Union Savings Bank
Headquarters
8805 Governors Hill Dr
Cincinnati, OH 45249
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2024 Overview
General Bank Information
Union Savings Bank is an FDIC insured institution located in Cincinnati, OH. It was founded in 1904 and has approximately $3.94 billion in assets. Customers can open an account at one of its 30 branches.
| FDIC Insured | Yes |
| FDIC Certificate | # 32296 |
| Date Established | 1904 |
| Assets | $ 3.94 billion |
| Loans | $ 3.46 billion |
| Deposits | $ 3.17 billion |
| Capital | $ 394.31 million |
For a more detailed analysis of Union Savings Bank's financial condition and a description of what these numbers mean, please visit the Financial Details section.
Deposit Rates - November 17, 2024
Your Current Location: Ohio, OH 43085
| Savings and Money Market Rates | APY | MIN | MAX | |
|---|---|---|---|---|
| Savings
|
0.15% | $2,500 | $4,999 |
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|
| CD Rates | APY | MIN | MAX | |
|---|---|---|---|---|
| 6 Mo CD
|
0.40% | $10,000 | $14,999 |
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|
| 6 Mo CD
|
0.35% | $10,000 | $14,999 |
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|
| 6 Mo CD
|
0.40% | $100,000 | $199,999 |
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|
| 6 Mo CD
|
0.35% | $100,000 | $199,999 |
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|
| 12 Mo CD
|
0.60% | $10,000 | $14,999 |
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|
| 12 Mo CD
|
0.50% | $10,000 | $14,999 |
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|
| 12 Mo CD
|
0.60% | $100,000 | $199,999 |
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|
| 12 Mo CD
|
0.50% | $100,000 | $199,999 |
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|
| 18 Mo CD
|
0.75% | $10,000 | $14,999 |
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|
| 18 Mo CD
|
0.65% | $10,000 | $14,999 |
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|
| 18 Mo CD
|
0.75% | $100,000 | $199,999 |
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|
| 18 Mo CD
|
0.65% | $100,000 | $199,999 |
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|
| 24 Mo CD
|
0.85% | $10,000 | $14,999 |
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|
| 24 Mo CD
|
0.70% | $10,000 | $14,999 |
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|
| 24 Mo CD
|
0.85% | $100,000 | $199,999 |
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|
| 24 Mo CD
|
0.70% | $100,000 | $199,999 |
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|
| 30 Mo CD
|
0.95% | $10,000 | $14,999 |
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|
| 30 Mo CD
|
0.75% | $10,000 | $14,999 |
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|
| 30 Mo CD
|
0.95% | $100,000 | $199,999 |
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|
| 30 Mo CD
|
0.75% | $100,000 | $199,999 |
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|
| 36 Mo CD
|
1.05% | $10,000 | $14,999 |
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|
| 36 Mo CD
|
0.80% | $10,000 | $14,999 |
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|
| 36 Mo CD
|
1.05% | $100,000 | $199,999 |
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|
| 36 Mo CD
|
0.80% | $100,000 | $199,999 |
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|
| 48 Mo CD
|
1.15% | $10,000 | $14,999 |
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|
| 48 Mo CD
|
0.90% | $10,000 | $14,999 |
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|
| 48 Mo CD
|
1.15% | $100,000 | $199,999 |
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|
| 48 Mo CD
|
0.90% | $100,000 | $199,999 |
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|
| 60 Mo CD
|
1.25% | $10,000 | $14,999 |
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|
| 60 Mo CD
|
1.00% | $10,000 | $14,999 |
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|
| 60 Mo CD
|
1.25% | $100,000 | $199,999 |
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|
| 60 Mo CD
|
1.00% | $100,000 | $199,999 |
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|
| Int Checking Rates | APY | MIN | MAX | |
|---|---|---|---|---|
| Int Ckg
|
0.10% | $2,500 | $3,499 | Learn More |
Loan Rates - November 17, 2024
Your Current Location: Ohio, OH 43085
| Refinance Mortgage Rates | APR | Rate | Monthly Payment | |
|---|---|---|---|---|
| 15 Year Fixed Conforming See Amortization Table |
5.81% | 6.31% | $2,754.93 | |
| 20 Year Fixed Conforming See Amortization Table |
6.05% | 6.55% | $2,395.64 | |
| 30 Year Fixed Conforming See Amortization Table |
6.29% | 6.79% | $2,084.03 |
| Purchase Mortgage Rates | APR | Rate | Monthly Payment | |
|---|---|---|---|---|
| 15 Year Fixed Conforming See Amortization Table |
5.81% | 6.31% | $2,754.93 | |
| 20 Year Fixed Conforming See Amortization Table |
6.05% | 6.55% | $2,395.64 | |
| 30 Year Fixed Conforming See Amortization Table |
6.29% | 6.79% | $2,084.03 | |
Compare with 6.494% APR and 6.375% 30-Year Fixed RATE from District Lending
See All Mortgage Rates |
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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.
