Trust Accounts - East County Schools Federal Credit Union
Skip to main content

Online Banking

Open An Account  |  Apply For A Loan

Trust Accounts

Trust Accounts ensure that after you are gone, your loved ones will get access to the funds with much less hassle. If you have a trust, placing your East County Schools accounts within your trust is easy!

Apply online to open a trust account and bring the following documentation in to one of our branches:

  • Current, valid driver's license, state or federally-issued ID card, or passport (Trustor, all Trustees)
  • Death certificate for deceased trustees (if applicable)
  • Exact name of the Trust
  • Date the Trust was established (generally included in the name)
  • Names, addresses and social security numbers of Trust Successor/trustees
  • Page from your Trust paperwork showing who is the Trustor, Trustees and Successor Trustees

Deposits are insured up to $250,000 by NCUA.
Assets are protected from probate and estate taxes.

What accounts can I open in the name of my trust?
Checking, Savings, and Certificate deposit accounts

What is a trustor or a trustee?
The trustor/grantor/settlor is the person who created the trust. The trustee is the person who manages the assets in the trust. In some cases, the current trustee may not be the original trustor.

Can I add an existing trust as a beneficiary?
Yes. You can designate a trust as the beneficiary for your personal accounts. Fill in the Additional Services Request form with the name of the trust using the exact name of the trust and trust TIN or EIN number. Return the original form to one of our branches.

 

Savings Rates

Financial Education

Financial Foundations

 Could you use an easy explanation of the basics? These short, understandable lessons will help you to make better decisions related to managing your money. Titles include: Checking Accounts, Car Loans, Preventing Overdraft Fees, Credit Cards, Mobile and Online Banking and Why You Should Pay More than the Minimum Balance on your Credit Card.

Financial Foundations Articles

Building Financial Capacity

Adulting can feel overwhelming at times! Select from short but comprehensive modules on Creating a Budget, Credit Scores & Reports, Taxes: the Basics, Healthy Financial Habits, Debt Management, Identity Protection and How to Start Family Conversations about Money.

Building Financial Capacity Articles

Owning a Home

Home Ownership can feel overwhelming. Talk to us any time, but these articles will also educate you about the benefits and costs of all aspects of owning a home. Learn about Buying a Home, Mortgages, Mortgage Relief, Investment Property, Reverse Mortgages and Refinances.

Owning a Home Articles

Investing in Your Future

Are you prepared for college tuition, one of life's emergencies or a comfortable retirement? Explore important financial planning topics like 529 plans, Emergency Savings, Health Savings Accounts, Sustainable Investing, IRA's, Estate Planing, and the FIRE Lifestyle.

Investing in Your Future Modules

Preparing for Retirement Modules

Members LoveECSFCU!

  • ECS-logo

    From the beginning of the process to the day of funding, Suzy and her assistant, Lance, were exactly what anyone would hope for when refinancing their home. They responded to all my questions with patience and in a timely manner. They let me know what to expect and when to expect it every step of the way. I couldn't be more pleased with the service I received. Thank you Suzy and Lance for making this so easy!

     

    Elissa Ellis-MacLeod, on her ECSFCU home refinance