How to name beneficiaries and fund a trust at America First
Covers 14 deposit, 6 retirement, and 2 investment accounts — beneficiaries must be updated in-branch
America First Credit Union, P.O. Box 9199, Ogden, UT 84409
America First Trust Advisors (Members Trust Company)
Trust Services -- Deceased Member Account Counseling / Estate Settlement
America First Credit Union, P.O. Box 9199, Ogden, UT 84409
The goal with your America First accounts is to make sure every account has a transfer mechanism in place—either a POD beneficiary designation or trust ownership. Because America First is a membership-based institution, trust retitling must maintain the membership eligibility requirement. Accounts without either one will require probate, which means court involvement and delays for your family.
Across 22 product types, America First accounts vary in how they transfer at death. The sections below walk through Payable on Death (POD) designations, trust funding options, and which products support each method.
- Legal name, date of birth, SSN/ITIN, relationship to member, email, phone numbers, and physical/mailing address
- The form has room for multiple PODs across its two pages
Required Documents
- Trust name, date established, and tax ID (EIN or SSN)
Special Requirements
- Only members may sign to add or change a POD (AFCU Form #40)
- A new POD designation supersedes any previous designation on the account
- All joint owners must sign when adding a POD to a minor member account
- AFCU Form #40 does not designate PODs for IRA accounts -- use AFCU Form #424
- To designate a trust as the payable on death, use AFCU Form #211 rather than Form #40
- Per Membership Agreement Section 5, POD designations do not apply to IRA, HSA, Coverdell Education Savings, or certificate accounts -- each is governed by a separate beneficiary designation
- In the absence of a POD beneficiary on a certificate account, the POD designation on the share savings account governs that certificate
- Accounts payable to more than one POD beneficiary are owned jointly by those beneficiaries with rights of survivorship (Membership Agreement Section 5)
- The credit union has no obligation to notify a POD beneficiary of the existence of an account or the vesting of their interest, except as required by law
Sources
Data sourced from America First primary sources (15 pages reviewed). How we research.
Download these America First instructions
Download instructions for the whole estateA printable PDF with the steps, required documents, and contact details — verified against America First primary sources. Bring it to the branch or keep it beside the phone.
America First Credit Union, P.O. Box 9199, Ogden, UT 84409
America First Trust Advisors (Members Trust Company)
Trust Services -- Deceased Member Account Counseling / Estate Settlement
America First Credit Union, P.O. Box 9199, Ogden, UT 84409
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