RESOURCES
FAQs
Trust Under Will is an arrangement created in an individual’s will whereby, at his or her family or othere beneficiaries for a specified period of time
Where can I park?
- Our parking lot is located behind the United Labor Centre building between University Ave SE and 4th St SE. Enter through the Bank Drive Up on 2nd Ave SE.
What does it take to open a depository account?
- Government issued identification, social security number and an opening deposit.
What can I do in online banking?
- View your account balances and transaction history, transfer money between accounts, see check images. We also offer e-statements.
Lobby: Monday – Thursday 9:00-4:00, Friday 9:00-5:00
Drive Up: Monday – Friday 8:00-5:00
Is Union Bank and Trust a credit union?
- No, we are a State Chartered community bank.
Do I have to belong to a Union?
- No, we are a community bank. However, we do offer specials for Union members.
Where can I lookup routing numbers for financial institutions?
- Use the ABA Routing Number Lookup tool.
COMMUNITY LINKS
Here is a list of local community organizations for more information.
Bricklayers & Allied Craftworkers, Local Union 1, MN & ND
Cement Masons, OPCMIA Local 633
Construction and General Laborers, LiUNA Local 563
District Council 82 – Painters and Allied Trades
Electrical Workers, IBEW Local 292
Elevator Constructors Local #9
International Union of Operating Engineers, Local 49
Laborers District Council of MN & ND
Minnesota Building Trades Council
North Central States Regional Council of Carpenters
Office & Professional Employees International Union, Local 12
PROTECT YOURSELF
We have great information that can help you protect yourself from identity theft and other fraud.
Concerned about fraud? According to 2013 AFP Payments & Fraud Control study, 61% of companies experienced attempted or actual payments fraud. The typical loss due to payment fraud was $20,300. Union Bank & Trust is committed to offering convenient management solutions to our customers. We offer services to ensure that your account is protected against unauthorized presentments
For Checks – Our positive Pay service will match each item presented for payment against a list of items with date, amount and check number provided by you. You will receive notification of items that do not match any of the criteria so you can make an informed pay-no pay decision.
For electronic presentments – ACH ALERT triggers a notification when an ACH debit is received for payment against your account enabling you to detect fraudulent entries immediately and return them instantly. You can also populate an “approved list” for authorized vendors so future debits do not trigger a notification.
- Read your credit reports. You have a right to a free credit report every 12 months from each of the three nationwide credit reporting companies. Order all three reports at once, or order one report every four months. To order, go to annualcreditreport.com or call 1-877-322-8228.
- Read your bank, credit card, and account statements, and the explanation of medical benefits from your health plan. If a statement has mistakes or doesn’t come on time, contact the business.
- Shred all documents that show personal, financial, and medical information before you throw them away.
- Don’t respond to email, text, and phone messages that ask for personal information. Legitimate companies don’t ask for information this way. Delete the messages.
- Create passwords that mix letters, numbers, and special characters. Don’t use the same password for more than one account.
- If you shop or bank online, use websites that protect your financial information with encryption. An encrypted site has “https” at the beginning of the web address; “s” is for secure.
- If you use a public wireless network, don’t send information to any website that isn’t fully encrypted.
- Use anti-virus and anti-spyware software, and a firewall on your computer.
- Set your computer’s operating system, web browser, and security system to update automatically.
Identity theft is a serious crime. It can disrupt your finances, credit history, and reputation, and take time, money, and patience to resolve. Identity theft happens when someone steals your personal information and uses it without your permission.
Identity thieves might:
- go through trash cans and dumpsters, stealing bills and documents that have sensitive information.
- work for businesses, medical offices, or government agencies, and steal personal information on the job.
- misuse the name of a legitimate business, and call or send emails that trick you into revealing personal information.
- pretend to offer a job, a loan, or an apartment, and ask you to send personal information to “qualify.”
- steal your wallet, purse, backpack, or mail, and remove your credit cards, driver’s license, passport, health insurance card, and other items that show personal information.
1. Flag Your Credit Reports
Experian 1‑888‑397‑3742
TransUnion 1‑800‑680‑7289
2. Order Your Credit Reports
3. Create an Identity Theft Report
- file a complaint with the FTC at ftc.gov/complaint or 1-877-438-4338; TTY: 1-866-653-4261. Your completed complaint is called an FTC Affidavit.
- take your FTC Affidavit to your local police, or to the police where the theft occurred, and file a police report. Get a copy of the police report.
The two documents comprise an Identity Theft Report.
