Tyndall Federal makes the responsibility of planning for the future of your family a little easier by providing a basic Revocable Living Trust Account for our members.

This type of account provides for funds to be distributed directly to a designated beneficiary upon the death of an account owner.  Although funds in a Revocable Living Trust Account are intended for a specified beneficiary at a future time, the account is revocable - the person who established the Trust Account (Trustee) may change his or her mind at any time and retains complete control over the account.  The beneficiary only has access to the funds in the event of the death of the account owner(s).

In addition, Tyndall Federal now offers Irrevocable Living Trust Accounts as well. This type of Trust is created by the Settlor, but that person has no access to the funds in the account once the Trust has been established.
 
In order for you to place your Tyndall Federal accounts into a Living Trust Account, you must provide us with documentation showing the parties to the Trust.  Tyndall Federal Credit Union does not administer the Trust, but we will place any or all of your accounts with us (except IRAs) under the Living Trust for proper disbursal at a later date.  You may place most types of accounts (Checking, Money Market, etc.) under the Revocable Living Trust, but loans and IRAs must remain under a separate member number.

If you are interested in opening a Trust Account, or just want additional information about Tyndall Federal Trust Accounts, please call us at (850) 747-4300 or at 888-896-3255 toll-free. You may also send us a secure e-mail request through Online Banking.