Union Savings Bank, Indianapolis Branch

Name:Union Savings Bank, Indianapolis Branch
Full Service Brick and Mortar Office
Review:13 client reviews
Location:5881 E. 82nd St
Indianapolis, IN 46250

Marion County
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Phone:317-843-1006
Branch Deposit:$95,153,000
FDIC Cert:#32296
Established:2004-04-30


The Bank

Name:Union Savings Bank
Concentration:Mortgage Lending Specialization
Established:1904-03-01
FDIC Insurance:1985-03-26
Charter Class:Savings associations, state or federal charter, supervised by the Office of Thrift Supervision (OTS)
# of Branches:35, view all, view on map
Website:www.unionsavings-bank.com
Total Assets:$3,480,903,000
Total Deposits:$3,037,073,000
Total Equity Capital:$354,621,000
Total Domestic Office Deposits:$3,037,073,000
Net Income:$137,132,000
Quarterly Net Income:$50,778,000
Return on Assets:4%
Quarterly Return on Assets:6%
Return on Equity:40%
Quarterly Return on Equity:58%
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Client Review

13 client reviews of Union Savings Bank scored 3 out of 5.

Still in shock
Overall Rating
Interest Rate and Cost
Office Environment & Staff
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Other Services
by IndyResident, Aug. 01, 2012

I recently found a house we liked and applied for a mortgage.  My wife and I have great credit and we were approved.  The appraisal valued the house for more than our offer and we had plenty of money for a down payment.  I also kept contact with the bank almost every day to find out if there were any problems.  There never were.

We were packed, had the kids enrolled in school and had utilities lined up to be connected.  Here comes the good part.  I got an email (yes an EMAIL!) 24 hours before the closing saying the loan was denied due to the property condition and they wouldn't discuss it.

Naturally they won't give me back my money for the appraisal, inspection or anything I have into it.  I also lost 1k earnest money on the house.  Needless to say I wouldn't recommend them.

* this reviewer has be with this bank for <6 months
* this reviewer had 3 - 5 banks before.
* this review was made on Union Savings Bank, Indianapolis Branch at Indianapolis, IN
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