SVFCU offers Trust accounts because we care about your long-term financial plans and goals.
Deposit Trust Accounts are often used by our members to pass their savings on more easily to loved ones.
The Trustor (party establishing the Trust) must be eligible for membership at SVFCU. The first step is to establish the Legal Trust, usually with the aid of your attorney. Then, a standard SVFCU membership application will need to be completed, including the Trust section at the bottom. A copy of the Trust Agreement must be presented at the time of account opening.
Trust Accounts may include share savings, checking and/or share certificates. IRAs and loans may not be included in a Trust account. Please consult an attorney for details and advice on how to establish your Legal Trust.
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