First ULB Corp.
Company Information

First ULB Corp. Company Profile

Union dues likely wind up at First ULB Corp. The holding company owns United Labor Bank, a small, eight-branch bank that caters to labor unions and their members, although it is open to the general public. United Labor Bank has seven branches in California and one in Seattle. It offers business deposit accounts such as NOW, demand, money market, and passbook accounts; Internet banking; and merchant services such as credit card transaction processing. Almost all of its loan portfolio consists of mortgages for multi-family, single-family, and commercial properties. First ULB Corp. filed an IPO in October 2011 but withdrew it in mid-2012.