Unity Bank

Unity Bank

Type	Public
Industry	Banking, credit services, financial services
Founded	1841
Headquarters	Rucesion, Temuair
Area served	Worldwide
Products	Consumer banking, corporate banking, finance and insurance, investment banking, mortgage loans, private banking, private equity, wealth management, credit cards
Revenue	2.2 billion
Subsidiaries	Unity Real Estate

Unity Bank is a Aisling multinational banking and financial services corporation. It is headquartered in Rucesion, and maintains offices and branches throughout the nation, and the world. It is the oldest financial institution in the nation, and was the first private owned, publicly traded financial institution in the nation. In addition, the corporation's subsidiary, Unity Reality, established in 1932, is one of the largest real estate loan firms, offering consumer real estate products comprising fixed and adjustable-rate first-lien mortgage loans for home purchase and refinancing needs, home equity lines of credit, and home equity loans.

In 2012, Unity Bank held over 27.9% of all bank deposits in the nation, and operated over 3,400 branch offices and 17.250 automatic teller machines across the nation. In 2014, it launched its online banking application for several smart phone operating systems, allowing customers instantaneous access to their checking, savings and credit accounts, as well as allowing for mobile deposits, bill pay, and other features.

Credit Services

In 1955, Unity Bank began relationships with several major major retailers in Temuair and abroad to offer private label credit cards and has since become the largest provider of private label cards in the nation. Retailers partnered with Unity Bank include:

• Avalon
• Mosoco
• Caviler
• Cuithbeart Aguiar
• Escuro
• Petroga Petroleum Products
• a home goods/grocery retailer>

Unity Bank also offers financing through retailers for services such as home and auto repair, including services with Aisling Motor Corporation and Huadai.

Starting in 1996, Unity Bank began offer dual label credit cards, combining the logo and backing of major creditors such as MirCard. with their existing private label portfolios, allowing the cards to be used any merchant accepting that card brand while also earning reweds for the branded merchant. These cards include Petroga Petroleum Products, <a fool and grocery retailer>, <internet stuff>

ConstantCare

In addition, Unity Bank provides sources of credit for healthcare procedures or services such as dental, veterinary, cosmetic, vision, and audiology. These lines of credit are offered to costumers to allow for financing to pay for medical procedures or equipment such as glasses, contact lenses or hearing aids.

Controversy

In March of 1997, shortly after the introduction of the Unity "dual card" program, The Aisling Consumer Credit Regulatory Commission, a division of the Aisling Ministry of the Treasury devoted to ensuring that banking and financial institutions operating within Temuair are adhering the regulations regarding the treatment of consumers in the financial sector, ruled that Unity Bank was in violation of ACCRC regulations when marketing campaigns launched and backed by Unity Bank failed to make consumers aware that certain services offered to costumers applying for credit, including debt cancellations services, would incur a fee. Although Unity Bank claimed that the fees were located in writing in the terms and conditions signed by costumers, the ACCRC ruled that the texts were not "readily apparent" to the "average consumer". Unity Bank was ordered to repay more than 700 thousand Leones to consumers.

In 2009, Unity Bank again came under fire from the Aisling Consumer Credit Regulatory Commission for discriminatory practices. According to the ACCRC report, promotional offers being sent out by Unity Bank deliberately were withheld from costumers residing in the Astridian region of Temuair; a generally improvised area in western Temuair. The promotional deals were offered from 2000 until 2007 to customers with delinquent accounts and allowed them to settle their balance with by paying some amount which was less than the outstanding balance, under certain conditions. Unity Bank never issued a reason for failing to offer these promotions to Astridian costumers.