Union Savings Bank is a bank based in Freeport, Illinois, established in 1883, with $183 million in total assets across 4 branches. By Trust Grade it ranks 296th of 328 banks we track in Illinois. Its capital ratio of 7.7% trails most similarly sized banks (12th percentile), versus a Illinois median of 10.3%. It was profitable over the most recent period, with a 0.39% return on assets. No consumer complaints against Union Savings Bank appear in the CFPB database over our analysis window — common for an institution of this size and a point in its favor.
How Union Savings Bank compares to Illinois peers
How we graded Union Savings Bank
The Trust Grade blends financial strength with complaint history. Full methodology →
- Well-capitalized (7.7% capital ratio)
- Profitable (ROA 0.39%)
- No CFPB complaints on record
Consumer complaints (CFPB)
No CFPB complaints are on file for Union Savings Bank over the analysis window. For a smaller institution this is common and counts in its favor.
Branch locations (4)
- 1320 N State St, Belvidere, IL 61008
- 715 W South St, Freeport, IL 61032
- 223 W Stephenson St, Freeport, IL 61032
- 1 W Hitt St, Mount Morris, IL 61054
Are deposits at Union Savings Bank insured?
Yes. Union Savings Bank is an FDIC-insured bank (FDIC certificate #29121). Deposits are federally insured up to $250,000per depositor, per ownership category — regardless of this institution's Trust Grade. The grade reflects financial strength and complaint history for comparison, not the safety of insured deposits.
Union Savings Bank: frequently asked questions
Is Union Savings Bank a good bank?
Union Savings Bank earns a Bankzia Trust Grade of B (85/100, "Strong"), based on a financial-strength score of 85/100 (it has no CFPB complaints on record). Well-capitalized (7.7% capital ratio); Profitable (ROA 0.39%).
Is Union Savings Bank FDIC-insured?
Yes. Union Savings Bank is a FDIC-insured bank (FDIC certificate #29121). Deposits are protected up to the standard FDIC limit of $250,000 per depositor, per ownership category.
How big is Union Savings Bank?
Union Savings Bank holds $183 million in total assets, ranking 296th of 328 banks we track in Illinois. It operates 4 branches.
Does Union Savings Bank have CFPB complaints?
No CFPB complaints against Union Savings Bank appear in our data over the analysis window, which is typical for a bank of this size.
Similar Banks
Financial data from FDIC call reports; complaint data from the CFPB Consumer Complaint Database. Bankzia is an independent resource and is not affiliated with any government agency or financial institution. Figures are for general information, not financial advice.
