Loans |
% Comparison to Other Banks |
|||
---|---|---|---|---|
Low | Med | High | ||
1-4 Family Residential Loans | 30.68 | ✓ | ||
Multifamily Mortgages |
8.87 | ✓ | ||
Credit Card Loans | 0.00 | ✓ | ||
Consumer Auto Loans | 0.01 | ✓ | ||
Small Business Loans | 8.89 | ✓ | ||
Construction and Development Loans | 8.15 | ✓ | ||
Commercial Real Estate | 26.76 | ✓ | ||
Commercial and Industrial Loans | 4.40 | ✓ | ||
Farm Loans | 0.04 | ✓ |
Customer Reviews for Union Bank
doug
December 17, 2020 |
Union Bank seized my wife’s, mother’s and my assets based on a bankruptcy filing for a different person filed Nov. 29, 2020 in the middle court district of Pennsylvania; case number BK 03404. This person sometimes used an alias, the same name as my wife. Union Bank seized our combined assets based on the same name and the last four digits of my wife’s SSN, which are the same last four digits of the person filing bankruptcy.
Mathematically the way the SSN is created there are approximately 33,000 Americans using the same combination of the last four digits of the SSN. Look it up on the internet, it is easy to find. Also a search of the last Census data shows that there are 2,865 people in America with my wife’s name.
A simple internet search on the public internet of the person listed in the bankruptcy filing showed she has a different birth date and is 6 years younger than my wife. The public search also shows she has never lived in California and my wife has never lived in Pennsylvania. This is all from a simple public internet search; Union Bank has full access to credit reports with all of these details and more. The most important of which is that the person in the filing and my wife have different SSNs, except the last four digits.
All of this leads to the conclusion that Union Bank did not perform even the most basic verification before illegally seizing the assets of my wife, mother and myself for a bankruptcy filed 2,800 miles from my wife’s home, in the name of a different person. Also none of the 5 other banks and credit unions the three of us use, and contacted, had any notices or seized any assets; this is a Union Bank specific mistake. Union Bank seized the assets without prior notification and did not resolve the issue until four days later, after a lot of phone calls and haranguing.
Union Bank needs to change its policies related to asset seizures. And defiantly need to improve their communication and processing policies; we are still getting letters from Union Bank Legal Dept. even after they corrected their mistake. Union Bank has gone a long way in alienating and disrespecting all three of us as customers. It is time for a new bank, one that actually cars about its customers.
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