How does NCUA share insurance work for revocable trust accounts?
At federally insured credit unions like Quorum, revocable trust accounts are part of an NCUA share insurance ownership category tied to trust accounts.
Coverage depends on factors such as the account structure, the owner, the beneficiaries, and how the account is titled. Because trust coverage can be technical, members should review official NCUA guidance or use the NCUA Share Insurance Estimator for their specific situation:
Trusts are typically established with the help of a legal professional. Quorum does not provide legal or tax advice. We recommend consulting with your attorney or other professional to determine what's appropriate for your situation. You need to review a strategy for your own particular circumstances that takes into account the applicable laws in your state before making any decisions.
This material is intended for general, informational and educational, purposes only and is subject to change based on a person's circumstances or changes in the law. The accuracy, completeness or reliability of the information provided is not guaranteed.