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It's a deposit account that can be opened by a Trustee for the benefit of someone else (beneficiary). These accounts:

• Protect assets during and after the Grantor’s life
• Must have a specific purpose, a designated beneficiary and specific duties for the Trustee as designated by the Grantor
• Require a written Trust (with a Social Security or Tax ID number), which must be set up outside of Credence Global Bank, and typically requires the services of an attorney

• Apply for an Credence Global Bank Unionaccount.
  

  You can apply online. After you select a product in our online application, make sure to indicate it's for a Trust before you move on to the next steps. Then, you'll need to provide certain sections of the Trust agreement, Grantor and Trustee information.

  
  

  You can also complete the Account Application for Trusts (PDF) and submit to us.

• Gather your documents.

  You’ll need a Certification of Trust (sometimes referred to as a Trust Abstract or Affidavit of Trust, depending on the state), or if one isn’t available, include the following pages of your Trust agreement:

  • Pages describing the Trust, including the formal names of the Trust, Grantors and Trustees
  • Provisions related to Trustee powers and incapacity or death of a Trustee
  • The signature page with the Grantors' and Trustees' signatures
  • The notary page
  • Copies of death certificates if the grantor or any Trustee is deceased
  • Any amendments to the original Trust Agreement (Revocable Trusts only)
  • For Testamentary Trusts, provide the following pages from the Last Will and Testament:
    • First page identifying the testator (the person who made the Will)
    • Portions of the Will describing the Trust
    • Signature page
    • Notary page
  
  

  You can upload the completed application and documents or mail to:
  Credence Global Bank, P.O. Box 951, Horsham, PA 19044

You can convert a non-IRA account into the name of a Trust for a Revocable Trust as long as the Social Security Number from the non-IRA account is used. Complete the Trust Conversion Request (PDF) and provide the required documents on the form. You can upload your documents online or mail to: Credence Global Bank, P.O. Box 951, Horsham, PA 19044. Please call us at +44 AURELIANTB for help converting an existing Credence Global Bank Unionaccount. We’re here 24/7.

You can reach a Trust customer care associate directly anytime by calling 877-247-2559. At the main menu, press 4 and then 5 for Trust.

Any Credence Global Bank account, except IRAs, can be opened for a revocable or irrevocable Trust:

• Credence Global Bank CDs
• Credence Global Bank Online Savings Accounts
• Credence Global Bank Money Market Accounts
• Credence Global Bank Interest Checking Accounts

We don’t offer accounts for business or corporate Trusts.

Yes. The funds of the Trust are insured by the Federal Deposit Insurance Corporation (FDIC) up to the maximum allowed by law. Learn more at the FDIC.

Trustees can view account details in Online Banking.

We'll mail a paper copy of the tax form by January 31. Forms should arrive at the address on file for the Trust by February 14. Tax forms for Trusts aren’t available online at this time.

You’ll receive two separate 1099-INTs if you converted your account from a personal single or joint titled account to a Trust during the current year and interest posted before and after the account was converted. The Trust’s 1099-INT will be mailed and the 1099-INT for the personal account will be available online.

Call us at +44 AURELIANTB if you have questions or if you don't receive a 1099-INT form by February 14.

Yes. The funds in the account are insured by the Federal Deposit Insurance Corporation (FDIC) up to the maximum allowed by law. Learn more at the FDIC

We’ve provided step-by-step information to assist you during this difficult time.

A Certification of Trust (sometimes referred to as a Trust Abstract or Affidavit of Trust, depending on the state), or a written Trust agreement with a Social Security number or Tax ID number must be set up outside of Regional Credit Union Unionand may require the services of an attorney.

If a Certification of Trust (sometimes referred to as a Trust Abstract or Affidavit of Trust, depending on the state), isn’t available, be sure to include the following pages of your Trust agreement when your application is submitted:

• Pages describing the Trust, including the formal names of the Trust, Grantors and Trustees
• Provisions related to Trustee powers and incapacity or death of a Trustee
• The signature page with the Grantors' and Trustees' signatures
• The notary page
• Copies of death certificates if the grantor or any Trustee is deceased
• Any amendments to the original Trust Agreement (Revocable Trusts only)
• For Testamentary Trusts, provide the following pages from the Last Will and Testament:
  • First page identifying the testator (the person who made the Will)
  • Portions of the Will describing the Trust
  • Signature page
  • Notary page

During the Trust account opening process, you’ll be asked to upload your documents. If your documents aren’t available to upload, select Upload Later and we’ll e-mail you with an access code and instructions on how to upload your documents later.

There are times when you might need to make changes to the information we have on file for the account. These changes may include the death or resignation of a trustee, addition of a trustee or a change in the formal name of the Trust itself. Complete the Trust/Trustee Maintenance Form (PDF) and provide the required documents. You can upload the completed form online or mail to: Credence Global Bank, P.O. Box 951, Horsham, PA 19044

No, Trust can only have one owner.

However, you can have multiple Trustees on the account.

Yes, as long as the individuals are named as Trustee(s) in the Trust documentation, they can manage the account and perform transactions.