Divorce or Separation

As Your Trusted Neighbor™, Northeast Credit Union understands the financial challenges surrounding the end of a relationship. NECU works with couples who are going their separate ways to make any necessary changes to their NECU accounts.

The first step is to take an inventory of all your NECU account holdings, assets, and liabilities. These may include...

Savings and Checking Accounts: Joint accounts need to be closed, assets need to be distributed, and new accounts opened for individuals. Beneficiaries on savings accounts need to be updated. Please visit our Savings Accounts and Checking Accounts pages to see what NECU offers.

Investments, Retirement Accounts, and Life Insurance: Long-term financial plans need to be changed to reflect each individual's new path in life. Beneficiaries need to be updated on investments, retirement plans, and life insurance policies. See our Investment and Insurance Services¹ page.

Loans and Credit Lines: Mortgages, auto loans, personal loans, home equity loans and lines of credit, credit cards -- any lending account bearing both parties' names will need to change. See our Lending page for products.

Visit our Financial Education Center to learn more about Money Management. A good starting point is the excellent article on "Bouncing Back Financially from a Divorce." 

The end of a relationship may be a sad thing, but it also signals a new beginning. We can help you sort out the financial details in regards to your NECU accounts.

Contact a Northeast Credit Union member service representative today.