Banco Unión is a Bolivian state-controlled lender founded in 1979 and based in La Paz. Its products and services include savings and checking accounts, credit cards, mortgage and car loans, microloans and operating and investment capital financing. The bank is part of the Unión group, which also includes Valores Unión and SAFI Unión. In 2015, the bank received regulatory approval to launch a life insurance company and a P&C insure. The stated mission of Banco Unión is to make access to financial services available to all the population as well as to contribute to the country's economic and social development.