Skip to Main Content
Father with toddler son on shoulders.

Trust Accounts

Trust Accounts

Control funds for the benefit of another party, an individual, or group.

At a Glance

A Trust is a fiduciary relationship where one person (the Trustor) holds the title to a property (the trust estate or trust property) for the benefit of another (the beneficiary). A Trustor, who also owns the funds in this account, establishes the Trust.¹

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.
Trustees have access to funds during the life of 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 plus Beneficiary(s) of an irrevocable Trust
Debit or ATM Card - can be issued in the Trustee's names only. (Upon Approval)
¹DCU cannot provide legal, tax, or estate planning advice. We suggest you discuss your particular situation with a tax consultant or advisor. 

People Also Shopped For

Find out what other members have shopped for after viewing this product.
$0.00
Stop paying big bank fees. You could save with DCU.
3.24% APR
Lower your rate, payment, or both when you refinance.
10.50% APR
Great rates with no annual fees, cash advance fees, or balance transfer fees.
7.50% APR
Pay off credit cards or invest in home improvements with our traditional personal loan.
1.56% APY
Earn dividends that often rival uninsured money market mutual funds. (Minimum to earn shown rate: $1,000)

We're Here to Help

Email

Get assistance by Email.

Visit

Find a Branch or ATM.

Online Live Help

Chat with a Representative.

Online Live Help Hours

MON-FRI: 8:00 AM to 9:00 PM (EST)
SAT: 9:00 AM to 3:00 PM (EST)