COMMERCIAL BANKING
Our dedicated group of specialists work tirelessly to create solutions customized for your financial needs. We are owned in perpetuity with a stable ownership model so we’re with you for the long haul. We’re here to serve you, your business and your clients–now, and 40 years from now–while honoring a tradition that upholds our founding values.
CLICK PERSONAL OR COMMERCIAL BELOW TO LEARN MORE
PERSONAL BANKING
Our dedicated group of specialists work tirelessly to create solutions customized for your financial needs. We are owned in perpetuity with a stable ownership model so were with you for the long haul. We’re here to serve you, your business and your clients—now, and 40 years from now—while honoring a tradition that upholds our founding values.
CLICK PERSONAL OR COMMERCIAL BELOW TO LEARN MORE
COMMERCIAL BANKING
provides custom solutions and products—including loans, lines of credit and depository services — for you and your growing business.
SERVICES
CHECKING & SAVINGS
Tired of the big banks and high fees? Work with our community bank instead! Union Bank & Trust specializes in providing cost effective solutions for any size of business. Balances are FDIC insured up to $250,000.
COMMERCIAL CHECKING
This account is a perfect solution for corporations, non-profits and other organizations with a larger amount of transaction volume. It features:
- Unlimited transactions
- No minimum balance requirements
- Earning credit may offset service fees
Easy Access: Your account comes with:
- Online Banking
SMALL BUSINESS CHECKING
Does your business have a lower volume of transactions? This account is best for businesses that normally deposit and write a limited number of checks each month.
- $1,000 minimum daily balance
- If below minimum, there is a $6 service charge per month
- 75 items free per month (checks and deposited items)
- Over 75 items, there is an additional 40¢ service fee per item
Easy Access: Your account comes with:
- Online Banking
AVAILABLE ENHANCEMENTS FOR BUSINESS CHECKING ACCOUNTS
Make your business checking account even more powerful. Click here for details on other great treasury management tools like:
- Remote Deposit
- Positive Pay
- ACH alerts and more!
Contact our Business Banker for details.
Do you like the idea of keeping your savings close at our community bank? You can select one of these two accounts if you prefer to have easy access to your money, or one of our Certificates of Deposit if you need access to your money less frequently. Balances are FDIC insured up to $250,000
COMMERCIAL SAVINGS
- $100 minimum opening deposit
- Interest compounds quarterly
- $10 service charge per month if daily ledger balance falls below $100
COMMERCIAL MONEY MARKET SAVINGS
- $1,000 minimum opening deposit
- Interest compounds monthly
- Tiered interest rates (Contact us for rates)
- $10 service charge per month if daily ledger balance falls below $1,0000
AVAILABLE ENHANCEMENTS FOR BUSINESS SAVINGS ACCOUNTS
Make your business savings account even more powerful. Click here for details on other great conveniences like:
- Online Banking
- Automatic Transfers
- Sweep Accounts and more!
Contact our Business Banker for details.
CERTIFICATES OF DEPOSIT
- Variety of terms available
- Interest compounded annually on CDs with terms one year or longer
- Penalty for early withdrawal
Withdrawal limitations may apply to all savings accounts.
Contact our Business Banker for details.
Contact us for any more information regarding the services offered.
LOANS
It’s easier to work with a community bank for all your financing needs! With flexible loans and competitive rates,
we can customize credit requests of any size to meet your specific needs. Local businesses enjoy working with Union Bank & Trust
because our local streamlined credit approval process allows us to make sound credit decisions quickly and efficiently.
Working Capital Lines of Credit: This solution is perfect for businesses to bridge gaps in receivables or finance inventory.
Term Loans: It’s the smart way to finance capital expenditures with competitive fixed rates and affordable terms.
Commercial Real Estate Loans:
Let us help you with owner-occupied and investment real estate.
Small Business Administration (SBA) Loans:
These loan programs allow you to start or expand your business with longer terms, a lower down payment and favorable rates.
There are several options available through the SBA to help you purchase a business, fund growth, and buy commercial real estate or equipments.
See the SBA website:
SBA.Gov
for detailed loan options, or contact your business banker.
CEPD 2% Loan Program:
Working with the Community Planning and Economic Development organization and the City of Minneapolis, we are able to provide these special loans to help local businesses.
