Other bank product/service Account opening, closing, or management
Union Bank Bank account or service department,
Other bank product/service Account opening, closing, or management California
1 ) I sent this email to my bank : Greetings, I am a customer, and I tried to look up info on Union Bank 's exposure to pressure from oil and gas markets. I 'd like to get a clear picture of how much debt Union Bank carries in that sector. Can you please point me in the right direction? Thank you. 2 ) I received this response : Dear - -, Thank you for your recent e-mail. Please see the link below. - We appreciate the opportunity to assist you. If we can be of further assistance, please send a new message from your Secure Messaging Center.
Sincerely, - -. Retail Customer Service 3 ) I responded : Thanks for the response, -. But what I was looking for was the amount of of outstanding loans the bank has in the oil/gas sector, not its investments. Where do I find that info? Thanks, - - 4 ) They responded : Dear - -, Thank you for your recent e-mail. We do apologize, that is all the information we are able to locate at this time. We appreciate the opportunity to assist you. If we can be of further assistance, please send a new message from your Secure Messaging Center. Thank you for banking with Union Bank. Sincerely, - -. Retail Customer Service 5 ) I sent another email higher up the food chain : Greetings. I recently asked a question about amount of of outstanding loans Union Bank- bank has in the oil/gas sector and received back a link with information about the bank 's portfolio. Following up, I received this email : " Thank you for your recent e-mail. We do apologize, that is all the information we are able to locate at this time. '' Surely someone somewhere is keeping track of the information I am requesting. As a customer, I am entitled to this information. Please provide it or refer me to someone who can. Thank you. - - 6 ) I received this response : Dear - - : Thank you for your recent email. Below is a link to - Union Bank financial highlights - Unfortunately, the information you are requesting is not public information and we are unable to share the details due to the privacy law. If we can be of further assistance, please send a new message from our Secure Messaging Center, or call Online Banking at - - - -. Online Banking agents are available to assist you Monday thru Friday from - to - - - - -, and Saturdays from - to - - - - ). Thank you for the opportunity to assist you. Sincerely, Customer Care 7 ) QUESTION FOR YOU : Am I not entitled to know how my bank uses ( lends or invests ) the money I deposit? Oil and gas is taking a huge hit right now and I want to know how my bank is exposed to losses. Is that not my right, especially after the mortgage fiasco? Thank you for any guidance you can offer.
Union Bank customer in California
Jan 21, 2016
* Source: CFPB Complaint Database
Union Bank response to complaint:
Closed with explanation
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