Archive for the Alerts & Announcements Category

LOOKOUT FOR FRAUDULENT CHARGES AFFECTING YOUR CREDIT OR DEBIT CARD STATEMENTS

The Better Business Bureau issued a warning to consumers about a new scam that could affect your credit or debit card statement.  $9.84 charges have been recently appearing on consumers’ statements that were not authorized by the consumer.  The scammers likely hope that the small dollar amount will go unnoticed by many.  Your best protection is to review your statements timely and immediately contact the… Continue Reading LOOKOUT FOR FRAUDULENT CHARGES AFFECTING YOUR CREDIT OR DEBIT CARD STATEMENTS

UNIVERSITY BANK IS THE TOP RATED MICHIGAN BANK

For Immediate Release UNIVERSITY BANK IS THE TOP RATED MICHIGAN BANK ACCORDING TO THE IDC RATING AGENCY Ann Arbor, Michigan, September 18, 2013, — University Bancorp’s (OTCQB: UNIB) wholly owned subsidiary University Bank announced that it had received a perfect score of 300* out of a possible total score of 300 points from IDC Financial Publishing, Inc. (IDC) based on the June 30, 2013 Call… Continue Reading UNIVERSITY BANK IS THE TOP RATED MICHIGAN BANK

Scam Targets Corporations; LARA alerts Michigan businesses of scheme collecting $125 fee to prepare annual minutes

Contact: Mario Morrow 517-373-9280 Agency: Licensing and Regulatory Affairs February 22, 2013 – Michigan Department of Licensing and Regulatory Affairs (LARA) Director Steve Arwood today warns Michigan corporations of a non-governmental entity called “Corporate Records Service” trying to collect a $125 fee to prepare corporate meeting minutes. The misleading compliance solicitation implies that Michigan requires corporations and limited liability companies to complete an Annual Minutes… Continue Reading Scam Targets Corporations; LARA alerts Michigan businesses of scheme collecting $125 fee to prepare annual minutes

Internet Banking Planned Outage

Please be advised that there will be an outage to University Bank’s Internet Banking service on Monday, the 23rd of September, at 2:00 a.m. EST.  The outage is for routine maintenance and is expected to last approximately 3 hours. We apologize for any inconveniences.

Fee Increase

Effective 9/1/2013 the fees for inactive and dormant accounts will increase as follows: Inactive fee $1.00 per month after 12 months of inactivity dormant fee $2.00 per month after 24 months of inactivity

FDIC insurance coverage of transaction accounts

01.24.2011 – All funds in a “noninterest-bearing transaction account” are insured in full by the Federal Deposit Insurance Corporation from December 31, 2010 through December 31, 2012. This temporary unlimited coverage is in addition to, and separate from, the coverage of at least $250,000 available to depositors under the FDIC’s general deposit insurance rules. The term “noninterest-bearing transaction account” includes a traditional checking account or… Continue Reading FDIC insurance coverage of transaction accounts

Account Insurance Coverage Information

12.25.2012 – To help understand your 2013 account insurance coverage needs, please visit EDIE (https://www.fdic.gov/edie/index.html) for additional information.

AAIC on The Lucy Ann Lance Show

West Washtenaw Business Association:  What Businesses Needs to Know About Insurance – Paul Larned, WWBA Board; Kristine Reed, Ann Arbor Insurance Centre – When is the last time you did a risk analysis for your business?  Learn about your professional liabilities, your exposure to risk, and how you can protect your business.  Ann Arbor Insurance Centre was started in 1980 and was recently purchased by University Bank… Continue Reading AAIC on The Lucy Ann Lance Show

University Bank’s Wire Services

Effective February 1, 2013, the fees for University Bank’s Wire Services will increase as follows: Incoming International Wire Transfers: $35.00, Outgoing International Wire Transfers: $50.00, Domestic Incoming Wire Transfer $15, Domestic Outgoing Wire Transfer $25.00

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