A wide variety of financing options are available for rehabilitation projects, housing developments, and many other programs.
View photos and contact info for our business banking team
here.
TREASURY MANAGEMENT
Online Banking: Convenient and secure 24/7 access to manage your finances. You can obtain balance information, transfer funds, confirm transactions and much more. Plus, you have control over the level of information for each user.
E-Statements: You can sign up to receive your monthly statements electronically. Plus, E-statements include digital copies of your check images.
Remote Deposit: Make deposits right from your desk! No more trips to the bank to make your deposits, no endorsement stamps, no deposit tickets. It is simple and safe to use the scanner and our secure network.
ACH ORIGINATION:
This service allows you to:
- Reduce payment costs and reconciliation time
- Get faster inflows.
- Control payment timing
- More accurate forecasting
Zero Balance Accounts: This service automates collection of funds in to one parent account giving you greater control over your cash position. Funding and investment decision-making becomes easier and less expensive because funds are now concentrated in one account and multiple transfer fees are avoided.
Merchant Processing Services: Allow your customers to pay you via credit card in person or online. Several options are available including swipe machines.
Business Credit Card: It’s the easy way to make purchases and track purchases, while you leave your business checkbook safely at the office.
Click here for any more information regarding the services offered.
Direct Deposit: Save time, paper and money and have your employees’ paychecks automatically deposited into their checking or savings accounts!
ACH ALERT: This service is a fraud prevention service that helps protect your account from unauthorized ACH transactions.
Positive Pay: This is a fraud prevention service that helps ensure only the checks you issue get processed by the bank.
ONLINE BANKING
Save time, take more control and improve cash flow in a fully secure environment designed specifically for your business! Our Business Online Banking product features 24/7 access so you can manage your finances anywhere and anytime that is convenient for you.
BUSINESS ONLINE BANKING FEATURES:
- Balance inquiries
- Transaction history
- Transfer funds amongst the accounts specified at enrollment
- Electronic Statements available
ADDITIONAL SERVICES
ADDITIONAL SERVICES
- Business VISA Card
- Night Depository
- Personal Checking Accounts
- Personal Savings Accounts
- Personal Loans
- Home Equity Loans and Lines of Credit
- Home Mortgages
- Personal Debit Card
- Direct Deposit
- Personal Credit Cards
- Overdraft Protection
- Certificates of Deposit
- Individual Retirement Accounts
- Trust Services
- Gift Cards
- Safe Deposit Boxes*
After-Hours Depository: We have a secured after-hours depository available for your convenience. Ask for details.
Safe Deposit Boxes*: Need greater security for your important business documents, articles of incorporation, and even digital files? Several sizes are available.
*SAFE DEPOSIT BOX – IMPORTANT NOTICE
The contents of your safe deposit box are not insured against loss by this financial institution. For your protection you may wish to obtain your own box content insurance from an insurance company of your own choice. You should also keep a complete up-to-date list and description of all property stored in your safe deposit box. This inventory and any other proof of ownership documents should be stored in another location other than your safe deposit box.
WHAT IS HAPPENING IN
COMMERCIAL BANKING?
PERSONAL BANKING
provides custom solutions and products—including loans, lines of credit and individual retirement accounts — for you and your growing family.
SERVICES
CHECKING
Union Bank & Trust likes to keep things simple with our personal accounts so you can focus on the things that matter most in your life. Choose from one of our four convenience options.
BASIC CHECKING
This account is a simple solution for no fees when you maintain a small minimum balance.
- $100 minimum opening account
- $200 minimum daily balance to avoid service charge.
- $6 per month and $0.15 per debit will be charged if the balance falls below $200.
- No interest earned
- Complimentary starter pack of personalized duplicate checks
- All the conveniences listed below
CLUB ADVANTAGE CHECKING
This is a no minimum balance account with a small monthly fee
$100 minimum opening account
$100 minimum opening account
- No minimum monthly balance
- $6 per month
- No interest earned
- Free money orders
- Complimentary starter pack of personalized duplicate checks
- All the conveniences listed below
*Fees may reduce earnings
Conveniences: Take more control of your account. Each account comes with great conveniences that make it easy to manage your money. Click here for details.
