Bank of Ulta

One of the official federal licenced banks to issue UCU. The bank is a semi private entity, but it is very closely monitored by both the Union Finance and Commerce council and the Assembly. All business records are public records and can be accessed by any Union Citizen. An annual business report is delivered to the Assembly. This report is also part of the documents all union citizens receive. The bank stores the equivalent of all UCU issued by the bank in form of Iridium, Polonium, Germanium, Paladium for the Union. The Trade unit exchange standard usually does not involve the circulation of physical trade units. The main feature of the trade units exchange standard is that the government guarantees a fixed exchange rate to the currency of societies  that uses the trade units standard, regardless of what type of notes or coins are used as a means of exchange. This creates a de facto trade unit standard, where the value of the means of exchange has a fixed external value in terms of trade units that is independent of the inherent value of the means of exchange itself. There are five metals that are re deemed universally useful and thus valuable to a space faring society. (Up to TL 11)

Bank of Ulta

Headquarterd on Ulta. It is the smallest of the official Union Banks and has only very recently incorporated the Nul Trade Vault and opened a physical branch on the Nul home world. The Bank of Ulta is controlled and supervised like the other official Union Banks, but does not maintain physical branches, nor robotic teller operations. Union citizen accounts are soley managed via GalNet and mail. While it maintains considerable assets it is the least popular Union Bank, primarily due to the fact that it has no real business branch and offers no financial services. Loans can be obtained only via the Office of Citizen affairs and the Union citizen loan program.