Details
Requires a legal trust agreement -
Account is established by a Trustee(s) who may or may not also be a Trustor(s).
A DCU Savings or Checking Account -
can be set up as a Trust Account.
Only the Trustees may transact on the trust -
The beneficiary has access to the funds, through the Trustee, only upon the death of the Trustors.
Membership Eligibility Requirements -
apply to Trustor(s) of a revocable Trust and Trustors or Beneficiary(s) of an irrevocable Trust.
Debit or ATM Card -
can be issued in the Trustee's names only. (Upon Approval)
