Effectively integrating all aspects of your financial picture—from retirement goals to philanthropic wishes—into your estate planning process isn’t always easy. This is especially true when you have accounts and investments at multiple financial institutions, as well as real estate and other assets. Wealth management is an integral part of successful estate planning, helping you locate and catalog your assets while maintaining and growing your wealth—so you can secure your legacy and provide for your family’s future. While estate planning can be especially useful if you expect to pass on a siz ..read more

Welcome to Union Bank’s exciting journey into the world of investments! We’re delighted to bring our Northern Vermont and New Hampshire communities a simple, yet powerful way to grow your money. Through our UB2Go digital banking platform, we’re introducing an easy-to-use digital investment app. You can start investing with as little as $10, joining the ranks of savvy investors right from your phone or computer. To kick things off, we’re sharing a series of blog posts to help you understand why investing is so important. Begin Your Investment Journey: Simple Steps with Big Impacts Think of inve ..read more

When the Northeastern Vermont Regional Hospital emergency room opened 50 years ago, it was serving about ten patients per day. Over the past five decades health care needs have changed, and the ER now serves an average of 38 patients each day, with some days seeing up to 50 to 60 patients. This dramatic increase in patient visits has caused an enormous strain on the facility and presented daily challenges for its dedicated staff. NVRH determined that the situation was untenable and needed to be addressed. As such, plans were developed to expand capacity and overhaul the ER. A new laboratory an ..read more

Cold weather and snow can damage not only the structure of your home but also wreak havoc on your utility bills. In order to avoid high energy costs and expensive repairs, homeowners should take steps to winterize their homes each year. Whether you are new to Vermont and New Hampshire, or a first time homeowner, you may wonder what is needed to winterize your home. At Union Bank, our team recommends creating a yearly Winterizing Your Home Checklist. The following tips will help you make a winterizing checklist that covers your house from the roof to the basement. When Should You Winterize Your ..read more

At Union Bank, we think making investing accessible to everyone, regardless of your background or experience. That’s why we’re excited to launch our next generation investment management app! This easy-to-use app makes managing your investments simple, approachable and enjoyable. In fact, you can start investing with as little as 10 dollars and it only takes about 4 minutes to get set up, right from your phone, tablet, laptop or PC.  This exciting new tool is available to all Union Bank customers who are enrolled in online or mobile banking with checking or savings accounts. Investing is ..read more

As home values have increased in VT and NH in the last few years, you may have more equity in your home than you think. That equity can be borrowed against with a Home Equity Line of Credit (HELOC), or a Home Equity Loan to fund home improvements and renovations. Keep reading to learn about the differences between these two types of home financing, what they are best used for, and what to consider before applying. Differences between a HELOC vs Home Equity Loan A HELOC, or home equity line of credit, is a type of loan that allows homeowners to borrow against the equity they have built in their ..read more

Working capital is the lifeblood of any business, but it can be challenging for small business owners and entrepreneurs to get conventional financing. SBA loans were created to fill that gap. Contrary to popular belief, SBA loans aren’t just for start-ups or businesses that get turned down for conventional loans. SBA loans offer a variety of benefits, such as more flexible lending terms, and they can be a gateway to obtaining conventional financing in the future. In this article, we’ll explain everything you need to know about SBA loans and how to apply for one. Small Business Loan Application ..read more

With many pandemic-related food relief programs ending—including increased SNAP benefits and free school lunches—as well as rising inflation and food costs, the risk of food insecurity for residents across our region is ever-growing. Across  Vermont and New Hampshire, 1 in 11 and 1 in 14 people currently face food insecurity, respectively, with numbers expected to climb even farther in the coming months. Food insecurity, defined by the Department of Health and Human Services as the “household-level economic and social condition of limited or uncertain access to adequate food,” isn’t just ..read more

Union Bank is dedicated to constantly improving our products and services, and offering customers the latest technology. From Mobile Banking and Online Banking, to secure P2P Payments and Advanced Fraud Protection and Security, we strive to keep our customers, and their assets, safe, while conveniently accessible online. We’re excited to announce our latest technological offering—online account opening. No need to come into a branch—apply and select many types of accounts, quickly and easily, from your phone or computer! Curious about how it works? Wondering what you need to do to get started ..read more

Have you been feeling the pinch of inflation at the grocery store, gas pump, or while shopping for the holidays? Simply put, inflation means that too much money is chasing a limited supply of goods and services. For example, supply chain issues around computer chips, wiring harnesses and other components resulted in 7.7 million fewer vehicles being produced in 2021. Consumer demand means more people are trying to purchase fewer vehicles resulting in the prices increasing (or inflating). While a modest amount of annual inflation is good because it means the economy is growing, too much too fast ..read more