Branches
Union Savings 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
Union Savings Bank Locations around zip code 43085
| Branch | Distance | Map | View Lobby Hours |
|---|---|---|---|
| 5.33 | A | View Lobby Hours | |
| 6.78 | B | View Lobby Hours | |
| 6.95 | C | View Lobby Hours | |
| 9.02 | D | View Lobby Hours | |
| 10.29 | E | View Lobby Hours | |
| 11.86 | F | View Lobby Hours | |
| 28.55 | G | View Lobby Hours | |
| 57.22 | H | View Lobby Hours | |
| 63.19 | I | View Lobby Hours | |
| 64.90 | J | View Lobby Hours | |
| 65.51 | K | View Lobby Hours | |
| 69.91 | L | View Lobby Hours | |
| 73.43 | M | View Lobby Hours | |
| 82.38 | N | View Lobby Hours | |
| 84.98 | O | View Lobby Hours | |
| 86.18 | P | View Lobby Hours | |
| 90.01 | Q | View Lobby Hours | |
| 90.26 | R | View Lobby Hours | |
| 90.59 | S | View Lobby Hours | |
| 92.13 | T | View Lobby Hours | |
| 93.19 | U | View Lobby Hours | |
| 94.90 | V | View Lobby Hours | |
| 95.07 | W | View Lobby Hours | |
| 97.00 | X | View Lobby Hours | |
| 102.97 | Y | View Lobby Hours | |
| 142.17 | Z | View Lobby Hours |
Climate Policy and Initiatives
Union Savings 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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Financial Details
Union Savings Bank Ratio Analysis
The following ratios and data are available to help you better understand the financial condition of Union Savings 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.
Texas Ratio
| Union Savings Bank | U.S. Bank Average |
|---|---|
| 1.65% | 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 Savings Bank had $6,988,000 in non-current loans and $0 in owned real estate. To cover these potential losses it had $394,307,000 in equity and $28,575,000 in loans loss reserves. That gives it a Texas Ratio of 1.65%.
Return on Equity
| Union Savings Bank | U.S. Bank Average |
|---|---|
| 7.01% | 10.46% |
Union Savings Bank has a Return on Equity of 7.01% 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.
Capitalization
| Union Savings Bank | U.S. Bank Average |
|---|---|
| 10.01% | 10.84% |
Union Savings Bank has a Capitalization of 10.01% 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.
Union Savings Bank Balance Sheet Analysis
As of June 30, 2024, Union Savings Bank had assets of $3,937,286,000, loans of $3,460,312,000, and deposits of $3,165,120,000. 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.
