Preparing your American Eagle FCU accounts for estate transfer involves two key steps: designating beneficiaries on each account and, where appropriate, retitling accounts into a trust. Because American Eagle FCU is a membership-based institution, trust retitling must maintain the membership eligibility requirement. Accounts with Payable on Death designations or trust ownership bypass probate entirely.

American Eagle FCU offers 9 accounts, each with its own transfer rules. The sections below cover how to set up beneficiaries, fund a trust, and which products support each approach.

American Eagle Everyday CheckingAmerican Eagle Interest CheckingAmerican Eagle Simple CheckingAmerican Eagle Personal SavingsAmerican Eagle Money Market AccountAmerican Eagle Certificate Account

1Visit any of American Eagle's 16 branch locations across Connecticut

2Request the Payable on Death (POD) beneficiary designation form

3Bring government-issued photo ID

4Provide full legal names and identifying information for each beneficiary

5All account owners must sign the form

Required Documents

Trust name, date established, and tax ID (EIN or SSN)

Special Requirements

POD designations apply to deposit accounts including checking, savings, money market, and certificates
A POD may not be designated on a Trust Account
IRA accounts use separate beneficiary designation processes
Beneficiaries cannot withdraw unless all persons creating the account die and the beneficiary is then living
If multiple beneficiaries are named and survive, they own the account in equal shares without right of survivorship
The person(s) creating the account may change beneficiaries, change account types, and withdraw all or part of funds at any time
Minors may be beneficiaries only if a parent, custodian, or legal guardian is set forth for the minor
Submitting a new POD designation replaces all prior beneficiary designations on the account