MUFG Union Bank, National Association

400 California Street
San Francisco, CA 94104

Phone: 800 238 4486

 

2019 Overview

General Bank Information

FDIC Insured Yes
FDIC Certificate # 22826
Date Established 1979
Assets $130.78 billion
Loans $85.23 billion
Deposits $92.19 billion
Capital $15.46 billion

MUFG Union Bank, National Association is an FDIC insured institution located in San Francisco, CA. It was founded in 1979 and has approximately $130.78 billion in assets. Customers can open an account at one of its 391 branches.

For a more detailed analysis of MUFG Union Bank, National Association's financial condition and a description of what these numbers mean, please visit the Financial Details section.

Bank Loan Profile?

The top three loan types in MUFG Union Bank, National Association’s loan portfolio are 1-4 Family Residential Loans, Commercial and Industrial Loans, and Commercial Real Estate.

Compared to other banks in California, MUFG Union Bank, National Association has a significantly higher percent of 1-4 Family Residential Loans, Credit Card Loans on its balance sheet, potentially indicating a specialty in that lending area.

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 47.83
Multifamily
Mortgages
6.90
Credit Card Loans 0.39
Consumer Auto Loans 0.00
Small Business Loans 0.71
Construction and Development Loans 1.87
Commercial Real Estate 11.73
Commercial and Industrial Loans 18.45
Farm Loans 0.31

Deposit Rates - June 18, 2019

Your Current Location: Virginia, VA 20146

Savings and Money Market Rates APY MIN MAX
Money Market
0.05% $2,500 $24,999 Learn MoreShow Less
Money Market
0.08% $25,000 $49,999 Learn MoreShow Less
CD Rates APY MIN MAX
3 Mo CD
0.05% $10,000 $24,999 Learn MoreShow Less
6 Mo CD
0.05% $10,000 $24,999 Learn MoreShow Less
12 Mo CD
0.15% $10,000 $24,999 Learn MoreShow Less
Special: 15 Mo CD
1.25% $10,000 $24,999 Learn MoreShow Less
0.15% $10,000 $24,999 Learn MoreShow Less
24 Mo CD
0.20% $10,000 $24,999 Learn MoreShow Less
30 Mo CD
0.20% $10,000 $24,999 Learn MoreShow Less
36 Mo CD
0.35% $10,000 $24,999 Learn MoreShow Less
48 Mo CD
0.40% $10,000 $24,999 Learn MoreShow Less
60 Mo CD
0.50% $10,000 $24,999 Learn MoreShow Less
Special: 60 Mo CD
1.50% $50,000 $99,999 Learn MoreShow Less

Fixed IRA Rates APY MIN MAX
Fixed IRA
0.15% $350 $9,999 Learn MoreShow Less
Variable IRA Rates APY MIN MAX
Var IRA
1.68% $500 - Learn MoreShow Less
Int Checking Rates APY MIN MAX
0.01% $1 $2,499 Learn MoreShow Less
0.05% $2,500 $24,999 Learn MoreShow Less

Online Only Savings Rates of Purepoint MUFG Union

Online Savings Rates APY MIN MAX

Online Only CD Rates of Purepoint MUFG Union

Online CD Rates APY MIN MAX
6 Month CD
2.20% $10,000 - Learn MoreShow Less
1-Year CD
2.75% $10,000 - Learn MoreShow Less
13 Month No Penalty CD
2.50% $10,000 - Learn MoreShow Less
18 MO CD
2.70% $10,000 - Learn MoreShow Less
24 Mo CD 1K
2.80% $10,000 - Learn MoreShow Less
36 Mo CD 1K
3.00% $10,000 - Learn MoreShow Less
Checking Rates APY MIN FEE
BANKING BY DESIGN ® 0.00% $250 $5.00 Learn MoreShow Less

Bank Online Offers

Purepoint Raises 1-year CD rate to 2.80%
Dec 7, 2018

Purepoint has raised their one-year CD rate to 2.80% from 2.60% today.   The rate requires a minimum deposit of $10,000, and is still below the best online one-year CDs.   Purepoint's one-year CDs have a 181-day early withdrawal penalty which is higher than that on one-year CDs from Barclays Bank Delaware, Ally Bank, Live Oak and others. 


