Documented Trust Accounts definition
Documented Trust Accounts. We offer revocable trust accounts to our members. Trust accounts will only be opened if the Trust documentation presented by you to the Credit Union is in a manner acceptable to our underwriting policies. We require all Trust accounts to provide the name of any Successor Trustee(s). The individual establishing the Trust (the "Settlor") must be a member of the Credit Union and, any withdrawal of Trust account funds will be deemed a revocation of the Trust to the extent of any such withdrawal. It is the responsibility of the Settlor(s) to determine and understand any legal effects related to this type of account.