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Estate Retirement

In the event of a death of an individual account member, their Capital Credits become payable. In the event of the death of one member on a joint account, that individual's proportionate share of Capital Credits becomes payable.

In either case, we require:

  • A copy of the death certificate
  • A copy of Personal Representative Appointment papers (if an estate)
  • An Indemnity Bond (if no estate)

Once the necessary paperwork has been received, the request for Capital Credit payment is approved at the next monthly board meeting. A check will then be prepared as instructed.

The Indemnity Bond:

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