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This institution is no longer active

Operations ceased on September 10, 1998. CRA examination history below reflects the period it was active.

BANK OF UNION

MONROE, NC · Supervised by FDIC

Est. 1985FDIC #26,400RSSD: FDIC-26400
Part ofFIRST CHARTER CORP→ View all charters
Satisfactory Same

Current rating · Exam: February 1997

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At a Glance

Community Lending (CRA)

Satisfactory

Meets federal requirements for community lending

Financial Health

Adequate

ROA 1.98%

Institution Profile

FDIC BankFind

Address

201 North Charlotte Avenue, MONROE, NC

County

Union County

Established

October 14, 1985

Total Assets

$207M(latest call report)

Community Reinvestment Rating

CRA / FFIEC

Federal regulators examine banks to ensure they lend and invest in the communities they serve, especially low- and moderate-income areas.

Overall Rating

Satisfactory

Meets federal requirements for community lending

Exam Date

February 1, 1997

Exam Type

Small Bank

Regulator

FDIC
What is a CRA rating? →
⚠️This exam is 29 years old — CRA data may not reflect current lending practices. Regulators typically re-examine banks every 2–4 years.
Estimated next exam:Overdue(based on asset size)

Financial Snapshot

As of Q2 1998Call Report / FDIC

Total Assets

$207M

Total Deposits

$172M

Net Loans

$145M

Net Income

$2M

ROA

1.98%

ROE

22.63%

Risk-Based Capital

12.92%

Regulatory minimum: 8%

Total Assets — Last 8 Quarters

Total AssetsROA

Rating History

CRA / FFIEC

Rating Trend

→ Stable

Based on last 3 exams

2 previous ratings locked — dating back to 1992

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Rating Over Time

🔒 Locked
OutstandingSatisfactoryNeeds to ImproveSubst. Noncompliance

Exam dates and details are paywalled

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