US Bank is an American financial holding company incorporated in Delaware and also located in Minneapolis, Minnesota. It is one of the five largest banks in the United States, which together with Citibank, serve about eighteen million banking customers. It is a founding member of the Fed and is one of nine regional bank holding companies of the United States Federal Reserve System. It was named after John Foster Younger, a prominent US Senator representing Minnesota.
There are many things that make us different from other banks. We have a tradition of timely and competent customer service, a strong investment philosophy, a conscientious effort to maintain sound business practices, a reputation for timely and responsible service and a willingness to be flexible in dealing with economic conditions. In addition, we offer a comprehensive variety of financial services including savings, loans, credit cards, investment securities, commodity markets and foreign exchange, merchant cash advances and other banking products.
Among its services are home equity lines of credit (HELOC), which are insured and guaranteed by the FDIC, checking accounts, commercial and savings accounts, money market and certificates of deposits (CCDs). We also provide a variety of loans and securities to meet various customer needs. We offer a full range of deposit and withdrawal services including check cashing, ATM overdraft protection, electronic funds transfer (EFT) and a PC banking service. We also offer a variety of home equity line of credit products, including a low interest rate line of credit (ULOC) and a high interest rate revolving credit account (CCueductible Equity Line of Credit (CEOL). An interest only loan is also available.
As we expand our offerings to help people in all walks of life, we also want to attract the most prudent borrowers. This requires consistent efforts to maintain competitive interest rates, as we do not wish to alienate any of our current customers. Our US Bank Mortgage Broker Network provides us with a convenient, integrated service that connects us with mortgage brokers who can match our borrowers with appropriate mortgage products. This allows us to offer competitive rates on our mortgage products. It also allows us to increase our customer base.
The US Bank Mortgage Brokers Association is one of the members of the National Futures Association that works toward achieving fair mortgage practices among . . . . . . brokers and investors. Through the US Bank Mortgage Brokers Association, we are able to enhance our understanding of mortgage products and develop more effective ways to serve our customers. Through this association, we are able to offer information and guidelines to help our members effectively compete in the mortgage industry. By participating in the association, we are able to improve our knowledge of the mortgage industry and our ability to provide effective assistance to our members.
One of the advantages of being a member of the US Bank Mortgage Brokers Association is that it allows us access to vital information and services that will allow us to successfully compete in the mortgage industry. Members are able to share their stories and learn about the services that they have provided to their clients. This provides us with an insight into the mortgage services that we provide and the type of interest rates that our members are receiving.
