My father passed away in 1974 and I recently found out that he had funds that are held in trust at his credit union. When I contacted them, they said that they were not obligated to answer any questions and just took copies of my mother's and his death certificates. How should I go about finding out more about this account and recovering the funds? How long can they hold his accounts in trust? Is what they are doing legal?
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Once the credit union determines that the accounts now belong to you (assuming that's what will happen), you'll be able to get the money. You should also get an accounting of what, if anything, happened to the account in the last 30-plus years.
It's often not easy to dig up records on accounts that have sat idle for such a long time. It's also possible that the credit union had to turn the account over to the state under state unclaimed property laws. Give them some time to complete an investigation. If you haven't heard from them in a couple of weeks, call to check on things.
You can also check with your state's Treasurer's Office. That's normally where unclaimed property is handled once the state has it.
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Once the credit union determines that the accounts now belong to you (assuming that's what will happen), you'll be able to get the money. You should also get an accounting of what, if anything, happened to the account in the last 30-plus years.