Trust Accounts

Trust accounts can be useful tools when you are planning for the future. When set up properly, trust accounts eliminate delays, costs and the unnecessary hassles that probate can cause.

Living Trust

Living Trust

If you are interested in setting up a Living Trust, please contact an attorney to assist you. Once the paperwork is in place, we can help you transfer the NuVision accounts that you want included in your Living Trust.

Revocable Trust

Revocable Trust

This trust account enables the trustor(s) to change or revoke the trust, in whole or in part, at any time. Trustors must be NuVision members. Upon the death of the trustor(s), the trust account becomes irrevocable.

Irrevocable Trust

Irrevocable Trust

The assets are owned by the trustor and held for the benefit of the beneficiary; the trustor relinquishes ownership of the property. Once created, an irrevocable trust is extremely difficult to amend or terminate. The trustor(s) or beneficiary(ies) must be a member of the credit union.


 
 
To open a trust account with us, you will need to complete a Trust Application and a Trustee Certificate.

Your attorney may provide you with a Certification of trust, abstract or extract of trust. These documents provide a summary of information that will be useful when you open your account. NuVision Federal Credit Union’s savings, checking, money market, and certificates accounts can all be included in a Living, Revocable or Irrevocable Trusts.

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