Estate planning at American Eagle FCU

Membership is open to anyone who lives, works, worships, or attends school in Hartford, Middlesex, Tolland, and New Haven counties in Connecticut, or Hampden County in Massachusetts. Individuals who work or have retired from the healthcare industry anywhere in Connecticut are also eligible. This healthcare eligibility was expanded through the merger with Wellness Federal Credit Union, completed June 2024.

Yes. American Eagle offers Traditional IRA, Roth IRA, and Education IRA accounts with a $500 minimum opening deposit and $1 minimum balance to obtain APY. IRA certificates are available with various terms. IRA accounts cannot be titled to a trust, but a trust can be named as the beneficiary on Traditional and Roth IRAs. IRA beneficiary designations are managed separately from deposit account POD designations.

American Eagle Financial Credit Union completed its merger with Wellness Federal Credit Union (WFCU) on June 30, 2024. Former Wellness FCU members became American Eagle members with access to all products and services, including 16 branch locations across Connecticut. The merger also expanded membership eligibility to include healthcare industry workers and retirees throughout the state of Connecticut.

Yes. American Eagle Investment Services, offered through LPL Financial, connects members with Investment Advisor Representatives who provide personalized plans covering legacy planning, education planning, retirement planning, and portfolio analysis. Life insurance products are also available through LPL Financial. Investment products are not NCUA insured and involve investment risk.

Yes. American Eagle deposit accounts are insured by the National Credit Union Administration (NCUA) up to $250,000 per depositor, per insured credit union. IRA accounts receive separate $250,000 NCUA coverage. Investment products offered through LPL Financial are not NCUA or FDIC insured and involve investment risk.