Highlands Union Bank is headquartered in Abingdon and is the 34th largest bank in the state of Virginia. It is also the 1,140th largest bank in the nation. It was established in 1985 and as of March of 2016, it had grown to 214 employees at 14 locations. Highlands Union Bank has a B health rating.
My family has banked at this bank for years. I personally have both a savings and a checking/atm debit account with them. I have visited several different branches over the years. The service is always very friendly and welcoming. Once starting college, I found two aspects that I thought could improve. The online banking system offered by this bank seems to be a little out dated. I move money in and out of my account very quickly. I do not enjoy having to go to the website, log in 3 times to see, that my account does not show the transactions I have made within the past 24-48 hours, possibly longer over the weekend. I just feel the online banking website should be updated more regularly and that it should be more convenient way of accessing it. The other negative, was that this bank only has 14 locations so just make sure your financial business is done before traveling.
I have had accounts with HUB for several years. In the past I have had trouble with their ATM machines running out of money. After several complaints this matter has not been an issue in a while,however I have been trying to log into my account for 4 hrs this morning and the account is unavailable. I understand that sometimes accounts have to be updated and may not be accessible but this is another reoccurring theme with this bank. Although I don't want the pain of switching banks it might be time to start looking.
|FDIC Certificate #||26191|
|Return on Assets - YTD||0.34%|
|Return on Equity - YTD||3.89%|
|Annual Interest Income||$5.9MM|
|Assets and Liabilities|
|Assets||Q1 2016vs Q1 2015||$618.4MM$611.0MM|
|Loans||Q1 2016vs Q1 2015||$422.3MM$403.8MM|
|Deposits||Q1 2016vs Q1 2015||$494.0MM$489.1MM|
|Equity Capital||Q1 2016vs Q1 2015||$55.4MM$52.8MM|
|Loan Loss Allowance||Q1 2016vs Q1 2015||$5.8MM$5.3MM|
|Unbacked Noncurrent Loans||Q1 2016vs Q1 2015||$9.5MM$9.1MM|
|Real Estate Owned||Q1 2016vs Q1 2015||$5.3MM$9.1MM|
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