Through this audio, you will explore a variety of trust accounts including Uniform Transfer to Minors, totten or informal trusts, Conservatorships and Guardianships, and Court-ordered or blocked trusts.

Note: Trust and account ownership issues are based on state law and you should check with your state league or your own legal counsel for state specific issues and requirements.

For these 4 types of trusts, you will review:

• Who are the parties and what are their roles?
• Who must be a member in order to open or establish the particular type of account?
• Which account agreement do we use?
• What taxpayer identification number is required?
• Who can open, who can close, and who can transact on the account?
• How is share insurance calculated?

CUNA archived events enable staff to pick up new skills and keep up with daily responsibilities. Hearing the archived audio conference will enable you to hear a presentation, questions of the instructor, and refer to handouts. You need only a computer with an Internet connection and speakers. The archived event is made available within 48 hours of the live event. Please note: The same username and password you use to register will be used to access your archived event.

This audio was offered live on
November 10, 2009

Access this archived audio

This audio is beneficial for frontline staff and anyone responsible for trust accounts at your credit union.

Affiliation with CUNA/League is required for attendance.

Mary-Lou Heighes, CUCE

Mary-Lou has been involved in the credit union movement since 1989. She has been involved in all areas of credit union operations: general operations, marketing, collections, lending and compliance. She is a CUNA Certified Credit Union Compliance Expert (CUCE) and is president of Compliance Plus, Inc., which provides strategic planning, training, compliance and consulting services to credit unions. Mary-Lou was the senior research and information consultant for the California/Nevada Credit Union League for seven years and since founding her company in 2000, has provided training for credit unions and leagues around the country. Prior to her tenure at the league, she spent five years in the credit union trenches.

The last day for cancellations was November 2, 2009. Substitutions are accepted anytime prior to the start of the program at no additional cost. Simply fax event and contact information, listing the new participant and who they will be replacing. Cancellation fees do not apply for free or complimentary programs.