Create strong passwords
One option is take a sentence that represents something in your life and turn it into a password:
My anniversary is on September 12 (Maio0912 or MaioS12 or Ma!oS12)
This would satisfy an alpha-numeric, and/or special character required password, at the same time creating a strong password that would be easily remembered by only you
- Do not use security questions with answers available on social-networking sites (Facebook)-for example, the name of your high school, the name of your dog.
- Delete any/all unknown emails- do not open an email if you don’t know who it is coming from
- Avoid using unsecured wireless (Wi-Fi) for any online activity that requires a password including online banking.
- Ensure that you have an anti-virus software installed on your computer with scheduled updates and scans
- Do not have passwords stored within close proximity of your computer
- Change passwords frequently and do not share your password
- mistakes on your bank, credit card, or other account statements
- mistakes on the explanation of medical benefits from your health plan
- your regular bills and account statements don’t arrive on time
- bills or collection notices for products or services you never received
- calls from debt collectors about debts that don’t belong to you
- a notice from the IRS that someone used your Social Security number
- mail, email, or calls about accounts or jobs in your minor child’s name
- unwarranted collection notices on your credit report
- businesses turn down your checks
- you are turned down unexpectedly for a loan or job
CALCULATORS
All calculators are made available as self-help tools for your independent use with results based on information provided by the user.All examples are hypothetical and are for illustrative purposes only. Calculated results are believed to be accurate but results are not guaranteed. Loan calculators are not intended to provide financial advice. We can not and do not guarantee their applicability or accuracy in regards to your individual circumstances. Users are advised to seek personalized advice from qualified professionals regarding all personal finance issues.
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Interest rate | % | |
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Additional principal | each month | |
Additional principal | each | |
Additional principal | in | |
Monthly Payments | ||
Payoff time | ||
Payoff date |
Month and Year | Payment | Principal Paid | Interest Paid | Total Interest | Balance |
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Misc. income |
Monthly expenses of
leaves you with
available for savings.
Monthly net income is
after taking
in deductions.
Current age | Years | |
Household income | ||
Rate of return before retirement | % | |
Percent of income to contribute | % | |
Years of retirement income | Years | |
Expected rate of inflation | % | |
Age of retirement | Years | |
Current retirement savings | ||
Rate of return during retirement | % | |
Expected salary increase | % | |
Percent of income at retirement | % | |
Your plan provides you with $652,455 when you retire.
This retirement savings may run out at age 73.
This assumes annual retirement expenses of $94,808 which is 90% of your last year’s income of $105,342.
Your current age.
Age you wish to retire. This calculator assumes that the year you retire, you do not make any contributions to your retirement savings. So if you retire at age 65, your last contribution happened when you were actually age 64. This calculator also assumes that you make your entire contribution at the end of each year.
Your total household income. If you are married, this should include your spouse’s income.
Total amount that you currently have saved toward your retirement. Include all sources of retirement savings such as 401(k)s, IRAs and Annuities.
This is the annual rate of return you expect from your investments after taxes. The actual rate of return is largely dependent on the type of investments you select. For example, from December 1999 to December 2009, the average annual compounded rate of return for the S&P 500 was -0.6%, including reinvestment of dividends. From January 1970 to December 2009, the average annual compounded rate of return for the S&P 500, including reinvestment of dividends, was approximately 10.1% (source: www.standardandpoors.com). Since 1970, the highest 12-month return was 61% (June 1982 through June 1983). The lowest 12-month return was -43% (March 2008 to March 2009). Savings accounts at a bank may pay as little as 1% or less but carry significantly lower risk of loss of principal balances.
It is important to remember that these scenarios are hypothetical and that future rates of return can’t be predicted with certainty and that investments that pay higher rates of return are generally subject to higher risk and volatility. The actual rate of return on investments can vary widely over time, especially for long-term investments. This includes the potential loss of principal on your investment. It is not possible to invest directly in an index and the compounded rate of return noted above does not reflect sales charges and other fees that funds and/or investment companies may charge.
This is the annual rate of return you expect from your investments during retirement, after taxes. It is often lower than the return earned before retirement due to more conservative investment choices to help insure a steady flow of income. The actual rate of return is largely dependent on the type of investments you select. For example, from December 1999 to December 2009, the average annual compounded rate of return for the S&P 500 was -0.6%, including reinvestment of dividends. From January 1970 to December 2009, the average annual compounded rate of return for the S&P 500, including reinvestment of dividends, was approximately 10.1% (source: www.standardandpoors.com). Since 1970, the highest 12-month return was 61% (June 1982 through June 1983). The lowest 12-month return was -43% (March 2008 to March 2009). Savings accounts at a bank may pay as little as 1% or less but carry significantly lower risk of loss of principal balances.
