United Bank of Union

Graduates

Congratulations, Graduates! 

Welcome to a special resource crafted just for you by United Bank of Union.   

As you step into the next chapter of your lives, let United Bank of Union be your financial companion.

On this page, you’ll find everything you need to start managing your money effectively – detailed info about our products, a guide to our digital banking services, expert information on credit scores and fraud prevention, and more. Plus, don’t miss out on claiming your $100 graduation gift (see Your Gift section at the end of this page). Should you have any inquiries, feel free to contact us at (636)-583-2555.

Happy browsing! 

What UBU can offer you 

At United Bank of Union, we're here to provide the best resources for your life journey. We've curated a suite of accounts tailored to anchor your financial independence and growth.

College Checking: Made For You 

Open to individuals aged 18-25, our College Checking account can be conveniently set up either in person or online. 

Benefits include: 

  • $25 initial match with opening deposit* 
  • Interest-bearing 
  • No monthly fees 
  • No minimum balances 
  • Free Mobile and Internet Banking  

Requirements for Enrollment: 

  • $25 opening deposit 
  • Receive eDocuments 
  • Must be 18-25 years old 

Additional Perks: 

  • We offer up to $18 in foreign ATM fee refunds per statement cycle.
    • All you need is a minimum of 10 posted Debit Card transactions and at least one login to Online Banking each statement cycle. 
  • No more ATM fees thanks to MoneyPass, which offers over 32,000 fee-free ATMs nationwide.   

Begin your college life with a financial partner that truly cares. Choose United Bank of Union's College Checking and set the foundation for a bright and secure financial future. 

OPEN A CHECKING ACCOUNT

* Terms and conditions apply. 

Where can I start saving my paychecks?

Embark on your financial journey with confidence by opening a Personal Savings account. With an initial deposit as low as $25, you can effortlessly begin to grow your funds. Plus, make your savings work harder by establishing recurring transfers directly from your paychecks. 

 

Benefits include: 

  • Access to more than 32,000 fee-free ATMs nationwide
  • Earns interest
  • Free Mobile and Internet Banking
  • eDocuments Available

Requirements for Enrollment: 

  • 18 years or older
  • $25 opening deposit 
Start saving today and watch your funds grow!
 

OPEN A SAVINGS ACCOUNT

How can I earn more money?

Ready to step up your savings game after graduation? Let's dive into Certificates of Deposits (CDs) and see how they could be a smart move for your future finances.   

Understanding CDs

First things first, what exactly is a Certificate of Deposit? Imagine it as a special savings account that holds a promise: you agree not to touch your money for a certain period, and in return, your money grows thanks to interest. It’s like giving your money a job where its task is to earn more money for you! 

Why Choose a CD? 

  • Locked Rates - With a CD, the interest rate is fixed. That means no worrying about fluctuating rates affecting your savings. Your money grows at a steady pace. 
  • Flexible Terms - Whether it’s for 7 months or longer, you can select a term that matches your savings goal. Perfect for planning ahead! 
  • Safe and Secure - Every penny in your CD is FDIC insured up to the legal limit, ensuring your money is protected. 
  • Compound Interest - As long as you let your money sit for the agreed term, you'll see growth. No surprises, just savings. 

What Happens if You Need Your Money Early? 

We get it, life happens. If you need to access your money before the term ends, there's a penalty fee. Within the first six days, the fee is seven days' interest. After that, it's 4% of the amount you withdraw. This is why CDs are best for funds you won’t need immediately but want to grow securely. 

Getting Started with a CD at United Bank of Union 

Ready to put your savings to work with a CD? Here’s what you need to know: 

  • Just $500 gets you started. 
  • You'll earn competitive interest rates.
  • We offer a range of CD terms to fit your financial goals.
  • At maturity, your CD will have compounded interest. You can choose to renew and keep the savings momentum going or cash out. Either way, you've made a smart move towards your financial future. 

Interested?

View Current Interest Rates

 Open A CD

Entering the World of Online Banking 

At United Bank of Union, we understand that managing your finances for the first time can seem daunting. That's why we've designed our online tools to be both educational and user-friendly, specifically catering to financial novices like you.
 
Let's explore how these tools can empower you to manage your money smartly and confidently with your questions answered.
 

I've never really had to budget before. How do I get started?

Start with the Budget section in our Financial Tools. It's like a mirror reflecting where your money's going each month, breaking down expenses from burgers to textbooks. It'll also show you how your spending stacks up against your earnings. You can set up custom budgets to keep your financial goals on track – it's super user-friendly.

