Credit union trust accounts get one insurance rule: $250,000 per beneficiary, up to five
Federal share insurance treats revocable and irrevocable trust accounts the same way: a grantor's trust funds at each credit union are covered up to $250,000 per beneficiary for up to five beneficiaries, or $1.25 million at most. Before, a trust naming more than five beneficiaries was sometimes covered for more.
Who it affects
Credit union members with trust accounts, and federally insured credit unions
When
The changes described here start on December 1, 2026.
- : Published in the Federal Register
- : The changes described here start to apply
Official text
FR Doc. 2024-21888: Simplification of Share Insurance Rules
On Federal Register. The official text is what counts; read it before you act.
Not legal advice. Plain-English summaries to help you find what changes and when. Not legal advice: read the official text, and ask a lawyer about your situation.