A CUTMA Account (California Uniform Transfer to Minors Act Account) is designed to hold funds that are to be given to a minor as an irrevocable gift. The funds are used for the minors benefit and are to be used by the minor only.
- Minor is the sole owner of the account.
- Minor does not have the capacity to transact on the account.
- The Custodian is the only individual that is authorized to open, withdraw, close, or transact on the account.
For assistance with opening a CUTMA Account, please contact Altura Credit Union at 1-888-883-7228 or visit your local Altura branch.
A one-time membership fee applies for non-members.