Estate planning at Arrowhead CU

Yes. Existing deposit accounts (checking, savings, money market, share certificates) can be retitled to your revocable living trust. Visit an Arrowhead Credit Union branch with your Certification of Trust and trustee identification. The process does not require closing and reopening the account if the same SSN or EIN is used. IRA accounts cannot be retitled to a trust.

Membership is open through three main pathways: (1) joining an eligible association such as the Community Impact Fund or Surfrider Foundation (Arrowhead covers the association fee during enrollment), (2) being an immediate family member of an existing member in good standing, or (3) being an employee of a select employer group in the San Bernardino or Riverside County areas. A $4 entrance fee, $1 initial deposit, and minimum balance in an Arrowhead Savings account are required to establish membership.

Yes. The Holiday Club Savings account helps members save for holiday expenses throughout the year. Open with as little as $10. Set up automatic transfers from your checking account or direct deposit from your paycheck. Dividends are compounded monthly. Funds mature on November 1 each year and can be automatically transferred into your Arrowhead Checking account between November 1 and December 31. Withdrawals prior to November 1 may reduce earnings.

Yes. While IRA accounts cannot be retitled to a trust, you can name a revocable living trust as the beneficiary of your Traditional IRA, Roth IRA, or IRA Certificate at Arrowhead Credit Union. Visit a branch or call (800) 743-7228 to complete the IRA Beneficiary Designation form. In California (a community property state), spousal consent may be required when naming a trust or non-spouse beneficiary on an IRA.

To open or retitle a deposit account to your trust, bring a Certification of Trust (or the full trust agreement if no certification is available), valid government-issued photo ID for all trustees, and the trust Tax Identification Number (EIN) or grantor Social Security number. Any amendments to the original trust agreement should also be included. Visiting a branch in person is the most efficient method, as the representative can review documents and resolve questions on the spot.

Yes. Arrowhead Credit Union offers both Traditional IRA and Roth IRA savings accounts. Traditional IRA contributions may be tax-deductible and grow tax-deferred until withdrawal. Roth IRA contributions are made with after-tax dollars but qualified withdrawals in retirement are tax-free. Arrowhead also offers IRA Certificates with potentially higher dividend rates. Call (800) 743-7228 or visit a branch to open an IRA.