Union Savings Bank


8805 Governors Hill Dr
Cincinnati, OH 45249
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Notable Rates APY Vs.Others
Savings N.A. 4.35% →
1-Year CD N.A. 5.00% →
2-Year CD N.A. 4.75% →
5-Year CD N.A. 4.55% →
30-Year Mortgage 6.04% 0.00% →
15-Year Mortgage 5.31% 0.00% →
HELOC N.A. 0.99% →

2023 Overview

General Bank Information

Union Savings Bank is an FDIC insured institution located in Cincinnati, OH. It was founded in 1904 and has approximately $3.23 billion in assets. Customers can open an account at one of its 30 branches.

FDIC Insured Yes
FDIC Certificate # 32296
Date Established 1904
Assets $ 3.23 billion
Loans $ 2.25 billion
Deposits $ 2.81 billion
Capital $ 372.52 million

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

Deposit Rates - February 4, 2023

Your Current Location: Virginia, VA 20146


Loan Rates - February 4, 2023

Your Current Location: Virginia, VA 20146

Refinance Mortgage Rates APR Rate Monthly Payment
Purchase Mortgage Rates APR Rate Monthly Payment

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.


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Climate Initiatives

Union Savings Bank is encouraged to provide us with this information. When we receive this information from the bank, we will provide it here.

Financial Details

Union Savings Bank Ratio Analysis

The following ratios and data are available to help you better understand the financial condition of Union Savings Bank. 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
Union Savings Bank U.S. Bank Average
2.12% 4.06%

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 June 30, 2022, Union Savings Bank had $8,555,000 in non-current loans and $0 in owned real estate. To cover these potential losses it had $372,516,000 in equity and $30,500,000 in loans loss reserves. That gives it a Texas Ratio of 2.12%.

Return on Equity
Union Savings Bank U.S. Bank Average
14.47% 9.98%

Union Savings Bank has a Return on Equity of 14.47% versus the BestCashCow average of 9.98%. 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.

Union Savings Bank U.S. Bank Average
11.52% 10.23%

Union Savings Bank has a Capitalization of 11.52% versus the BestCashCow average of 10.23. 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.

Union Savings Bank Balance Sheet Analysis

As of June 30, 2022, Union Savings Bank had assets of $3,234,934,000, loans of $2,252,426,000, and deposits of $2,811,696,000. 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

June 30, 2022
Cash & Balances due from depository institutions $ 707.06 million
Interest-bearing balances $ 699.52 million
Total securities $ 7.22 million
Federal funds sold and reverse repurchase $ 9.74 million
Net loans and leases $ 2.25 billion
Loan loss allowance $ 30.50 million
Trading account assets N.A.
Bank premises and fixed assets N.A.
Other real estate owned N.A.
Goodwill and other intangibles $ 87.51 million
All other assets $ 117.28 million
     Total Assets $ 2.86 billion
Total deposits $ 2.81 billion
      Interest-bearing deposits $ 2.57 billion
      Deposits held in domestic offices $ 2.81 billion
      % insured (estimated) 86.48%
Federal funds purchased and repurchase agreements N.A.
Trading liabilities N.A.
Other borrowed funds N.A.
Subordinated debt N.A.
All other liabilities $ 50.72 million
      Total Liabilities $ 2.86 billion
      Shareholders’ Equity $ 372.52 million

Summary Income Statement

June 30, 2022
Total Interest Income $ 46.02 million
Total Interest Expense $ 7.12 million
Net interest income $ 38.90 million
Provision for loan and lease losses N.A.
Total non interest income $ 21.97 million
Total non interest expense $ 33.79 million
Pre-tax Net Operating Income $ 27.09 million

Bank Loan Profile?

The top three loan types in Union Savings Bank’s loan portfolio are 1-4 Family Residential Loans, Commercial Real Estate, and Construction and Development Loans.

Compared to other banks in Ohio, Union Savings Bank has a significantly higher percent of 1-4 Family Residential 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.

Comparison to Other Banks
 Low   Med   High 
1-4 Family Residential Loans 79.19
Credit Card Loans 0.00
Consumer Auto Loans 0.00
Small Business Loans 2.32
Construction and Development Loans 7.15
Commercial Real Estate 8.97
Commercial and Industrial Loans 0.53
Farm Loans 0.00

Customer Reviews for Union Savings Bank

  • March 21, 2020 |

    Well here comes good old Union Savings the absolute worst bank to deal with in the world again today. We have no money coming in right now so we did not send in the mortgage payment yet because our family may need the money for food. So here comes a NASTY LETTER saying and I quote WE MAY REPORT INFORMATION ABOUT YOUR ACCOUNT TO CREDIT BUREAUS..LATE PAYMENTS.MISSED PAYMENTS OR OTHER DEFAULTS ON YOUR ACCOUNT MAY BE REFLECTED IN YOUR CREDIT REPORT IF PAYMENT IS 30 DAYS PAST DUE how NICE. May I ask how many people out there that are not working right now if you had to choose to make a payment or feed your family what would you do? This is not the first time we have been treated like dogs by this UNION SAVINGS my husband lost his job after being at a small company for 16years that went out of business 2 years ago when we went to this AWFUL NASTY BANK and tried to refinance we received NO HELP AT ALL OF COURSE THEY WERE SENDING LETTERS SAYING THEY WERE GOING TO TAKE OUR HOME ETC. PLEASE DO YOURSELF A FAVOR DON'T EVER, EVER USE THIS BANK FOR ANYTHING THEY DON'T GIVE A DAMN ABOUT THEIR CUSTOMERS AND WOULD NEVER HELP YOU IN A TIME OF NEED PERIOD. THIS IS MY HEART FELT OPION SHAME ON THEM!!!!

  • February 8, 2019 |

    CDs 6 Month Rates

    I went to the Union Savings Bank branch this morning, they won't honor the 2.50% APY for 6 Month CD as posted her in the BestCashCow website. I was told that Union Savings doesn't post their rate online and doesn't match online rate from any back or online back.

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