Cooperative Funeral Fund, Inc. offers pre-need trust services utilizing Citigroup Institutional Trust as the Escrow Agent/Trustee. The trust offers the security of 100% United States Government backed investments. Citigroup Institutional Trust is part of Citigroup, Smith Barney and Citibank, N.A. the largest financial institution in the United States.
A pre-need trust account with Cooperative Funeral Fund, Inc. provides the following benefits:
- Complete compliance with all State and Federal Legislation and Regulations.
- Personalized Trust Forms
- Receipt letters for each trust placed with CFF
- Annual letter to client
- 100% United States Government backed investments
- Competitively high earnings on client funds
- Preparation and filing of all necessary tax forms
- Timely payments of death claims; either electronically deposited into your bank account or mailed to you in check form
- Concise monthly statements showing each account for each beneficiary as well as the funeral home totals: beginning balance, deposits, interest earned, credits, fees and ending balance
- On-line access to statement balances and trust details as well as the ability to print Pre-need Agreements and Claim Forms through www.CFFHomes.com
- Confirmation correspondence with the Department of Social Services
All funds deposited in the CFF system at Citigroup Institutional Trust are placed in financial instruments which are guaranteed; either by the Federal Deposit Insurance Corporation, or directly by the United States Government.
