- Personal Banking
- Business Banking
- Union Advantage
- Trust Services*
The Amalgamated Clothing Workers Union formed Amalgamated Bank of Chicago in 1922 to meet the banking and financial needs of organized labor. Today, we are proud to continue this tradition of union support with our Union Advantage program - a wide array of deposit and credit services designed exclusively for union members.
Union Advantage was created to help union members whose full financial needs could not be met by credit unions and who preferred not to pay the sometimes costly rates exacted by finance companies. With a full range of banking products and services - including auto loans and an Amalgamated Union Bank Card with remarkably competitive rates - Union Advantage gives union members the financial support they need without hassles and high prices.
Union Advantage is convenient. Members can open checking and savings accounts quickly and easily by mail. They can make withdrawals from thousands of ATM locations around the country. Our direct deposit program automatically deposits member paychecks in their accounts on the morning of each payday.
Dating back to the 1920's, Amalgamated Bank saw the need for affordable auto loans specially designed for those on a budget and started a tradition - that continues to this day - of offering affordable loans for new and used cars. Our competitive rate loans, coupled with the rebates offered by many car manufacturers, can put you in the driver's seat with substantial savings.
With AmalgaCredit, you get overdraft protection when you need it and a personal line of credit when you want it. Once your credit line is approved, you may write checks in excess of your account balance up to your available AmalgaCredit line limit. We automatically transfer money to your checking account up to your available AmalgaCredit line limit to cover the overdraft. You can also use AmalgaCredit as a line of credit to borrow money. You can activate your line by writing a check which overdraws your checking account or by calling one of our Retail Banking Representatives at 312-822-8522.
Amalgamated Bank's Union Advantage program gives union members the banking services they need and deserve. Take advantage of Union Advantage and earn more on your savings and pay less to borrow money. For current rates and additional information, call our Union Banking Center at 312-822-8373.