Union Bank and Trust Company

Union Bank & Trust (UBT) is 100% union-owned and union-controlled, with a 12-member Board of Directors made up of active and retired labor leaders. For 50 years, we’ve delivered best-in-class banking and trust services with the personal touch of a community bank, and a mission that has never changed: serve working people, protect their benefits, and support the communities they build. We are a Minnesota-based, state-chartered, FDIC-insured bank and trust company, providing banking and trust services locally and nationally in a safe and sound manner, and in compliance with all banking regulations and laws. We are committed to providing a safe place for employees to work, giving back to the communities we serve, and delivering a fair return on our stockholders’ investment. UBT combines the capabilities of a major financial organization with the responsiveness and service you expect from a community bank. Our experienced, highly credentialed staff delivers customized, client-first solutions for labor organizations, benefit plans, working families, and the businesses and associations that support them. Our Trust Division was established in 1982 to serve as custodian for Taft-Hartley benefit plans—pension, health & welfare, and vacation funds—and we also act as trustee for personal accounts. Today, our Trust Department safeguards over $12 billion in assets nationwide, with a strong emphasis on safety and security for the funds and families who rely on them. Everything we do is guided by our core values: All In: personally invested in our work through dedication, passion, and responsibility; committed to supporting the labor movement through our actions and initiatives. Solidarity: standing with labor unions to support workers’ rights, fair wages, and safe working conditions; embracing diversity, equity, and inclusion. Legacy: building from a strong foundation, fostering growth in people, clients, and communities, and continuing to be a strong labor partner.