What to do when a St. Mary's CU account holder dies

An authorized signer's authorization on an individual account terminates automatically at the owner's death.¹

On a "Joint Account With Survivorship", the balance belongs to the surviving owner or owners.¹

On a "Revocable Trust Account" (an account held in trust for another), payment may be made to the person for whom the trust was made, or that person's legal representative.¹

Accounts may be opened and maintained by executors, administrators or conservators under court orders.¹

The Terms and Conditions say that in certain circumstances, such as the death of an owner, the law permits or in some cases requires waiver of the early withdrawal penalty.¹

Some requests on former MetroWest Community FCU accounts, until the systems conversion²

Investment and annuity accounts, held with LPL or its affiliates, separate entities from the credit union³

The Terms and Conditions require prompt notice when any person with a right to withdraw funds from an account dies.¹

Until the credit union knows of the death and has had a reasonable opportunity to act on it, it may continue to honor checks, items and instructions.¹

It may pay or certify checks drawn on or before the date of death for up to ten days after the death, unless someone claiming an interest in the account orders a stop payment.¹

Former MetroWest Community FCU accounts run on a separate system until the January 31, 2027 systems conversion. Some requests may require the MetroWest team at 200 Concord Street, Framingham.²

Notary and signature guarantee services are listed among teller services, with no fee for either in the Consumer Schedule of Fees.^{4, 5}