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News & Announcements

2018 Scholarship Recipients Announced

Union Bank is proud to announce the recipients of the 2018 scholarship program. This is the 19th consecutive year the bank has awarded scholarships. Recipients were selected based on several criteria including academics, extra-curricular activities,

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UFC Investor Relations

Union Bank was originally formed in 1934 as the “union” of Farmers & Merchants Bank and Lake Odessa State Savings Bank after the Great Depression. Staying true to the roots of both banks, Union has served the needs of farmers, local businesses and savers and continues to do so today. Union Bank branched out in the early 1980s and today serves Mulliken, Dimondale, Pewamo, Westphalia, Hastings and Ada in addition to a Loan & Operations Center and branch office in Lake Odessa.

Union Financial Corporation (UFC) was formed in 1988 as the holding company for Union Bank. UFC is privately held and traded and owns 100% of Union Bank.

Over the years, many local families have invested in Union Bank by purchasing shares in UFC. Through the decades, this ownership has been passed down to their children and other local families. As a privately held company, ownership remains in the communities we serve and it is the intention of the Board of Directors to maintain that local ownership and independence.

From time to time, limited shares of UFC stock become available for purchase and we would like our customers and supporters to have the opportunity to hold ownership in the bank. The bank was previously limited by regulation on the number of shareholders who could invest. The JOBS Act passed in early 2012 now allows us to add new shareholders and we invite you to support your community through ownership in YOUR community bank. Contact Us to let us know you are interested.

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Our Leadership

Lloyd Cunningham, Chairman
Elected 1996, Co–Owner, Specialty Industries Inc.

Tim Brodbeck
Elected 2013, Farmer and Co-Owner Woodbury Grain, LLC

Cortney Collison
Elected 2007, President & Chief Executive Officer, Union Bank

Suzanne Dahms
Elected 1999, Executive Vice President, Union Bank

Christopher Fluke, CPA
Elected 2007, Partner, Walker, Fluke & Sheldon, PLC

Steve Millman
Elected 2018, President and Owner, NorthStar Commercial

Paul Trierweiler
Elected 2006, Farmer
 

UFC Quarterly Reports      UFC Annual Reports

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December 2016                                        2015
March 2017                                               2016
June 2017                                                 2017
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March 2018
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September 2018