Invest & Plan
Learn about the Retirement & Investment Center located inside Dow Credit Union. Learn More
Insurance
Enjoy exclusive savings on insurance through our trusted partners—Liberty Mutual® and TruStage™—with discounted plans:
- Accidental Death and Dismemberment
- Life Insurance
- Auto Insurance
- Home Insurance
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Deposit Trust Accounts
Open an account titled in the name of your Revocable Trust
Trusts give legal instructions regarding how the grantor’s1 property and assets will pass to beneficiaries. The assets/funds are managed by the trustee. Prior to applying for a Deposit Trust Account at Dow Credit Union, a Revocable Trust agreement drawn up by a licensed attorney is required.
To open a deposit account owned by a trust at least one of the grantors of the trust must also establish an individual membership at Dow Credit Union. The trust grantor must also be named the trustee (settlor - trustee) of the trust. This means the member has created the trust and can also manage it during his/her lifetime.
The application process may be initiated by calling our Member Contact Center or visiting our Account Services Department, along with providing the following:
- A copy of your Certificate of Trust Existence and Authority or the first and last pages (signature pages) of your trust document (with a Social Security or Tax ID number)
- A completed Agreement to Facilitate form (contact us for a copy). It is important that the information you provide on this form mirrors your trust document as it will be used by the credit union to manage your trust account. The Agreement to Facilitate form requires notarization and must be signed by all grantors and trustees. Trustees must sign as follows: your signature, Trustee
- A copy of a current government issued picture ID, i.e., driver’s license (front & back) for all grantors and trustees
- The original or certified death certificate(s) if anyone named in the Trust title is deceased
- Any amendments to the original Trust Agreement
These documents may be submitted by mail or in person. Upon receipt of the required documents by mail, a representative will contact you to complete the account opening process.
- Person who establishes the trust
Build Your Trust Account
This revocable trust account includes access to the following accounts and services:
- Prime Savings
- Checking
- Secondary Savings
- Premium High Yield
- Certificates of Deposit
- ATM Cards
- Debit Cards
- Online Banking and Mobile Banking
- Bill Pay Services
To learn more about Trust Accounts, call 800.835.7794 or reach out. Contact Us
HSA Investment Options
The credit union offers a variety of investment options for your HSA:
Health Savings Accounts (HSAs)
Dow Credit Union Health Savings Accounts are specifically for individuals and families enrolled in a High-Deductible Health Plan as defined by the United States Internal Revenue Service (IRS) or who have funds in a previously existing Health Savings Account.
If you have questions regarding whether your health plan qualifies for HSA contributions, please contact your plan administrator.
Our members with eligible HSA plans will have:
- Potential to build more savings through investing. Members can choose from a variety of HSA self-directed investment options.
- A tax-advantaged savings account that they can use to pay for eligible medical expenses as well as deductible, co-insurance, prescriptions, vision, and dental care.
- Unused funds that will roll over year to year. There’s no “use it or lose it” rule.
- A transactional HSA checking account with an HSA Visa® Debit Card specifically for easy payment from your HSA.
- Additional retirement savings. After age 65, funds can be withdrawn for any purpose without penalty but may be subject to income tax if not used for qualified medical expenses.
Contribution and withdrawal limitations, qualified medical expenses, tax advantages, and other investment advice should come from a qualified tax professional or financial advisor.