Purepoint MUFG Union Raises Online Savings Rate to 2.35%
Jan 4, 2019

Purepoint has raised its online savings rate to 2.35%.   BestCashCow has received reports that customers of Union Bank in California are being offered bumps on this of 10 to 15 bps.


Purepoint Lowers 1-Year CD rate
May 30, 2019

Purepoint has lowed its one-year CD rate to 2.75%.   This continues a trend that we are seeing of declining premiums in all CD categories.    



Loan Rates - June 18, 2019

Your Current Location: Virginia, VA 20146

Refinance Mortgage Rates APR Rate Monthly Payment
Purchase Mortgage Rates APR Rate Monthly Payment
Auto Loan Rates APR Rate Monthly Payment
5 Year 5.30% 5.30% $475.22

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

MUFG Union Bank, National Association 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:
Ashburn,Virginia


MUFG Union Bank, National Association Locations


Financial Details

MUFG Union Bank, National Association Ratio Analysis

The following ratios and data are available to help you better understand the financial condition of MUFG Union Bank, National Association. 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
MUFG Union Bank, National Association U.S. Bank Average
2.93% 6.97%

The Texas Ratio compares the bank’s non performing assets (non-performing loans and real estate owned) with its the bank’s 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 December 31, 2018, MUFG Union Bank, National Association had $464,469,000 in non-current loans and $1,395,000 in owned real estate. To cover these potential losses it had $15,455,747,000 in equity and $450,108,000 in loans loss reserves. That gives it a Texas Ratio of 2.93%.

Return on Equity
MUFG Union Bank, National Association U.S. Bank Average
6.14% 8.80%

MUFG Union Bank, National Association has a Return on Equity of 6.14% versus the BestCashCow average of 8.80%. 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
MUFG Union Bank, National Association U.S. Bank Average
11.82% 12.29%

MUFG Union Bank, National Association has a Capitalization of 11.82% versus the BestCashCow average of 12.29. 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.

MUFG Union Bank, National Association Balance Sheet Analysis

As of December 31, 2018, MUFG Union Bank, National Association had assets of $130,782,945,000, loans of $85,234,124,000, and deposits of $92,191,117,000. 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

December 31, 2018
ASSETS
Cash & Balances due from depository institutions $8.21 billion
Interest-bearing balances $6.31 billion
Total securities $26.94 billion
Federal funds sold and reverse repurchase $0.00 billion
Net loans and leases $85.23 billion
Loan loss allowance $0.45 billion
Trading account assets $0.61 billion
Bank premises and fixed assets $0.00 billion
Other real estate owned $0.00 billion
Goodwill and other intangibles $3.56 billion
All other assets $5.62 billion
     Total Assets $115.33 billion
LIABILITIES
Total deposits $92.19 billion
      Interest-bearing deposits $59.66 billion
      Deposits held in domestic offices $92.19 billion
      % insured (estimated) 50.35%
Federal funds purchased and repurchase agreements $0.00 billion
Trading liabilities $0.37 billion
Other borrowed funds $20.92 billion
Subordinated debt $0.00 billion
All other liabilities $1.85 billion
      Total Liabilities $115.33 billion
      Shareholders’ Equity $15.46 billion

Summary Income Statement

December 31, 2018
INCOME AND EXPENSES
Total Interest Income $4.01 billion
Total Interest Expense $0.83 billion
Net interest income $3.19 billion
Provision for loan and lease losses $0.10 billion
Total non interest income $2.02 billion
Total non interest expense $3.88 billion
Pre-tax Net Operating Income $1.23 billion

Frequently Asked Questions About Mufg Union Bank, National Association

Branches and Savings

Is Mufg Union Bank, National Association FDIC insured?

