For 1 thing, credit unions are not set up for trusts of any kind. When I became the death trustee for my father’s living trust when he passed, I had to set a trust account which no credit union could do so I had to go to a bank. I chose a small local bank who helped me with the paperwork. Also my credit union was very sneaky. First of all they would put holds on every check I received over $500 even though I had been banking with them for years AND I had enough funds to cover any checks I received AND I had never deposited any checks into the account that bounced so there was no reason for any holds. In addition, I set up bill pay for one of my loans (not automatic) and once I paid it off, I did not use the bill pay. Next thing I know, they charged me a fee for not using the bill pay. I sold a car and received a check from Carvana which they also wanted to hold for days. They were just difficult on all counts. Once I had opened the bank account, after 30 days, there were no holds on any deposits.
