Posts Tagged ‘financial’

Union Bank: Interview with Oscar Dominguez, VP and Manager (part 3)

April 5, 2010
  1. Please retweetAre you looking to hire in the coming year?
    Yes.  Union Bank is focused on hiring as many talented individuals in banking and financial services.  The bank just added a new facility in Scottsdale, AZ, and hired 600 of the local residents.  We are a major employer in the Los Angeles area with a production center in Monterey Park.  Locally in Santa Clarita, we are looking to expand here as well.  We’ll be adding additional offices to service the communities of Saugus and Castaic and, subsequently, hire new employees.  We’re looking forward to adding value to the communities by offering ample employment opportunities.
  2. What have you done to go the extra mile for your client?  Please explain.
    One of the unique things is treating the customer as a person so they do not think that they’re just a number.  We take a personal interest in our customers.  What we do is send out Christmas and birthday cards as well as “Thank you” cards.  We want the customers to believe that our business is a partnership.  We also reach out to our customers by offering them incentives such as “Customer Appreciation Day” and offer them a gift.  We also make calls to our customers and ask them if there is anything the bank can do for them.  We are dedicated to contacting our customers on a regular basis and, rather than asking what we do well, we ask what we can do to improve their experience at the bank.  One of the critical things that Union Bank put in place is our calling efforts, where we pick up the phone, dial up our customers, and do the old-fashioned, “Hello. How are you doing?  Are we meeting your expectations?  If not, how can we provide a better experience for you?  If we are, thank you very much and please share that with others.”

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Francis M. Unson

Union Bank: Interview with Oscar Dominguez, VP and Manager (part 2)

April 5, 2010
  1. Please retweetWhat is the niche that makes you stand out above everybody else?
    What makes Union Bank stand out is our approach to individual, family, and small business services.  While other banks offer traditional products like checking or savings, Union Bank distinguishes itself from the competition by offering programs unique to the market we share.  For example, Union Bank has catered to the senior community by creating a financial watch program dedicated to them.  It’s not exactly a banking product, but it creates awareness and assists the senior community in protecting themselves from fraud and from being taken advantaged of financially.  We have also created for the young people in the community a unique banking program that educates them in how to be smart about banking and managing their finances.
  2. What products and/or services do you offer?
    Union Bank is a commercial bank, dedicated to offering minority-owned and small business loans; lines of credit to support cashflow, credit card services, and online services such as wire transfer to help speed up cashflow to grow in a global market.  With these services, we can help small, medium, and large businesses reach their business goals.
  3. What kind of promotions do you have?
    We are always on the lookout for promotions that our customers would find attractive.  For example, we know that the interest rate market have been low, so we have been offering interest rates that look good on long-term savings such as the FDIC-insured certificate of deposit (CD), which ensures that people will have a good return on their money.  Union Bank is also offering the “Company Benefits Program”, where the bank reaches out to the local business owners in the community and offers a $50 incentive to them if their employees open an account with the bank.  We also offer a free credit card service, so if a business is looking to expand and reach out to more customers, we offer credit card services online.  We offer promotions during certain times of the year so that individuals maximize their return, employees of businesses can receive free banking services, and businesses can increase their customer base to the next level with the credit card services.
  4. What do you like about working in the Santa Clarita Valley?
    Because Union Bank is dedicated to serving the community, I think that Santa Clarita has allowed me and Union Bank to really take charge of what our mission statement is: to support the community that we serve and be an active member of the community on a corporate and local level.  Being a local resident helps me understand the community I live in not only as a resident but also as a professional in the community, which has helped me understand what role I can play as a company in Santa Clarita to help contribute to the success of our business, organizations, our youth, our senior centers and community, and having the community recognize us as a local, community bank.
  5. In terms of your business, what are you looking forward to in the coming year?
    One of the critical roles in the coming year is to help continue supporting our small business community and support the growth that is needed to help them achieve what they need as an organization.  I believe that, coming into the New Year, it would be valuable that we inform, reeducate and retrain those that take active roles years as leaders or business owners in the community.

    (to be continued…)

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Francis M. Unson

Union Bank: Interview with Oscar Dominguez, VP and Manager (part 1)

April 5, 2010
  1. Please retweetWhat is your name?
    Oscar Dominguez, Vice President and Manager of Union Bank
  2. What is the name of your bank?
    Union Bank
  3. What year did you start working in the banking business?
    I’ve been with Union Bank for seven years and in the banking industry for 25 years.
  4. How did you go about getting started in the business?
    I started in the banking business because I enjoy being around people and talking to people on a continual basis.  When I was an undergrad in college, I had the opportunity to join a bank working part-time, and so the passion of being able to talk to people was something I always enjoyed personally.  I wanted people to understand that working in the banking industry allowed me the opportunity to help them with their finances, give suggestions, recommendations, and guide them on what they could do in the future to achieve their financial goals.  The main factor of being a banker is to teach people how they can manage and accomplish their financial goals as an individual, family, or a company or organization.  So for me, that is my passion and the fulfillment that I’ve received being a banker for so many years.

    (to be continued…)

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Francis M. Unson

Union Bank

April 5, 2010

Oscar Dominguez, vice president and manager of Union Bank, has been in the banking industry for 25 years and goes out of his way to understand the financial needs of an individual, couple, or family, as well as the growth-oriented needs of business owners and small businesses.I had written a number of articles concerning financial planning, reducing medical costs, and ways to stretch your dollar.  Despite news of economic recovery and an increasing employment index, particularly in the United States, the economy still has a long way to go.  We cannot become complacent about the small gains, by no means an indicator that the economy has fully recovered, and we must continue exercising due diligence with our finances during these difficult times.

