Welcome to Union National Bank of Elgin
Maximize cash flow through creative financing, save money with competitive financing terms, and save time with stability in account relationship and market expertise – Union National Bank can simplify your business banking.
The Federal Deposit Insurance Corporation (FDIC) is an independent agency of the United States government that protects the funds depositors place in banks and savings associations. FDIC insurance is backed by the full faith and credit of the United States government. Since the FDIC was established in 1933, no depositor has ever lost a single penny of FDIC-insured funds.
FDIC insurance covers all deposit accounts, including checking and savings accounts, money market deposit accounts and certificates of deposit.
The standard insurance amount is $250,000 per depositor, for each account ownership category.
The FDIC provides separate coverage for deposits held in different account ownership categories. Depositors may qualify for more coverage if they have funds in different ownership and all FDIC requirements are met. (For details on the requirements, go to www.fdic.gov/deposit/deposits.)
We are a full-service bank dedicated to the Chicagoland business community. Click here to learn about the products we offer.