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Fiduciary Accounts

This type of account is useful for members when they have special legal responsibilities. The account is established by a Fiduciary. The account is held by an individual usually acting as Executor, Administrator, or Guardian.
  • The Fiduciary must be eligible for DCU Membership.
  • Legal documentation must be furnished to DCU before we can open the account.
  • A Fiduciary Account is opened using the Social Security Number of the individual who owns the funds or the Tax I. D. Number of the estate.
  • Any DCU savings or checking account can be set up as a Fiduciary Account.
  • A DCU Check Card or DCU ATM Card can be issued in the Fiduciary's name only.
  • Loans are not available on a Fiduciary Account.
  • Funds cannot be used as collateral for loans.
This account is federally insured separately from other individual accounts owned by the Ward or Fiduciary, if applicable, up to $250,000. Funds held in multiple accounts in the name of a Guardian for the benefit of a Ward are added together and insured up to $250,000. More information on NCUA federal insurance.
All funds, held by an Executor or Administrator for a decedent, are added together and insured to $250,000. The Executor or Administrator's individual accounts and the beneficiaries' individual accounts are insured separately, if applicable.
DCU cannot provide legal, tax, or estate planning advice. We suggest you discuss your particular situation with a tax consultant or advisor.
Use our Savings Calculators to help you determine the savings plan to meet your goals.
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Digital Federal Credit Union
Digital Federal Credit Union
220 Donald Lynch Boulevard
PO Box 9130
Marlborough, MA 01752-9130
508.263.6700 • 800.328.8797
 DCU is an Equal Housing Lender    Your savings federally insured to at least $250,000 and backed by the full faith and credit of the United States Government. National Credit Union Administration, a U.S. Government Agency. Select for more information.

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