- Debit Card or ATM Card
- Free Online Banking
- E-statements
- Free Check Safekeeping
- Direct Deposits
- Automatic Transfers
- Overdraft Protection Line of Credit – subject to credit approval
- Savings transfers to protect against overdrafts
- Credit Cards
- Gift Cards and more
INTEREST PLUS CHECKING
This is an interest earning checking option no minimum balance account with a small monthly fee.
- $1,000 minimum opening account
- $1,000 minimum daily balance to avoid service charge.
- $8 per month and $0.15 per debit will be charged if the balance falls below $1,000.
- Interest is earned at published rate.*
- Complimentary starter pack of personalized duplicate checks
- All the conveniences listed below
55 PLUS CHECKING
Checking account with benefits for customers age 55 or older.
- $100 minimum opening account
- No minimum monthly balance
- No monthly service charge
- No interest earned
- standard style of personalized duplicate checks
- All the conveniences listed below
SAVINGS, CDs & IRAs
Keeping your money liquid is always a great idea while you earn interest. Union Bank & Trust offers three convenient savings accounts that give you easy access to your money, along with CDs that offer a fixed interest rate for a period of time. All deposit accounts are FDIC insured up to $250,000 per account holder.
BASIC SAVINGS
- $100 minimum balance to avoid service charges. $5 per month will be charged if the balance falls below $100.
- A variable rate of interest is paid quarterly.
- Limited transactions may apply.*
- Minor savings accounts are also available.
MONEY MARKET SAVINGS
- $1,000 minimum balance to avoid service charges.
- $10 per month will be charged if the balance falls below $1,000.
- A variable interest rate is paid monthly.
- Limited transactions may apply.*
ELECTRONIC TRANSFER ACCOUNT
- A monthly direct deposit of government benefits is required to be eligible (Social Security, Supplemental Security Income (SSI), Veterans Benefits, Railroad Retirement, Civil Service Salary or Retirement, or Military Retirement).
- No minimum balance.
- $3 monthly service charge.
- Limited transactions may apply.*
*Savings accounts are limited to 6 free withdrawals per month. Additional withdrawals are $1 each. Fees may reduce earnings.
Conveniences:Take more control of your account. Each account comes with great conveniences that make it easy to manage your money. Click here for details.
- ATM Card
- Free Online Banking
- E-statements
- Automatic Transfers
- Direct Deposit
- Credit Cards
- Gift Cards and more
Do you like the idea of getting a guaranteed competitive rate on your savings? Come to Union Bank & Trust for a Certificate of Deposit. We pay competitive rates and you can select the term that fits you best. Balances are FDIC insured up to $250,000.
CERTIFICATES OF DEPOSITS
- Guaranteed rate.
- Variety of terms available; $1,000 minimum deposit.
- Penalty for early withdrawal.
- Saving for retirement doesn’t happen by itself. That is why you should visit our community bank to help you make the best choice for your IRA. Each IRA has distinct tax advantages, see one of our IRA specialists to explain all the details.
INDIVIDUAL RETIREMENT ACCOUNTS
- 12, 24 and 36 month maturities
- Contribution limit for 2018: $5,500 (if you are age 50 and over, you can make an additional $1,000 catch-up contribution)
- Roth IRA: Your IRA contributions are not tax-deductible, and account growth and withdrawals are tax-free.
- Traditional IRA: Your IRA contributions may be tax-deductible, but account growth and withdrawals are taxed when you take the money out.
- Penalty for early withdrawal
- Contact us for current interest rates
LOANS
Thinking about that next big purchase? See our community bank for fast and flexible financing plans that can fit your budget. Here are a list of several personal loan options that we offer. All loans are subject to bank approval.
HOME EQUITY LINES OF CREDIT & LOANS
Take advantage of the equity you have built in your home to use as collateral to get the things you want in life.
- A great line of credit or term loan for homeowners
- No annual fee
- Fixed rate loans are also available
- Fast financing for home additions, improvements, buying new cars, or paying off credit cards
- Flexible repayment plans
- Interest may be tax deductible (see a tax advisor)
MONEY MARKET SAVINGS
- $1,000 minimum balance to avoid service charges.
- $10 per month will be charged if the balance falls below $1,000.