Summary Balance Sheet
June 30, 2024| ASSETS | |
|---|---|
| Cash & Balances due from depository institutions | $ 222.01 million |
| Interest-bearing balances | $ 207.95 million |
| Total securities | $ 7.40 million |
| Federal funds sold and reverse repurchase | $ 1.17 million |
| Net loans and leases | $ 3.46 billion |
| Loan loss allowance | $ 28.58 million |
| Trading account assets | N.A. |
| Bank premises and fixed assets | N.A. |
| Other real estate owned | N.A. |
| Goodwill and other intangibles | $ 79.84 million |
| All other assets | $ 117.28 million |
| Total Assets | $ 3.54 billion |
| LIABILITIES | |
|---|---|
| Total deposits | $ 3.17 billion |
| Interest-bearing deposits | $ 2.99 billion |
| Deposits held in domestic offices | $ 3.17 billion |
| % insured (estimated) | 87.63% |
| Federal funds purchased and repurchase agreements | N.A. |
| Trading liabilities | N.A. |
| Other borrowed funds | N.A. |
| Subordinated debt | N.A. |
| All other liabilities | $ 50.72 million |
| Total Liabilities | $ 3.54 billion |
| Shareholders’ Equity | $ 394.31 million |
Summary Income Statement
June 30, 2024| INCOME AND EXPENSES | |
|---|---|
| Total Interest Income | $ 101.70 million |
| Total Interest Expense | $ 66.90 million |
| Net interest income | $ 34.80 million |
| Provision for loan and lease losses | N.A. |
| Total non interest income | $ 16.69 million |
| Total non interest expense | $ 37.62 million |
| Pre-tax Net Operating Income | $ 27.09 million |
Bank Loan Profile?
The top three loan types in Union Savings Bank’s loan portfolio are 1-4 Family Residential Loans, Commercial Real Estate, and Construction and Development Loans.
Compared to other banks, Union Savings Bank’s loan portfolio does not show any specific loan specialty.
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 | 51.55 | ✓ | ||
| Multifamily Mortgages |
3.36 | ✓ | ||
| Credit Card Loans | 0.00 | ✓ | ||
| Consumer Auto Loans | 0.00 | ✓ | ||
| Small Business Loans | 1.38 | ✓ | ||
| Construction and Development Loans | 4.66 | ✓ | ||
| Commercial Real Estate | 5.84 | ✓ | ||
| Commercial and Industrial Loans | 0.35 | ✓ | ||
| Farm Loans | 0.00 | ✓ | ||
Customer Reviews for Union Savings Bank
Patty
March 21, 2020 |
Well here comes good old Union Savings the absolute worst bank to deal with in the world again today. We have no money coming in right now so we did not send in the mortgage payment yet because our family may need the money for food. So here comes a NASTY LETTER saying and I quote WE MAY REPORT INFORMATION ABOUT YOUR ACCOUNT TO CREDIT BUREAUS..LATE PAYMENTS.MISSED PAYMENTS OR OTHER DEFAULTS ON YOUR ACCOUNT MAY BE REFLECTED IN YOUR CREDIT REPORT IF PAYMENT IS 30 DAYS PAST DUE how NICE. May I ask how many people out there that are not working right now if you had to choose to make a payment or feed your family what would you do? This is not the first time we have been treated like dogs by this UNION SAVINGS my husband lost his job after being at a small company for 16years that went out of business 2 years ago when we went to this AWFUL NASTY BANK and tried to refinance we received NO HELP AT ALL OF COURSE THEY WERE SENDING LETTERS SAYING THEY WERE GOING TO TAKE OUR HOME ETC. PLEASE DO YOURSELF A FAVOR DON'T EVER, EVER USE THIS BANK FOR ANYTHING THEY DON'T GIVE A DAMN ABOUT THEIR CUSTOMERS AND WOULD NEVER HELP YOU IN A TIME OF NEED PERIOD. THIS IS MY HEART FELT OPION SHAME ON THEM!!!!
Is this review helpful? Yes:1 / No: 3
Autummoon
February 8, 2019 |
I went to the Union Savings Bank branch this morning, they won't honor the 2.50% APY for 6 Month CD as posted her in the BestCashCow website. I was told that Union Savings doesn't post their rate online and doesn't match online rate from any back or online back.
Is this review helpful? Yes:1 / No: 3
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