UNION FEDERAL SAVINGS AND LOAN ASSOCIATION - SINCE 1890 - where People are important
 
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We are Excited to Announce:

Union Federal Savings and Loan

is Merging With

First Federal Savings and Loan

The Boards of Directors from Union Federal Savings and Loan and First Federal Savings and Loan of Kewanee are excited to announce that the two have entered into a formal agreement to merge.  The agreement was signed by both Associations on July 22, 2015 with the merger anticipated to be effective in the first quarter of 2016.  The name of the merged institution will be Union Federal Savings and Loan Association.  Under the terms of the agreement, all depositors, borrowers, and voting members of First Federal will become depositors, borrowers, and voting members of Union Federal.  Both institutions are mutual Savings and Loans, so there will be no change in the organization of the Association.  

Craig Gustafson of Union Federal, and Tom Miler of First Federal, stated the merger will benefit both institutions by combining their strengths and broadening their market area while retaining a mutual charter.  Both management teams have started working on the details of the merger, and are communicating with regulators and data processors to determine a final merger date.  The merger will create greater efficiencies, and allow for enhanced product offerings and better customer service.   

Both Boards of Directors are excited about the opportunities this merger will provide for the members, customers, and communities of both institutions.  The merger is subject to the approval from the Office of the Comptroller of the Currency.

Since 1890, Union Federal has been dedicated to serving our communities by providing the best products and services possible.  Similarly, First Federal has been serving customers in their local areas since 1882.  This merger is an excellent opportunity to combine two strong community financial institutions that share a common mission and great commitment to customers and local communities.  This merger will allow us to better serve you with enhanced product offerings and customer service.

If you have any questions, please feel free to contact us at your local Union Federal office.  You are a valued customer, and we look forward to serving you for many years to come.

 

Welcome to MyUnionFederal.com

 

Here at Union Federal we strive to live up to our motto - "Where People are Important". We focus on providing more than a place to invest your money or obtain a loan. We want to become your savings and lending headquarters for all of your financial needs. We are committed to providing customers with excellent financial products along with exceptional service.

Union Federal is a mutually owned savings and loan association with its corporate office in Kewanee, Illinois. We have branch offices located in western Illinois and Wisconsin. Please visit our Locations page for detailed information on our office locations.

The Association has a multitude of deposit products available to complement most investment strategies. We have checking, savings, certificate, HSA, and retirement accounts. Please visit the Products and Services area for more information.

Union Federal specializes in mortgage lending and has since 1890. Many businesses offer mortgage products, but few have the experience and expertise that Union Federal has to offer. With over 115 years of experience, Union Federal understands mortgage lending and what it takes to provide quality service for a loan. The Loan Products page offers an overview of our lending products.