Members Trust Company - Nationwide Branches

porteus | May 18, 2024

> How is it NCSECU and Members Trust Company share employees? IIRC, at my ncsecu brick-and-mortar branch in Hillsborough NC, the lady said in effect she had 2 jobs, and had 2 different business card, 2 paychecks, etc. One job was with the credit union, and when in that role, there was a little sign on her desktop saying "FDIC insured". The other job was with Members Trust, and when in that role, the sign had to be removed and she had to take other similar actions to ensure customers understood which of the 2 roles she was at any time. Apparently regulators do not tolerate any mis-representation. So I would think that when in the trustee role, they are working for and getting paid my Members Trust, not ncsecu.

Estaban Farstar | Jan 11, 2023

What do trust companies do that banks and credit unions can't do? How is it NCSECU and Members Trust Company share employees? Do all the credit unions involved with Members Trust share employees? The reason I ask relates to a trust my mother left for me at NCSECU/MembersTrust and I couldn't get a straight answer from the trustees even though the trustees worked for both companies.