Union Federal opened in 2001 as a community bank in North Providence, Rhode Island. We had one simple goal—to help our customers make the most of their money. We offered an array of personal banking products that fit customers' needs, whether they wanted to save money or borrow it. Every customer also enjoyed personal attention.
In November 2006, Union Federal was acquired by The First Marblehead Corporation, a leader in solutions for education finance.
We've kept our focus simple. By design we offer only a few carefully selected products. We still provide personal service for each customer. And our goal is still to help you make the most of your money—so you can use it to make the most of your life.