- A variable interest rate is paid monthly.
- Limited transactions may apply.*
VEHICLE, MOTORCYCLE, & BOAT LOANS
Need new wheels or a new boat to enjoy the Minnesota summers? Our friendly lending team will give you the time and attention you deserve.
- Fast service
- Very competitive rates and payments
- Variety of rate discounts available
- Financing for RVs, ATVs, campers, and motorcycles
PERSONAL LOANS & CREDIT LINES
Whatever you need or dream, visit the lending team at Union Bank & Trust. We offer out-of-the-box lending solutions to meet almost any need.
MORTGAGE LOANS
- A complete array of home financing options
- Conventional, FHA, and VA Loans
- Competitive pricing & fast approval
- Fixed and variable rate options
- First-time Home Buyers program
- Low down payment options
MORTGAGES
Union Bank & Trust provides
our customers with quality mortgage services.
our customers with quality mortgage services.
- See current mortgage rates
- Apply for a mortgage loan
- See many mortgage options
- Get all your mortgage questions answered
This service is ideal if you would like to refinance, purchase a new home, or make other real estate investments.
ONLINE BANKING
To meet your convenience needs, Union Bank & Trust offers a safe and easy way to bank from anywhere you can access the Internet. No matter what time of day, you can bank when it’s most convenient for you.
You will be able to:
- View your account balance
- View your current transactions.
- Transfer funds between accounts
- View and print previous statements
- Download transactions into your financial software
- View and print cleared checks
E-STATEMENTS
Go green with E-Statements! Its the environmentally-friendly solution by having your statement sent electronically for fast and secure delivery.
- You’re notified by e-mail when your E-Statement is available
- View your E-Statements electronically instead of the paper method at your convenience
- Need a hard copy? Just click “Print”.
Enjoy the convenience! Login to your account and select E-Statements, click on “User Options” and follow the E-Statement enrollment instructions and choose the accounts you would like to have E-statements.
ADDITIONAL SERVICES
DEBIT CARD
Your Union Bank & Trust Debit Card works like a check – only it’s easier, faster and more convenient than writing a check. It helps you get cash at ATMs, and you can use it at any merchant that accepts VISA®. Your Debit Card looks like a credit card but works like your check because the purchase amount is automatically deducted from your checking account.
- Your purchases will be easier, faster and more convenient
- You’ll save money because you’ll have fewer checks to order
- No need to write checks or even carry a bulky checkbook
- Receive a detailed list of every transaction on your monthly checking account statement
Save money on ATM withdrawals by getting cash back at some retailers. Simply select “Debit” when at the retailer swipe machine and ask to get cash back.
To report a lost or stolen Debit Card after hours, weekends, or holidays, please call 800-535-8440.
ATM CARD
Want something a little more basic? The Union Bank & Trust ATM card can help you get cash at ATMs all over the world and is available on both checking and savings accounts. Keep in mind that savings accounts do come with some limits regarding the number of withdrawals. We are connected to the Instant Cash® ATM network which allows you to make withdrawals all over the country.
*SAFE DEPOSIT BOX – IMPORTANT NOTICE
The contents of your safe deposit box are not insured against loss by this financial institution. For your protection you may wish to obtain your own box content insurance from an insurance company of your own choice. You should also keep a complete up-to-date list and description of all property stored in your safe deposit box. This inventory and any other proof of ownership documents should be stored in another location other than your safe deposit box.
OVERDRAFT PROTECTION
Get the smartest service around! Protect yourself from overdrafts with a convenient line of credit that connects to your checking account, or you can arrange to have automatic transfers from savings. You can use your line of credit as a short term loan to meet temporary needs. The line of credit is subject to application approval.
Click here to contact a banker about this valuable service.
CREDIT CARDS*
Need a convenient way to charge your purchases? Union Bank & Trust has partnered with TCM Bank to provide our customers with credit card options. Click Here For More Information.
*Subject to credit approval.
EXTRAS:
- Free Direct Deposit
- Cashiers Checks and Money Orders
- Unlimited check writing
- Free check safekeeping
- Notary Services
- Gift Cards
- Combined monthly statements
- Safe Deposit Boxes*
WHAT IS HAPPENING IN
PERSONAL BANKING?
