Have you established a Revocable Trust? Bring your Certificate of Trust into one of our locations to allow a member representative to review and open your Trust account. Fund your Trust account with a minimum savings of $5.00. Revocable trust accounts will receive dividends in the same manner as savings accounts held by members.

Summary of Requirements

Each Settlor Trustee must establish membership in their own name by opening a primary account at Catholic Federal Credit Union.

  • Revocable trust agreements must be drawn up by a licensed attorney.
     
  • The member must be both the settlor/trustor/donor/guarantor and the trustee (settlor trustee). This means that the member has created the trust and has the authority to manage it during his/her lifetime.
     
  • The Certificate of Trust must clearly identify the successor-trustees, and how the trust is to be acted upon should the Settlor Trustee(s) be declared incompetent or deceased.
Go to main navigation