Yes. It is covered under FDIC Certificate #22826.

Why does Mufg Union Bank, National Association pay such low interest on savings accounts?

See the best online savings rates here. See the best local savings rates here.

Why are Mufg Union Bank, National Association CD rates not competitive?

See the best online CD rates here. See the best local CD rates here.

Is Mufg Union Bank, National Association a commercial bank?

Yes

Where are Mufg Union Bank, National Association locations?

See branch locations nearby.

Is Mufg Union Bank, National Association open on Saturdays?

Is Mufg Union Bank, National Association open on Sundays?

What time does Mufg Union Bank, National Association open?

What time does Mufg Union Bank, National Association close?

Are Mufg Union Bank, National Association ATMs Open 24/7?

Do Mufg Union Bank, National Association ATMs accept cash deposits?

Can Mufg Union Bank, National Association customers use other ATMs?

Do Mufg Union Bank, National Association branches have notaries?

Will Mufg Union Bank, National Association notarize my document?

What address for Mufg Union Bank, National Association should I put for incoming ACH transfers?

Will the Mufg Union Bank, National Association branch print checks?

Do Mufg Union Bank, National Association checks expire?

Does Mufg Union Bank, National Association require US citizenship to open account?

Can Mufg Union Bank, National Association close my account?

Does Mufg Union Bank, National Association Report to credit bureaus?

Does Mufg Union Bank, National Association Use Equifax?

What is Mufg Union Bank, National Association's ACH Routing Number?

What is Mufg Union Bank, National Association's SWIFT code?

Products

Does Mufg Union Bank, National Association offer mortgages?

Compare mortgage rates here.

Does Mufg Union Bank, National Association offer home equity lines of credit and home equity loans?

Compare home equity lines of credit rates here.

Does Mufg Union Bank, National Association offer personal loans?

Compare personal loan rates here.

Does Mufg Union Bank, National Association offer student loans?

Will Mufg Union Bank, National Association cash a check?

Will Mufg Union Bank, National Association redeem a savings bond?

Does Mufg Union Bank, National Association cash savings bonds?

Will Mufg Union Bank, National Association cash money orders?

Can Mufg Union Bank, National Association issue a money order?

Does Mufg Union Bank, National Association do currency exchange?

Background on The Bank

Who owns Mufg Union Bank, National Association?

How long has Mufg Union Bank, National Association been around?

Can Mufg Union Bank, National Association transfer to other banks?

Does Mufg Union Bank, National Association have quick pay?

Does Mufg Union Bank, National Association accept rolled coins?

Will Mufg Union Bank, National Association accept loose change?

Where is Mufg Union Bank, National Association headquarters?

Customer Reviews for MUFG Union Bank, National Association


  • Seattle customers

    April 15, 2019 |

    CDs 12 Month Rates

    Great cd rate, that's what we wanted...who cares if they sales-pitch, trainees don't smile or their branches are poorly lit...we want returns that equal or beat inflation from a brick and mortar bank...that's all.

  • RobertR

    October 19, 2018 |

    CDs 18 Month Rates

    2.9 18 month mail advertisement sure soundeed good until you visit the branch and they try to get to to sign up for everything they sell. Plus further transactions have to be done inside the branch. I hate pushy car salesman or bank people of this nature!

  • disappointed

    August 22, 2018 |

    CDs 18 Month Rates

    Terrible!!! Opened a CD at their downtown Seattle location to take advantage of a promotion rate that came in the mail. They are only interested in up-selling products you don't need. Basic customer service really sucks. Their online banking is from the last decade and has a bunch of unnecessary transfer restrictions -- it forces a visit to the branch for even basic stuff. Tried closing my accounts and they again made me run around for no reason. Avoid Union Bank in Seattle for peace of mind.

Add Your Review

Rate it here →