TOPIC: Trust Accounts

Managing Trust Accounts From Inception of Membership

Employee at a credit_union ($213MUSA)
This may sound simple, but I want your opinion from a compliance and best practices approach to managing TRUST accounts!

Member A "Trust" account is opened with two trustees on the Trust.  How do you set up account, in the name of the trust and the age for the Trust account is based on the date the Trust was established?  Or do you set up the Trust account and the first Trustee named on the trust would be reflected and the profile detail would be used for this trustee, age, email, contact detail, etc.


In review of our core data we have entries in several different ways, probably as a result of change of management over the years.
I appreciate your response.

Thanks, Sharron