Business Details
50 Years
experience
Your Trusted Partner for Union-Owned Banking and Trust Services
Union Bank & Trust was founded in 1976 by 24 construction and trade unions, establishing itself as one of the only union-owned financial institutions in the United States. As a state-chartered, FDIC-insured bank, we combine the capabilities of major financial organizations with the personalized service of a community-focused institution. Our Trust Division, established in 1982, specializes in custodial services for Taft-Hartley pension funds and personal accounts, safeguarding over $12 billion in assets. We prioritize safety, security, and compliance while serving union organizations, corporations, and individuals nationwide.With nearly 50 years of experience, our team delivers tailored banking and trust solutions rooted in a deep understanding of labor unions' financial needs. Our mission emphasizes redefining community banking through forward-thinking services and a commitment to fostering economic well-being for working families. We operate under core values of personal investment, solidarity, and legacy-building, maintaining a strong reputation for reliability and expertise in union-focused finance.
Services
Trust & Custody Services
Commercial Banking
Commercial Lending
Retirement Accounts
Treasury Management
Details
- Year established: 1976
Highlights and features
- We specialize in union-focused financial services with 48 years of dedicated expertise.
- Our FDIC-insured institution safeguards over $12 billion in client assets.
- We combine institutional capabilities with personalized, community-oriented service.
- Our team has deep experience in Taft-Hartley pension fund custodianship.
- We maintain a proven track record of supporting labor organizations nationwide.
Associations and certifications
- FDIC
Services
Trust & Custody Services
We provide specialized custodial services for Taft-Hartley pension funds, health and welfare accounts, and personal trusts. Our team safeguards over $12 billion in assets while ensuring compliance with regulatory standards. These services cater to unions, corporations, and individuals seeking secure long-term financial solutions.
Commercial Banking
Our commercial banking solutions include checking accounts, treasury management, and remote deposit services designed to streamline business operations. We help companies improve cash flow efficiency and payment processing through tailored financial tools and expert guidance.
Commercial Lending
We offer lending solutions to support business growth and expansion. Our commercial loans provide capital for operational needs, equipment purchases, and strategic investments, backed by personalized service from experienced banking professionals.
Retirement Accounts
Our retirement account options help individuals and organizations prepare for long-term financial security. We provide custodial services and investment management solutions for various retirement plans, ensuring compliance with evolving regulations and tax laws.
Treasury Management
We deliver treasury management services that optimize payment collection and distribution processes. These solutions enhance cash flow visibility and operational efficiency for businesses through advanced financial technology and expert advisory support.
Questions
What services does Union Bank & Trust offer?
We provide trust and custody services, commercial banking, retirement accounts, treasury management, and commercial lending solutions tailored to unions, businesses, and individuals.
Are you exclusively focused on union-related financial services?
While we maintain strong roots in union-focused finance, we serve a diverse client base including corporations and individuals nationwide.
How long has Union Bank & Trust been in operation?
We've served clients since 1976, providing nearly 50 years of experience in union-owned banking and trust services.
What distinguishes Union Bank & Trust from other financial institutions?
We uniquely combine institutional capabilities with personalized service, maintaining specialized expertise in Taft-Hartley pension fund custodianship and union-related financial solutions.
Is my money safe at Union Bank & Trust?
Yes, we're FDIC-insured and maintain rigorous compliance with banking regulations to ensure the security of all client assets.
Do you offer online banking services?
Yes, we provide digital banking solutions for both personal and commercial clients to manage accounts conveniently and securely.
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