EXHIBIT 14.1

                           UNION BANKSHARES, INC.
CODE OF ETHICS FOR SENIOR FINANCIAL OFFICERS AND THE CHIEF EXECUTIVE
OFFICER


This Code of Ethics for Senior Financial Officers and the Chief Executive
Officer of Union Bankshares, Inc. ("Bankshares" or the "Company") applies
to the chief executive officer and the chief financial/accounting officer
of Bankshares. Bankshares and its subsidiary expect all directors,
officers, and employees to act in accordance with the highest standards of
personal and professional integrity in all aspects of their activities, to
comply with all applicable laws, rules and regulations, to deter wrongdoing
and to abide by the Code of Ethics and other policies and procedures
adopted that govern their conduct.  Pursuant to the Sarbanes-Oxley Act of
2002, and the regulations promulgated thereunder, Bankshares hereby adopts
this supplemental Code of Ethics for its Senior Financial Officers and the
Chief Executive Officer.

You agree to:

      (a) Engage in and promote honest and ethical conduct, including the
ethical handling of actual or apparent conflicts of interest between
personal and professional relationships;

      (b) Have in place all reasonable administrative, technical and
physical safeguards to protect the confidentiality of sensitive and/or non-
public information about Bankshares or its subsidiary and their customers
obtained or created in connection with your activities and to prevent the
unauthorized use or disclosure of such information for any reason other
than the intended purpose unless required by applicable law, regulation,
legal or regulatory process;

      (c) Maintain the reliability and integrity of the Company's
accounting records in accordance with applicable laws, ensure that the
information is proper, supported and correctly classified and that it does
not contain any false or misleading entries and that transactions are
reflected in an accurate and timely manner.  Report to the Audit Committee
any untrue statement of material fact or any omission of material
information of which you become aware that may materially affect the
disclosures made by the Company in its public or regulatory filings;

      (d) Take all reasonable measures to produce full, fair, accurate,
timely, and understandable financial and other disclosures in reports and
documents that Bankshares or its subsidiary files with, furnishes, or
submits to, the Securities and Exchange Commission and other regulators,
and in other public communications made by Bankshares or its subsidiary;

      (e) Comply with applicable governmental laws, rules and regulations,
as well as the rules and regulations of the American Stock Exchange (AMEX),
and bring to the attention of the Audit Committee any evidence she or he
may have concerning any material violation of the securities or other laws,
rules or regulations applicable to the Company or its subsidiary, or their
respective business operations. Respond honestly and candidly when dealing
with independent and internal auditors, regulators and attorneys;

      (f) Be responsible for the Company's system of internal financial
controls.  You shall promptly bring to the attention of the Audit Committee
any information you may have concerning significant deficiencies in the
design or operation of internal controls which could adversely affect the
Company's ability to record, process, summarize and report financial data
or any fraud, whether or not material, that involves management or other
employees who have a significant role in the Company's financial reporting,
disclosures or internal controls;

      (g) Promptly report any possible violation of this Code of Ethics to
the Audit Committee or any of the parties or channels listed in Union
Bank's Code of Ethics;

      (h) Update in a timely manner policies, procedures and internal
controls to encompass new or expanded business activities;

      (i) Implement internal controls necessary for the safeguarding of
assets;

      (j) Seek out training and other educational opportunities in order to
continually improve on internal controls to assure that Bankshares'
financial reporting is reliable and accurate; and

      (k) Avoid conflicts of interest and promptly report to the Audit
Committee any material transaction or relationship that reasonably could be
expected to give rise to such a conflict. Reports to the Audit Committee of
possible violations of this Code of Ethics may be made in writing,
addressed to the Chair of the Union Bankshares, Inc. Audit Committee, P.O.
Box 1346, Morrisville, VT 05661. You may choose to remain anonymous in
reporting any possible violation of this Code of Ethics.

You are prohibited from directly or indirectly taking any action to
fraudulently influence, coerce, manipulate or mislead Bankshares or its
subsidiary's independent public auditors for the purpose of rendering the
financial statements of Bankshares or its subsidiary false or misleading.


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You understand that you will be held accountable for your adherence to this
Code of Ethics. Your failure to observe the terms of this Code of Ethics
may result in disciplinary action, up to and including termination of
employment. Violations of this Code of Ethics may also constitute
violations of law and may result in civil and criminal penalties for you,
your supervisors and/or Bankshares or its subsidiary.

If you have any questions regarding the best course of action in a
particular situation, you should promptly contact Bankshares' Internal
Auditor or outside counsel for advice.


YOUR PERSONAL COMMITMENT TO THE BANKSHARES CODE OF ETHICS FOR SENIOR
FINANCIAL OFFICERS AND THE CHIEF EXECUTIVE OFFICER

I acknowledge that I have received and read the foregoing Bankshares Code
of Ethics for Senior Financial Officers and the Chief Executive Officer,
(i) dated March 15, 2006, and understand my obligations as an officer to
comply with this Code of Ethics as well as the Union Bank Code of Ethics,
and (ii) this Code of Ethics supersedes all earlier dated versions of such
Code.

I understand that my agreement to comply with the Code of Ethics does not
constitute a contract of employment.


Date:  ____________________

Please sign here:  ____________________________________________


Printed name and title:  __________________________________________________

This signed and completed form will be retained with the records of
Bankshares's Audit Committee.


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