KRS 286.6-575: Trustee or custodian.

(1) A credit union may act as trustee or custodian of:

(a) Individual retirement accounts authorized by federal or state law;

(b) Pension funds of self -employed individuals or of a company or organization

sponsoring the credit union; or

(c) Other similar retir ement or pension plans, with authorization from the

commissioner.

(2) A credit union may act as trustee under pension and profit -sharing plans with

authorization from the commissioner.