MUFG Union Bank, National Association
Our records indicate that this bank has been acquired by U.S. Bank National Association.
Headquarters
350 California St
San Francisco, CA 94104
See all branch locations →
ACH 12200049
Phone 800 238 4486
2024 Overview
General Bank Information
MUFG Union Bank, National Association is an FDIC insured institution located in San Francisco, CA. It was founded in 1979 and has approximately $99.96 billion in assets.
| FDIC Insured | Yes |
| FDIC Certificate | # 22826 |
| Date Established | 1979 |
| Assets | $ 104.45 billion |
| Loans | $ 51.65 billion |
| Deposits | $ 70.89 billion |
| Capital | $ 15.46 billion |
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.
Deposit Rates - April 26, 2024
Your Current Location: Ohio, OH 43085
Online Only CD Rates of Purepoint MUFG Union
| Online CD Rates | APY | MIN | MAX | |
|---|---|---|---|---|
| 6 Month CD
|
0.15% | $10,000 | - |
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|
| 1-Year CD
|
0.25% | $10,000 | - |
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|
| 18 MO CD
|
0.25% | $10,000 | - |
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|
| 24 Mo CD 1K
|
0.25% | $10,000 | - |
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|
| 36 Mo CD 1K
|
0.25% | $10,000 | - |
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|
| 48 Month CD
|
0.25% | $10,000 | - |
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|
| 60 Month CD
|
0.25% | $10,000 | - |
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|
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.
Purepoint Slashes CD Rates
Jun 28, 2019
Purepoint has slashed all of its CD rates by 50 basis points. The one-year CD has moved from 2.75% to 2.25% and the five-year has moved from 3.00% to 2.50% overnight. While Purepoint has instantly removed itself from competitiveness on the CD front, the 13-month no penalty CD remains a very attractive savings alternative at 2.50%.
Purepoint Cuts No Penalty CD to 2.00%
Jul 1, 2019
Purepoint's 13-Month No Penalty CD is a product that we recommended when it launched at 2.60% and continued to recommend at 2.50%. The rate has now been cut to 2.00% and depositors should now look to the higher No Penalty rates from Marcus and Ally first.
Purepoint Lowers Savings Rate from 2.35% to 2.15%
Jul 17, 2019
Purepoint Financial has lowered its savings rate by 20 basis points today. Its savings rate now stands at 2.15%. This move follows recent moves to lower all of its CD rates and its No Penalty CD rate.
Purepoint Lowers Savings Rate to 0.40% APY: CD rates even lower
Sep 26, 2020
Purepoint was the most competitive online bank when they entered the market two years ago with great savings, CD and No Penalty CD rates. Now the savings rate is 0.40% APY and CD rates are no higher than 0.25% APY. If you are still attacted to the No Penalty CD product, you can get 0.15% APY on a 11-month or 0.10% APY on a 13 or 14-month product.
Loan Rates - April 26, 2024
Your Current Location: Ohio, OH 43085
| Home Equity Rates | APR | Rate | Monthly Payment | |
|---|---|---|---|---|
| Line of Credit See Table |
6.74% | 6.74% | Varies | |
Compare with 7.49 RATE Line of Credit from Third Federal Savings and Loan
See All Home Equity Rates |
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| Refinance Mortgage Rates | APR | Rate | Monthly Payment | |
|---|---|---|---|---|
| 7 Year Adjustable Conforming See Amortization Table |
6.65% | 6.00% | $1,918.56 | |
| 10 Year Adjustable Conforming See Amortization Table |
6.75% | 6.00% | $1,918.56 | |
| 15 Year Fixed Conforming See Amortization Table |
6.64% | 5.88% | $2,678.78 | |
| 30 Year Fixed Conforming See Amortization Table |
7.57% | 7.13% | $2,155.90 |
| Purchase Mortgage Rates | APR | Rate | Monthly Payment | |
|---|---|---|---|---|
| 7 Year Adjustable Conforming See Amortization Table |
6.65% | 6.00% | $1,918.56 | |
| 10 Year Adjustable Conforming See Amortization Table |
6.75% | 6.00% | $1,918.56 | |
| 15 Year Fixed Conforming See Amortization Table |
6.64% | 5.88% | $2,678.78 | |
| 30 Year Fixed Conforming See Amortization Table |
7.57% | 7.13% | $2,155.90 | |
Compare with 6.944% APR and 6.750% 30-Year Fixed RATE from PenFed Credit Union
See All Mortgage Rates |
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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:
Columbus,Ohio
Climate Policy and Initiatives
MUFG Union Bank, National Association is encouraged to provide us with this information. When we receive this information from the bank, we will provide it here.
