Mena is a vacation and retirement paradise.  This paradise is situated within the mountains, valleys, thick forests and fertile plains within the borders of the United States.  A paradise that can be found in Polk County, Arkansas.   A paradise that is the hometown of Union Bank of Mena.

Union Bank of Mena was established in 1934 by a group of local businessmen who had a deep commitment to the people of Polk County.  The Union Bank of Mena has full-service bank branches in Mena, Wickes and Hatfield Arkansas.

Union Bank of Mena is chartered as a Federal Reserve Non-member.  The bank has been FDIC insured since July 26, 1934.  The primary regulator is the Federal Deposit Insurance Corporation (FDIC).  The bank had total assets of $153,894,000 at the end of September 2008.  Through that time period the bank had $2,406,000 in net income.  At the same period the banks non current loans were a low 0.60% of total loans and leases.  The banks tier 1 risk-based capital ratio was 13.30% and the total risk-based capital ratio was 14.55% at the end of September 2008.  This figures places the bank in paradise as being above well capitalized.

Whether a customer wants to save for a vacation, college or retirement, Union Bank has a savings or investment account that can help.  The bank offers money market accounts, savings accounts, certificates of deposit and Individual Retirement Accounts.

The certificates of deposit are purchased for a specific amount, term and rate.  The term on these certificates of deposit available range from 31 days to 60 months.  The interest rate is determined by the term.  CD interest can be added to the value of the certificate, credited to a checking or savings account or paid by check.

3 month CD rate is .50% APY
6 month CD interest rate is 1.26% APY
One year CD has an interest rate of 1.56% APY
18 month CD rate is 1.86% APY
Two year CD also earns an interest rate of 1.86% APY
Three year CD has an interest rate of 1.91% APY
Four year CD also has a rate of 1.91% APY
Five year CD interest rate is 2.27% APY

CD interest rates subject to change at any time prior to account opening.  For the latest bank CD rates, the bank can be contacted at 800-511-0786.  Bank rates and additional information is available on the bank website located at www.unionbankofmena.com.

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