Compliance Question of the Week

Who can open an estate account? The Compliance Question of the Week finds the answer is different for state chartered credit unions depending on whether they’re in Oregon or Washington.

Compliance Question of the Week

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?

Compliance Question of the Week

Is a will naming someone as the executor of the estate enough to allow access to the deceased member’s account?