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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 |
|---|---|
| 3.08% | 3.96% |
The Texas Ratio compares the bank’s non performing assets (non-performing loans and real estate owned) with its 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, 2024, MUFG Union Bank, National Association had $502,532,000 in non-current loans and $160,000 in owned real estate. To cover these potential losses it had $15,461,481,000 in equity and $864,023,000 in loans loss reserves. That gives it a Texas Ratio of 3.08%.
Return on Equity
| MUFG Union Bank, National Association | U.S. Bank Average |
|---|---|
| -3.27% | 12.20% |
MUFG Union Bank, National Association has a Return on Equity of -3.27% versus the BestCashCow average of 12.20%. 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 |
|---|---|
| 14.8% | 10.76% |
MUFG Union Bank, National Association has a Capitalization of 14.8% versus the BestCashCow average of 10.76. 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 March 31, 2023, MUFG Union Bank, National Association had assets of $99,963,823,000, loans of $51,650,154,000, and deposits of $70,889,972,000. 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, 2024| ASSETS | |
|---|---|
| Cash & Balances due from depository institutions | $ 25.28 billion |
| Interest-bearing balances | $ 23.89 billion |
| Total securities | $ 5.87 billion |
| Federal funds sold and reverse repurchase | $ 6.00 billion |
| Net loans and leases | $ 51.65 billion |
| Loan loss allowance | $ 864.02 million |
| Trading account assets | $ 595.48 million |
| Bank premises and fixed assets | N.A. |
| Other real estate owned | $ 0.16 million |
| Goodwill and other intangibles | $ 5.02 billion |
| All other assets | $ 6.28 billion |
| Total Assets | $ 84.50 billion |
| LIABILITIES | |
|---|---|
| Total deposits | $ 70.89 billion |
| Interest-bearing deposits | $ 38.95 billion |
| Deposits held in domestic offices | $ 70.89 billion |
| % insured (estimated) | 49.37% |
| Federal funds purchased and repurchase agreements | N.A. |
| Trading liabilities | $ 699.43 million |
| Other borrowed funds | $ 13.95 billion |
| Subordinated debt | N.A. |
| All other liabilities | $ 1,909.67 million |
| Total Liabilities | $ 84.50 billion |
| Shareholders’ Equity | $ 19.94 billion |
Summary Income Statement
December 31, 2024| INCOME AND EXPENSES | |
|---|---|
| Total Interest Income | $ 1,123.38 million |
| Total Interest Expense | $ 205.42 million |
| Net interest income | $ 917.96 million |
| Provision for loan and lease losses | $ 41.51 million |
| Total non interest income | $ 122.09 million |
| Total non interest expense | $ 674.95 million |
| Pre-tax Net Operating Income | $ 417.18 million |
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, Commercial and Industrial 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 | 55.54 | ✓ | ||
| Multifamily Mortgages |
12.73 | ✓ | ||
| Credit Card Loans | 0.47 | ✓ | ||
| Consumer Auto Loans | 0.01 | ✓ | ||
| Small Business Loans | 0.87 | ✓ | ||
| Construction and Development Loans | 2.71 | ✓ | ||
| Commercial Real Estate | 16.85 | ✓ | ||
| Commercial and Industrial Loans | 37.50 | ✓ | ||
| Farm Loans | 1.04 | ✓ | ||
Customer Reviews for MUFG Union Bank, National Association
Seattle customers
April 15, 2019 |
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.
Is this review helpful? Yes:2 / No: 0
RobertR
October 19, 2018 |
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!
Is this review helpful? Yes:2 / No: 0
disappointed
August 22, 2018 |
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.
Is this review helpful? Yes:2 / No: 0
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