How to name beneficiaries and fund a trust at American Eagle FCU
Covers 6 deposit, and 3 retirement accounts — beneficiaries must be updated in-branch
Member Contact Center
American Eagle Financial Credit Union, PO Box 280128, East Hartford, CT 06128-0128
Member Contact Center
American Eagle Financial Credit Union, PO Box 280128, East Hartford, CT 06128-0128
Member Contact Center
American Eagle Financial Credit Union, PO Box 280128, East Hartford, CT 06128-0128
The goal with your American Eagle FCU accounts is to make sure every account has a transfer mechanism in place—either a POD beneficiary designation or trust ownership. Because American Eagle FCU 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.
Each of American Eagle FCU's 9 accounts has different rules for how it transfers at death. The sections below explain the options for each.
- Government-issued photo ID
- Full legal names and identifying information for each beneficiary
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
- American Eagle treats Revocable Trust and Pay-On-Death accounts as a single ownership-and-beneficiary category on its account records (per the Member Account Information Disclosure)
- 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
Sources
Data sourced from American Eagle FCU primary sources (21 pages reviewed). How we research.
Download these American Eagle FCU instructions
Download instructions for the whole estateA printable PDF with the steps, required documents, and contact details — verified against American Eagle FCU primary sources. Bring it to the branch or keep it beside the phone.
Member Contact Center
American Eagle Financial Credit Union, PO Box 280128, East Hartford, CT 06128-0128
Member Contact Center
American Eagle Financial Credit Union, PO Box 280128, East Hartford, CT 06128-0128
Member Contact Center
American Eagle Financial Credit Union, PO Box 280128, East Hartford, CT 06128-0128
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