MEMBERS® Trust Company
History and Mission
Since 1987, MEMBERS Trust Company has been providing trust and investment services to members and their families. Credit unions across America pooled their resources to form MEMBERS Trust Company with the mission of creating a professional trust and investment company that would exist for the benefit of members and not individual stockholders. Management and staff of MEMBERS Trust Company are charged with a corporate mandate from MEMBERS Trust Company’s credit union owners to look after and protect your best interest. In today's time of broken promises and uncertainty, it is good that credit unions formed a company dedicated to you and not Wall Street or private stockholders.
Members have the opportunity to utilize SECU Trust Services through MEMBERS Trust Company to manage trust assets and oversee the distributions on behalf of beneficiaries. At a low-cost, annual tiered fee of 1.00%1
, with a minimum fee of $900, and a minimum account opening balance of $100,000, these services are available to most SECU members.
As a corporate trustee, we place a high priority on applying the “Golden Rule” to the people we serve. We want to understand the “whole story” and to never lose sight of the fact that someone's loved ones are relying on both our professional competency and capacity to care. The question we ask ourselves is: “How would we want our loved one to be treated by a corporate trustee?”
MEMBERS Trust Company’s owners, America's credit unions with over $80 billion in assets, provide the financial strength and strategic direction for MEMBERS Trust Company. From these owners, MEMBERS Trust Company derives its Credit Union philosophy to serve members and leverages the resources of Credit Unions with over 20 offices across the United States. So, if you move to a different part of the country, it is likely you will find a MEMBERS Trust Company office.
MEMBERS Trust Company is truly a unique financial institution. Chartered and regulated by the Office of Comptroller of the Currency as a special purpose saving bank, MEMBERS Trust Company is owned and managed by not-for-profit credit unions. One could describe our objective as a hybrid with the goal of making a profit while providing the financial advice, investments and other services under a cooperative umbrella of credit unions at the lowest cost possible and always in your best interest.
Trust Services offered through MEMBERS Trust Company, a federal thrift regulated by the Office of the Comptroller of the Currency. Trust products are not credit union deposits, are not insured by the NCUA or any other federal government agency, are not obligations of or guaranteed by the Credit Union, MEMBERS Trust Company or any affiliated entity, and involve investment risks, including the possible loss of principal. The material above is for educational purposes only and is not intended to provide legal or tax advice regarding your situation. For legal or tax advice, please consult your attorney and/or tax professional.
1The tiered fee schedule offered by SECU Trust Services is 1.00% on the first $1,000,000 of assets; .85% on the next $2,000,000 of assets; and .60% on assets above $3,000,000. MEMBERS Trust Company may charge fees for extraordinary services including estate settlement services with a trust.