The Bank of North Dakota recognized Unison Bank as one of five recipients of the recent “Thank Your Bank or Credit Union Month” giveaway. North Dakota residents were asked to write up to 250 words to express their gratitude for their local financial institution.
Five submissions will be selected randomly and the community from which they are drawn will receive $5,000 to use toward an education-related organization or activity approved by the Bank of North Dakota. In addition, the five individuals submitting the winning submissions will receive a $529 scholarship to a new or existing College SAVE account.
Jamestown resident and RSVP Dakota Store Manager Deb Lee submitted the following about Unison Bank: “I appreciate Unison Bank because they know people's names and anticipate their needs. Their banking hours are consumer friendly. Unison exemplifies what it means to be a hometown bank!”
Lee said she is excited to split the scholarship funds between each of her nine grandchildren’s College SAVE accounts.
"The 529 accounts are an easy way to get the grandchildren started on their path to further education. I do monthly contributions that cover birthdays and Christmas,” Lee said.
Unison Bank has locations throughout North Dakota in Jamestown, Linton and Wishek. The funds were designated to support the community of Linton, as they will help upgrade Linton Public School’s track and field facility. Unison Bank matched the $5,000 gift with an additional $5,000 toward the effort.
BND initiated the effort to thank the local banks and credit unions for their tireless work during the COVID pandemic. North Dakota’s financial institutions approved 19,792 Paycheck Protection Program loans for more than $1.81 million making North Dakota one of the largest recipients per capita in the United States and facilitated $457.7 million in applications to Bank of North Dakota for loans and grants that supported nearly 2,000 businesses representing 399 business sectors in the state.
“The partnership and support BND experiences from the local banks and credit unions is crucial to delivering programs to support the businesses, farmers and ranchers in North Dakota,” said Todd Steinwand, BND interim president. “I congratulate Unison Bank for their strong connection to their customers and branches throughout the state.”
Since 1965, Unison Bank has been proud of its community bank heritage and the areas it serves. Unison Bank believes it is vital to its customers and communities to reinvest in their futures – which is why it invests each year in the communities it is a part of through financial donations, employee volunteer hours and community involvement.
“We appreciate hearing submissions like Deb’s," said Kelly Rachel, Unison Bank president and CEO. "It’s our mission to provide customers with quality products and services while recognizing each customer as an individual and respecting their unique needs."
Bank of North Dakota is the only state-owned bank in the United States and is overseen by the Industrial Commission whose members are Gov. Doug Burgum, Attorney General Wayne Stenehjem and Agriculture Commissioner Doug Goehring.