CUNA released the following article, which provides good insight into credit unions’ responsibilities when it comes to returning federal payments.
What happens if the person who is renting a safe deposit box dies?
Can a business have a beneficiary?
We have a member that has been missing for a long time. No one has been able to locate him, and now his family wants to close his accounts. What should we do?
Regarding death of member account. We have the executor of the estate of our deceased member in to close the account. However, this account has a beneficiary, so the funds in this particular account go to the beneficiary; but can we give that information to the executor?
We had a member who lived in Utah when he passed away. His personal representative has letters of testamentary granted from Utah. Can we turn over the assets to the personal representative based on those letters?
We received a Notice of Reclamation from the Social Security Administration… but the member is still alive. In fact, he’s standing right in front of me. What should I do?
How should I title an inherited IRA?
What happens if the person who is renting a safe deposit box dies? Who has access?
Should a deceased memberâ€™s account(s) continue to earn dividends?