It is important to remember that these scenarios are hypothetical and that future rates of return can’t be predicted with certainty and that investments that pay higher rates of return are generally subject to higher risk and volatility. The actual rate of return on investments can vary widely over time, especially for long-term investments. This includes the potential loss of principal on your investment. It is not possible to invest directly in an index and the compounded rate of return noted above does not reflect sales charges and other fees that funds and/or investment companies may charge.
The percentage of your annual income you will save for your retirement goals. This should reflect the total you save toward your retirement. This should include any 403(b), 401(k), or 457(b) plans and your employer contributions to these plans. It should also include any other retirement accounts such as an IRA or a Roth IRA and any retirement savings in non-retirement accounts. This calculator assumes that you make one annual contributions at the end of each year, and any withdrawals happen once per year at the end of the year.
Annual percent increase you expect in your household income.
Total number of years you expect to use your retirement income.
The percent of your working year’s household income you think you will need to have in retirement. This amount is based on your income earned during the last year you will work. You can change this amount to be as low as 50% and as high as 150%.
What you expect for the average long-term inflation rate. A common measure of inflation in the U.S. is the Consumer Price Index (CPI), which has a long-term average of 3.1% annually, from 1925 through 2009. The CPI for 2009 was -1.0%, as reported by the Minneapolis Federal Reserve.
Check this box if you are married. Married couples have a higher maximum social security benefit than single wage earners.
Check this box if you wish to include social security benefits in your retirement planning. Social Security is based on a sliding scale depending on your income, how long you work and at what age you retire. Social Security benefits automatically increases each year based on increases in the Consumer Price Index. Including a spouse increases your Social Security benefits by 1.5 times your individual estimated benefit. Please note that this calculator assumes that you have only one working spouse. Benefits could be different if your spouse worked and earned a benefit higher than one half of your benefit. If you are a married couple, and both spouses work, you may need to run the calculation twice – once for each spouse and their respective income. This calculator provides only an estimate of your benefits.
The calculations use the 2010 FICA income limit of $106,800 with an annual maximum Social Security benefit of $27,876 per year for a single person and 1.5 times this amount for a married couple. To receive the maximum benefit would require earning the maximum FICA salary for nearly your entire career. You would also need to begin receiving benefits at your full retirement age of 66 or 67 (depending on your birthdate). Your actual benefit may be lower or higher depending on your work history and the complete compensation rules used by Social Security.
Loan Payment Calculator Help
This is a basic loan calculator. Thinking of getting a loan to buy that $25,000 boat? Enter the loan amount, interest rate, and term of the loan into this calculator and it will show you the monthly payment amount, the total interest you will pay, and the total amount you will pay over the length of the loan so you can see the actual cost of that "$25,000" boat. You can even enter any additional payment amount you intend to pay each month to work down your principal and the calculator will show you the anticipated payoff time. You can also display and/or print the amortization schedule for your loan.![]() |
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Input Fields: |
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Title | A title for these calculator results that will help you identify it if you have printed out several versions of the calculator. | |
Lender | The name of your potential lender. This field is not required but may help if you have printed out several loan scenarios. | |
Loan Amount | The amount you plan to borrow. | |
Interest Rate | The annual percentage rate you will pay for this loan. | |
Length of Loan | How long you will pay on this loan. Also choose whether 'Length of Loan' is years or months. | |
Additional Principal | The additional amount you will pay each month (over the required 'Monthly Payment' amount) to pay down the principal on your loan. | |
Output Fields: |
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Monthly Payment | Principal + Interest + Additional Principal (where applicable) to be paid each month. | |
Total Interest | Total amount of interest you will pay over 'Length of Loan'. | |
Total Paid | Total amount of principal + interest you will pay over 'Length of Loan'. | |
Payoff Time | Amount of time until the loan is paid off. | |
Number of Payments | The number of payments you will make to pay off the loan. | |
Annual Cost | The amount of money you will pay each year for this loan. | |
Buttons and Checkboxes: |
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Brings up this Help window. | |
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Clear (Use your browser's 'Refresh' or 'Reset' to restore default values.) | |
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All calculators are made available as self-help tools for your independent use with results based on information provided by the user. All examples are hypothetical and are for illustrative purposes only. Calculated results are believed to be accurate but results are not guaranteed. Loan calculators are not intended to provide financial advice. We can not and do not guarantee their applicability or accuracy in regards to your individual circumstances. Users are advised to seek personalized advice from qualified professionals regarding all personal finance issues. | ||
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