Oscar Dominguez, vice president and manager of Union Bank, has been in the banking industry for 25 years and goes out of his way to understand the financial needs of an individual, couple, or family, as well as the growth-oriented needs of business owners and small businesses.

Oscar Dominguez, VP and Manager of Union Bank

Union Bank of Newhall, CA, has taken great strides towards helping its customers throughout the Santa Clarita Valley.  Oscar Dominguez, vice president and manager of Union Bank, has been in the banking industry for 25 years and understands that personal finance is a mystery for many people.  He goes out of his way to understand the financial needs of an individual, couple, or family.  He also focuses on the growth-oriented needs of business owners and small businesses.  Working closely with the community, Oscar and Union Bank not only creates opportunities for customers to make a great return on investment (ROI) by offering FDIC-insured certificates of deposit (CD), but also community outreach programs directed towards children and seniors.  If you, your family, or your business have financial goals you wish to achieve, give Oscar Dominguez a call.  All financial goals begin with a plan, and he would be more than happy to work with you towards mapping one out.

Oscar Dominguez, vice president and manager of Union Bank, has been in the banking industry for 25 years and goes out of his way to understand the financial needs of an individual, couple, or family, as well as the growth-oriented needs of business owners and small businesses.

Oscar Dominguez, VP and Manager of Union Bank
Valencia Bank and Trust
Stevenson Ranch Office
23620 Lyons Ave.
Newhall, CA 91321

Ph. 661.287.6380
Ph. 661.253.5753
oscar.dominguez [AT] unionbank [DOT] com

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Francis M. Unson

Money Challenge: Can you take control of your assets in seven days?

March 10, 2010

"Your Money", an occasional blog about money and financeHow do you achieve financial security?

If you said, “Winning the lottery”, there is a gain of financial security that will cost you your privacy, but the latter is beyond the scope of this blog.  Furthermore, waiting for that “inheritance from my [still alive] grandfather” does not solve your financial troubles now.  In order to gain financial security, you must live beneath your means so that you can pay off debts and start saving.  Easier said than done?  If you follow the steps in the seven-day plan I describe towards taking control of your money, you will be surprised, and all it takes is 20 minutes a day for one week.  If you have arrived at your child’s school half an hour early so you can get a parking spot, you’ve waited at least 20 minutes, so instead of Tweeting, updating your Facebook status, or checking into foursquare and ousting the mom parked behind you as mayor of your child’s school for the umpteenth time, let’s get started already!

Day 1 – Organize Your Financial Records
Just how did you get yourself in a financial hole?  The personal reasons do not matter, but a number of other factors do, particularly how much you earn and where it goes.  Gather the following records so you can make the first calculations:

  • Recent pay stub – Shows how much you bring in from work
  • Latest tax return – How much you receive from investments and other sources of income
  • Checkbook and most recent printed or online bank statements – Tells you where you are spending most of your money
  • Current credit card bills – Explains how much additional money you spend that your paycheck does not cover

Day 2 – Figure Out Where Your Money Goes
With your financial statements in hand, you can now prepare a summary of your monthly expenses.  List all of your expenses, even down to your daily lattes from Starbucks, and map out where your cash goes.  Use a journal or download a budget tracking app for your iPhone and keep track of your purchases.  You may find that you waste money, and lots of it, but we are here to fix that.

Day 3 – Categorize Your Expenses
Split your expenses into one of three categories:

  • Regular payments such as mortgage, utilities, car payments, car/homeowners/life insurance, etc.
  • Occasional expenses with some room for reduction such as food, clothing, or transportation.
  • Expenses you can do away with entirely such as eating out at restaurants, going to concerts, buying lottery tickets, etc.

The last two categories provide you with the most opportunities for cutting back.

Day 4 – Devise a Plan for Living Beneath Your Means
Reduce your monthly expenses so that you spend less than you take in.  For example, if you decide to add $500 a month towards paying off your credit card balance, you must cut $500 a month in expenses at the bare minimum.  Make a list of the expenses you are eliminating and how much you hope to save.

Day 5 – Develop a Debt-Reduction Strategy
With the extra money you are saving, begin paying off your debts, starting with your high-interest credit card bills.  Work out a realistic target date for when you want each debt to be paid off completely.  Setting lofty or ambitious dates will set yourself up for failure.

Day 6 – Establish a Savings Plan
Start saving while reducing your debts.  While this move is financially counter-intuitive, especially when paying off credit card debt at 20% interest while saving money at 4% or 5%, it is a psychological boost for yourself to be saving any money.  Furthermore, any savings put away now will come in handy if an illness or job loss occurs unexpectedly.

Day 7 – Start an Automatic Investment Plan
Saving now and investing in the future are two activities that people wish they had done only when it is too late.  Working from that perspective, doing the following is a crucial step towards learning from experience.
Call your bank, credit union, or mutual fund company and arrange an automatic investment plan, committing $50 to $100 (or more) from your paycheck each month towards an investment account.  The money invested can become the basis of your retirement portfolio or your child’s college fund.

Whether the economy is in decline or rising, being in control of your assets will help you achieve financial security, and it all begins with a plan.

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Francis M. Unson

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