Bank · FDIC insured
Union Savings Bank
A $182M bank headquartered in Freeport, IL, with 4 branches in Illinois. Best rates: CDs 4.01% APY.
Rates
No Carrot Score yet: it needs scores for at least two of CDs, savings, auto loans and credit cards. CDs: not enough terms or balances published to score. Savings: carrot has not captured enough rates to score this yet. Auto loans: no rates found on its website. Credit cards: no rates found on its website.
- CDs—4.01%CD rates →
Deposits are federally insured by the FDIC up to $250,000 per depositor.
About Union Savings Bank
Established in 1883, Union Savings Bank is an independent, full-service community bank serving the Northern Illinois area.
Originally organized as Union Loan and Building Association in Freeport, Illinois, the institution eventually changed its name to Union Savings Bank.
The bank operates four offices located in Northern Illinois.
- Headquarters
- 223 W Stephenson St, Freeport, IL 61032
- FDIC certificate
- 29121 ↗
Branches
4 branches in Illinois
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Illinois
4 branches
Freeport area · 2
- Union Savings BankMain office223 W Stephenson St, Freeport, IL 61032Directions
- 715 W South St Branch715 W South St, Freeport, IL 61032Directions
Belvidere area · 1
- 1320 North State Street Branch1320 N State St, Belvidere, IL 61008Directions
Mount Morris area · 1
- Mount Morris Branch1 W Hitt St, Mount Morris, IL 61054Directions
Walk-in offices from the FDIC directory as of September 4, 2026. Directions open Google Maps. A nearby branch doesn’t mean you can join or open an account.
Financial details
| Measure | This bank | Peers’ middle | Strongest quarter |
|---|---|---|---|
| CapitalLeverage ratio | 9.52% | 10.98% | 13.00% or more |
| Troubled loansNoncurrent | 0.27% | 0.42% | 0.09% or less |
| ProfitabilityReturn on assets | 0.31% | 1.24% | 1.68% or more |
| LendingLoans per $100 deposited | $70 | $81 | — |
- CapitalLeverage ratio9.52%Peers’ middle 10.98% · Top 25% 13.00%+
- Troubled loansNoncurrent0.27%Peers’ middle 0.42% · Top 25% ≤0.09%
- ProfitabilityReturn on assets0.31%Peers’ middle 1.24% · Top 25% 1.68%+
- LendingLoans per $100 deposited$70Peers’ middle $81
Compared with the 2,650 banks with $100 million to $1 billion in assets. The strongest quarter is what the best 25% of them reach: more capital and profit, fewer troubled loans. Lending has no better end.Troubled loans are noncurrent: 90 or more days late, or no longer earning interest.
Regulators’ own ratings of Union Savings Bank are confidential. These figures are what it reports to the FDIC each quarter, set beside its peers; they aren’t a rating.