X

Thank you for sharing!

Your article was successfully shared with the contacts you provided.

WINSTON-SALEM, N.C. – Nearly a month after Tampa-based Suncoast Schools Federal Credit Union and CUNA Mutual Group received regulatory approval to open a national trust company, Truliant Federal Credit Union is in the process of setting up one of the first representative office. Through MEMBERS Trust Co., Truliant will offer an array of financial planning services to its 200,000 members through its rep office, which is scheduled to open by the end of August. With $800 million in assets, Truliant is one of the largest credit unions in the state. Trust officials say at least twelve credit unions are slated to have an established agency office or representative office by the end of 2003. MEMBERS Trust will offer credit unions two operational options: an agency office, which can take up to 90 days to open, establishes a trust presence in a particular state and requires a trust officer to be physically located in a credit union; and a representative office which, can take up to 30 days to launch, entails an extension of the credit union’s existing financial services program. The latter option does not require hiring a trust officer but will utilize the services of trained representatives to consult and make recommendations for trust services.

Complete your profile to continue reading and get FREE access to CUTimes.com, part of your ALM digital membership.

Your access to unlimited CUTimes.com content isn’t changing.
Once you are an ALM digital member, you’ll receive:

  • Critical CUTimes.com information including comprehensive product and service provider listings via the Marketplace Directory, CU Careers, resources from industry leaders, webcasts, and breaking news, analysis and more with our informative Newsletters.
  • Exclusive discounts on ALM and CU Times events.
  • Access to other award-winning ALM websites including Law.com and GlobeSt.com.

Already have an account?

 

Credit Union Times

Join Credit Union Times

Don’t miss crucial strategic and tactical information necessary to run your institution and better serve your members. Join Credit Union Times now!

  • Free unlimited access to Credit Union Times' trusted and independent team of experts for extensive industry news, conference coverage, people features, statistical analysis, and regulation and technology updates.
  • Exclusive discounts on ALM and Credit Union Times events.
  • Access to other award-winning ALM websites including TreasuryandRisk.com and Law.com.

Already have an account? Sign In Now
Join Credit Union Times
Live Chat

Copyright © 2022 ALM Media Properties, LLC. All Rights Reserved.