University Bancorp Inc. (UNIB)

Overview

University Bancorp, Inc. is a banking institution established in 1890, with its headquarters located in Ann Arbor, Michigan, United States. It functions primarily as the bank holding company for University Bank, offering a wide range of banking services tailored for individuals, businesses, and community entities. The bank focuses on delivering personalized financial solutions to meet the diverse needs of its customers, emphasizing convenience, reliability, and comprehensive financial management tools.

Products and Services

• Banking Accounts: The company provides a variety of banking accounts including checking, NOW, savings, money market, time deposit, and certificates of deposit accounts. These offerings cater to both individual saving preferences and business liquidity management, designed to offer flexibility and competitive interest rates.
• Consumer Loans: A broad selection of consumer loans is available, ranging from home equity, short term, automobile, personal, to recreational vehicle loans, in addition to home equity lines of credit. These consumer lending products are structured to meet various personal financing needs, offering competitive rates and flexible repayment terms.
• Business Loans: For businesses, the company offers SBA loans, commercial real estate financing, equipment financing, home improvement loans, and other installment loans. There are also non-profit loans and working capital lines of credit, which are crucial for operational liquidity and capital investment for business growth.
• Foreign Currency Exchange: The bank provides foreign currency exchange services, facilitating international trade and travel for its customers by offering competitive exchange rates and seamless transactions.
• Reverse Mortgage: This service is tailored for older homeowners, allowing them to convert part of their home equity into cash while retaining their home ownership, providing a financial tool for retirement planning.
• Online Banking and Bill Pay: University Bancorp has integrated technology into its banking services, offering online banking and bill pay functionality to ensure customers can manage their finances conveniently and securely from anywhere.
• Credit Card and ATM Services: The provision of credit cards and access to ATM services complements the bank’s suite of products, offering spending flexibility and easy access to funds for its customers.
• Insurance Products: Beyond traditional banking, University Bancorp delivers a range of insurance products, including life, health, property, and casualty insurance, helping customers to safeguard against unforeseen events.
• Investment Products: The bank also offers investment products like annuities, catering to the long-term saving and investment needs of its clientele, aiming to ensure their financial well-being and growth over time.