You owe it to yourself

News & Information

Happenings and Dates to Remember

Fosston Rotary 5K will be held on Saturday, May 3rd at 10:00 a.m. with a kid’s 1K at 9:30.

Highway 2 Cruisers annual car show is Saturday, August 23, from 10:00 to 2:00.

First Care Foundation’s 4th Tango & Cash will be held on Saturday, October 18, at the Fosston Civic Center.












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Transform your financial habits- prepare for the future


Retirement Ahead Your 50s are a good time to take stock of the asset allocation of your portfolio and evaluate your position relative to your retirement plans.  For an accurate estimate, consider at what age you would like to retire and the lifestyle you plan to have… will you travel, have a vacation home, take up an expensive hobby?  Project a budget, keeping in mind that some costs, such as health insurance, may increase and others, like your mortgage payment, may disappear.  Once you have estimated your living expenses, then estimate how much your assets will be worth at retirement, and how long they are likely to last.  You can do this with UBM’s  retirement calculator.  Also estimate your Social Security income.  With all this information at hand, you may want to increase your retirement contributions.


As you enter your 60s, fine-tune your projections and your asset allocations.  If you retire before age 65, be sure you have medical insurance to cover you until you are eligible for Medicare.

UBM can help you in your pre-retirement lifestage to re-allocate your assets, increase IRA contributions and more.  

Here are other ways pre-retirees can enhance their financial position at Ultima Bank:

Take advantage of our Premier checking account for customers over 55

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Premier Checking  –  Free checks, safe deposit box rental at a reduced rate and more just for being a Premier account holder.  The benefits keep adding up when you receive your statement via email.  More details...



Save time, money and paper with UBM's convenient online banking, ePay and debit card service

Let us help you take a shortcut to better financial management.

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eStatements & eAlerts - The fastest way UBM offers our customers information on their accounts is via eStatements and eAlerts. They use technologies we are all accustomed to and completely eliminate paper ... now that is a winning combination. For more information on either of these great services, please click on the links above.

UBM Debit Card - There are many ways a UBM Debit card can benefit your lifestyle.    View more information and locate a no fee ATM near you.

Pay bills with ease online with ePay - Access is securely granted via your NetBanc or ExecuBanc session. ePay can notify you when a bill is due, once it has been paid and so much more. More information...

Bank Online with NetBanc and/or MobileBanc - check out our easy way to bank from your computer or smart phone.



Check out our rates

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 Click on the link below for current information on our most popular products.

CD Rates

UBM Direct Savings


Catch up on your IRA contributions

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Now is a good time to up your contributions to your retirement savings accounts. In 2014, individuals under age 50 can contribute up to $5,500 into a Roth IRA or Traditional IRA. 

After age 50, you are qualified to boost your plans with “catch-up” contributions up to an additional $1,000.  Please consult your tax advisor for additional information.

Traditional IRA - If you are looking for a tax deductible IRA.

Roth IRA - If you desire tax free withdrawals at retirement over a deduction today.

Retirement Savings


Need help pulling all of your investements together in one place?

Cetera Investment Services may be the answer.

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Investment Executives can help you to assess your individual situation to help best manage your financial portfolio of investments.   More information...  


 Securities and insurance products are offered through Cetera Investment Services LLC (doing insurance business in CA as CFGIS Insurance Agency), member  FINRA/SIPC. Advisory services are offered through Cetera Investment Advisers LLC. Neither firm is affiliated with the financial institution where investment services are offered. Investments are: *Not FDIC insured *May lose value *Not financial institution guaranteed *Not a deposit *Not insured by any federal government agency.
Investment Executives are registered to conduct securities business and licensed to conduct insurance business in limited states. Response to, or contact with residents of other states will only be made upon compliance with applicable licensing and registration requirements. The information in this website is for U.S. residents only and does not constitute an offer to sell, or a solicitation of an offer to purchase brokerage services to persons outside of the United States.



For help determining the best practices and products for sound and productive money management during your particular lifestage, please contact us at 800-421-2588 or