Union Lending

We are proud of our long tradition of service to unions and public funds clients. ABOC takes pride in providing quality products and services to meet the financing needs of a variety of labor unions. With more than 100 years of experience serving labor unions’ diverse requirements, our Loan Officers can work with you to craft a solution that best fits your goals.

ABOC has been a mainstay of union lending for generations, and we understand the local business environment. We offer the competitive rates and limited fees you expect from a premier lender combined with the exceptional service, flexibility and rapid processing you can only find with a community bank. We can help you navigate the nuances of the local business and regulatory climate to ensure a smooth and speedy loan process

Union Real Estate Loans*

We offer mortgage loans for the purchase, rehabilitation, or construction of Union properties, secured by the property. Choose between a variable-rate or fixed-rate loan with an initial term of up to five years. Our mortgage experts can help determine the optimal loan terms based on your loan size, repayment timeline and union’s needs.

Acquisition/Refinance Loans

Whether you are looking to acquire a new property or to obtain more favorable terms on a property you already own, ABOC can work with you to craft the mortgage that meets your needs. Options include mortgages for owner-occupied properties or income-producing real estate (such as apartment buildings or retail centers).

  • Select the amortization that best meets your needs, with an initial fixed-rate term 
  • Variable rates are also available

Construction Loans

We offer flexible lending options for your Union construction project.

  • Because these loans are secured by the property, pricing can be very competitive
  • Rates are generally variable, with periodic adjustments based on fluctuations in the variable index

Property Renovation Loans

If you are undertaking a rehabilitation project for an existing property, consider an ABOC property renovation loan. As with our other Union real estate programs, our property renovation loans can be tailored to cater to your unique needs.

Union Loans*

Whether you are considering investing in a major initiative or simply looking to improve cash flow, Amalgamated Bank of Chicago offers a range of customized financing options.

Equipment Loans

Considering a major investment in equipment? An ABOC equipment loan may be right for you to finance your plans.

  • Fixed monthly installment payments 
  • Fixed rate over the life of the loan
  • Competitive, flexible pricing

Letters of Credit

ABOC also provides Letters of Credit as needed to meet your business’s needs.

Working Capital Lines of Credit

Use your assets and equity to increase your union’s flexibility. Establish a line of credit and treat it as a funding source to manage your union’s biggest challenges.


Loan Officers

ABOC's Loan Officers NMLS and Registry Identification Numbers
Loan Officer NameIdentification NumberOfficer Location
David H. Dierlam 657832 Main Branch
30 North LaSalle
Chicago, Illinois 60602
Paul E. Mueller, Jr. 657839 Main Branch
30 North LaSalle
Chicago, Illinois 60602
William O. Kerth 445918 Main Branch
30 North LaSalle
Chicago, Illinois 60602
Sherry E. Dvorak 657836 Warrenville Branch
28600 Bella Vista Parkway
Warrenville, Illinois 60555

Business Credit Cards

ABOC has been supporting the business community for more than a century, and understands the importance of credit to keep your operations running smoothly. We offer a variety of corporate cards to meet your specific needs.

We have three great options for small businesses:

  • ABOC Business Rewards – Designed to give small businesses an easy way to manage their everyday expenses. Rewards accrue at 1 point per dollar on net purchases, and can be redeemed for a variety of merchandise or travel – including airline tickets on any airline (with no blackout dates)! Reduce your interest expenses with a 0% introductory Annual Percentage Rate (APR) on purchases and balance transfers for the first six billing cycles* (17.24%-27.24% variable APR, thereafter).** See Important Disclosures.
  • ABOC Business Cash Rewards – Prefer to redeem your rewards in cash? You’ll get 1% cash back on your statement for all of your net purchases. This card also features a 0% introductory APR on purchases and balance transfers for the first six billing cycles* (19.24%-29.24% variable APR, thereafter).** See Important Disclosures.
  • ABOC Small Business Edition – For businesses looking for a no-frills card with a competitive APR, this card features a 16.24%-26.24% variable APR that takes effect when the introductory 0% six-month purchase and balance transfer APR expires.** See Important Disclosures.

However, we haven’t forgotten the needs of larger businesses, non-profit organizations and municipalities:

  • ABOC Company Rewards Charge Card – Cardmembers are required to pay their balance in full every month, but they also earn 1 point per dollar on net purchases! Points can be redeemed for merchandise, travel and more. Comprehensive reporting and consolidated statements make it easy to track and manage business spending at the employee level.** See Important Disclosures.

All of our business credit card programs offer additional employee cards at no cost, fraud monitoring and $0 liability for unauthorized purchases, and 24/7 personal customer service. Apply today!

*Subject to credit approval and underwriting guidelines.

**See applications' Important Disclosures for current rates, fees and terms. This card is issued by TCM Bank.

Call Us
Visit Us
Email Us
Follow Us

Expand toolbar

Next Section

Back to Top

Internet Explorer 11 is outdated. For improved security and optimized performance we highly recommend upgrading your browser. ChromeFirefoxEdge