SECURITIES AND EXCHANGE COMMISSION

                             Washington, D.C. 20549

                                    FORM 8-K

                                 CURRENT REPORT

     Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934

      Date of Report (Date of earliest event reported): October 26, 2006

             (Exact name of registrant as specified in its charter)

                             UNION BANKSHARES, INC.

(State or other jurisdiction        (Commission              (IRS Employer
of incorporation)                   File Number)        Identification Number)
Vermont                             001-15985                 03-0283552

(Address of principal executive offices)
20 Main St., P.O. Box 667              (Zip Code)
Morrisville, VT                        05661-0667

Registrant's telephone number, including area code: (802) 888-6600

         (Former name or former address, if changed since last report)
                                 Not applicable

Check the appropriate box below if the Form 8-K is intended to simultaneously
satisfy the filing obligation of the registrant under any of the following
provisions:

[ ]   Written communications pursuant to Rule 425 under the Securities Act
      (17 CFR 230.425)

[ ]   Soliciting materials pursuant to Rule 14a-12 under the Exchange Act
      (17 CFR 240.14a-12)

[ ]   Pre-commencement communications pursuant to Rule 14d-2(b) under the
      Exchange Act (17 CFR 240.14d-2(b))

[ ]   Pre-commencement communications pursuant to Rule 13e-4(c) under the
      Exchange Act (17 CFR 240.13e-4(c))


Item 2.02: Results of Operations and Financial Condition

      As provided in General Instruction B.2 to Form 8-K, the information
furnished in this Item 2.02 and in Exhibit 99.1 hereto shall not be deemed
filed for purposes of Section 18 of the Securities and Exchange Act of 1934, as
amended, nor shall it be deemed incorporated by reference in any filing with
the Securities and Exchange Commission, except as shall be expressly provided
by specific reference in such filing.

      On October 26, 2006, Union Bankshares, Inc. mailed its Third Quarter
      unaudited Report to Shareholders, a copy of which is furnished with this
      Form 8-K as Exhibit 99.1, presenting information concerning our results
      of operations and financial condition for our third quarter ended,
      September 30, 2006 and the declaration of a regular quarterly dividend.

Item 9.01: Financial Statements and Exhibits

The following Exhibit, referred to in Item 2.02 of the Report is furnished, not
filed; herewith:

      c) Exhibit:
         99.1 Union Bankshares, Inc. Third Quarter Report to Shareholders
              mailed October 26, 2006


                                   SIGNATURES

      Pursuant to the requirements of the Securities Exchange Act of 1934, the
registrant has duly caused this report to be signed on its behalf by the
undersigned hereunto duly authorized.


                                     Union Bankshares, Inc.


October 31, 2006                     /s/ Marsha A. Mongeon
                                     ------------------------------------------
                                     Marsha A. Mongeon, Chief Financial Officer


October 31, 2006                     /s/ Kenneth D. Gibbons
                                     ------------------------------------------
                                     Kenneth D. Gibbons, President/
                                     Chief Executive Officer

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                                 EXHIBIT INDEX

99.1  Union Bankshares, Inc., Third Quarter Report to Shareholders mailed
      October 26, 2006.