Estate planning at Atlantic FCU

IRA accounts require a separate IRA Beneficiary Designation form, which is different from the POD designation used for deposit accounts. Contact Atlantic FCU at (800) 834-0432 or visit a branch to request the IRA beneficiary form. Atlantic offers Traditional, Roth, SEP, and Coverdell Education Savings Account IRAs, each requiring its own beneficiary designation.

Yes. Atlantic FCU's Consumer Account Fee Schedule confirms trust accounts are available. Bring your trust agreement or certification of trust to any branch along with government-issued ID for all trustees and the trust's Tax ID Number (SSN or EIN). Existing accounts can be retitled into the trust name, or new accounts can be opened in the trust name. Eligible trust products include checking, savings, money market, and certificate accounts.

Kasasa Cash earns high dividends (up to 5.00% APY Premier or 2.50% APY Standard) on balances up to $15,000 when monthly qualifications are met. Kasasa Cash Back earns 2.50% cash back on up to $250 in monthly debit card purchases (up to $75 annually). Both require at least 1 direct deposit/ACH/Bill Pay transaction, eStatement enrollment, and 12+ debit card purchases per month to qualify. Both have no monthly fees and ATM fee refunds up to $25/month.

Membership is open to individuals who live, work, worship, or attend school in Androscoggin, Cumberland, Sagadahoc, or York County in Maine. Family members of existing members and businesses or organizations in these counties are also eligible. Once a member, membership is retained for life even if the qualifying relationship changes. A $25 minimum deposit to a Member Savings Account establishes membership.

Yes. Atlantic Financial Services, a credit union service organization wholly owned by Atlantic FCU, offers investment planning, retirement planning, education funding, mutual funds, stocks and bonds, guided wealth portfolios, tax planning, and estate planning. Services are provided through LPL Financial (Member FINRA/SIPC) and Northeast Planning Associates, Inc. Investment products are not NCUA insured and may lose value. Contact Atlantic Financial Services at (207) 373-5124 or (888) 888-3940.

Share Certificates are available with terms from 3 months to 5 years with fixed rates. Minimums are $100 for the 3-month term and $500 for all others. The 5-year certificate includes a one-time Step-Up rate increase option, and the 18-month Rippling Wave certificate allows supplemental deposits. IRA options include Traditional, Roth, SEP, and Coverdell ESA, each available as IRA savings or IRA certificate. No minimum deposit or setup fees for IRAs.