Estate planning and settlement at Abound CU

How your Abound CU accounts transfer at death depends on how each one is set up. As a membership-based credit union, Abound CU headquartered at 3939 S. Dixie Highway, Radcliff, Kentucky 40160 (member mail goes to PO Box 900, Radcliff, KY 40159) with 13 branch locations across central and southern Kentucky: Bardstown, Bowling Green (Gary Farms Branch), Brandenburg, Campbellsville, Danville, Elizabethtown (Ring Road Branch), Fort Knox (Pershing Branch), Glasgow, Hodgenville, Leitchfield, Louisville (Valley Station Branch), Radcliff, and Shepherdsville. Membership open to those who live, work, worship, attend school, or do regular business in certain areas of Kentucky; employees of Select Employer Groups; and active duty military, Reserve, Guard, civil service employees, retired military or civil service, and contractors attached to the post at Fort Knox. $15 initial requirement ($5 share + $10 one-time non-refundable membership fee). Must be at least 18 years old to join online. Because there are no branches outside Kentucky, an out-of-state executor or successor trustee settles these accounts by phone at 800.285.5669 and by mail to PO Box 900. The Membership Agreement is construed under the laws of the State of Kentucky. Routing number: 283978425. NMLS #402678. With 17 account types, the transfer rules vary—getting the right designations in place now prevents delays and court involvement later.

At Abound CU, beneficiary designations are managed in branch and by phone. Accounts can also be retitled into a trust to keep them out of probate entirely.