Can I manage all my financial accounts in one place?

Yep! Simply click Link Accounts in the Financial Tools section. It lets you pull in info from other bank accounts or financial services, so you can see everything from your part-time job paycheck to your savings and student loans. 

How can I make sure I don’t forget to pay my bills on time?

Check out our BillPay feature. It’s like having a personal assistant reminding you to pay your bills, so you're always on top of your financial obligations without the stress of remembering every due date.

Is there a simple way to manage all my streaming and online subscriptions?

Absolutely – meet CardSwap. It lets you link your UBU debit card to your favorite subscription services (think Netflix, Spotify, etc.) and manage them all in one spot. Plus, if your card ever gets lost or replaced, you can update your payment info for all subscriptions at once, avoiding any service interruptions.

What if I want to closely monitor my spending and account balances?

Enroll in Alerts. You can set up notifications for just about anything – from transaction updates to low balance warnings. It keeps you informed in real-time, adding a layer of security and helping you stay in tune with your financial status.

I hear a lot about credit scores. How can I learn more and track mine?

Dive into our SavvyMoney feature. It offers a clear view of your credit score, right from our homepage, and serves up insights and tips on how to improve it. 
 

Ready to Take Control?

With UBU's online tools, your journey to becoming financially savvy starts now. From budgeting basics to managing subscriptions and bills, these tools are here to help you master your money and hit those big financial goals, all from the convenience of your phone or computer.
 
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Understanding Your Credit Score

Your credit score is essentially your financial report card, giving potential lenders, landlords, and even some employers a glimpse into how reliably you manage money. Scores range from 300 to 850, and the higher your score, the better the perks you can enjoy, such as lower interest rates and more favorable renting terms.

Key Factors that Influence Your Credit Score

  • Payment History - On-time payments are crucial.
  • Credit Utilization - How much of your available credit you're using. Lower utilization usually favors your score.
  • Length of Credit History - Longer credit histories tend to boost scores.
  • Credit Mix - Having a variety of credit types (e.g., loans, credit cards) can be beneficial.
  • New Credit - The frequency of credit inquiries and new account openings can impact your score.

Resources for Improving Your Credit Score

For an in-depth understanding of credit scores and how to enhance yours, visit the Consumer Financial Protection Bureau (CFPB) website. It's packed with valuable information and tools to help you make informed financial decisions. Find more about managing and understanding your credit score here.

Monitor Your Score with SavvyMoney

At United Bank of Union, we offer the SavvyMoney tool through our Mobile and Online Banking, allowing you to check and track your credit score on the go. Simply login, scroll to the SavvyMoney option, and stay informed about your credit score anytime, anywhere.
 

Avoiding Scams: Financial Safety Tips

In the journey of managing your finances after high school, it's crucial to recognize and steer clear of potential fraud and scams. Wondering how to differentiate between what's legitimate and what's not? The American Bankers Association has rolled out BanksNeverAskThat.com, a treasure trove of resources designed to elevate your scam IQ. This interactive platform brims with quizzes, games, and enlightening videos that make learning about fraud prevention both engaging and informative.
 
To dive deeper and broaden your understanding, we highly recommend visiting UBU's Financial Security Tips page. This additional resource is packed with invaluable links leading you to reputable credit reporting agencies, guidance on cyber safety, and identity theft prevention tips to keep fraud at bay.
 
By arming yourself with the right knowledge, you can confidently navigate your financial journey while keeping your hard-earned money safe from scammers.
 
 

Your Gift

Congratulations on reaching a significant milestone - your high school graduation! 🎓 At UBU, we understand the value of hard work and the importance of setting the foundation for a successful future. That’s why we’re thrilled to offer recent high school graduates like you a special gift to celebrate your achievement.

How to claim your $100 gift:

  • Simply enter your name and your preferred method of contact via the link below. 
  • Drop by any UBU branch location at your convenience.
  • Only requirement needing to be met to become eligible is to bring your Graduation Card along with your High School Diploma when you visit.
Fill out the form
At UBU, we believe in rewarding your achievements and supporting your journey ahead. Fill out the form, step into any UBU branch, and let us help you transition into this new chapter of your life with a special gift from us to you. See you soon!

 

Want to open an account with UBU?

Apply online or visit one of our branch locations. 
 

Questions?

Call us at (636)-583-2555 to speak with a local team member. 
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