Opening a deposit account or lending to a trust is substantially
different from opening an account or lending to an individual. Although
many members inappropriately treat trust property as their own
individual property, your credit union must treat the trust as a legal
entity separate from the individual. Further, trust agreements are
lengthy, complicated legal documents which can expose your credit union
to significant liability if not handled properly.
This webinar will explain everything you need to know about opening
accounts for trusts, including proper account documentation and
authorization requirements. You will also learn about lending to trusts,
including appropriate loan documentation and proper perfection of
security interests in trust property. Join us to understand the steps
your credit union can take to reduce loss when dealing with trusts.