How to name beneficiaries and fund a trust at Black Hills FCU
Covers 9 deposit, and 4 retirement accounts — beneficiaries must be updated in-branch
Member Services
Black Hills Federal Credit Union, P.O. Box 1420, Rapid City, SD 57709
Member Services
Black Hills Federal Credit Union, P.O. Box 1420, Rapid City, SD 57709
Member Services - Death Claims
Black Hills Federal Credit Union, P.O. Box 1420, Rapid City, SD 57709
Estate planning at Black Hills FCU means getting each account set up so it transfers automatically when you die—either through a POD beneficiary or trust ownership. Because Black Hills FCU is a membership-based institution, trust retitling must maintain the membership eligibility requirement. Without one of these in place, accounts may require probate before your family can access the funds.
Black Hills FCU offers 13 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.
- Full legal name
- Date of birth
- Social Security number
- Relationship to account owner
Required Documents
- Trust name, date established, and tax ID (EIN or SSN)
Special Requirements
- POD available for deposit accounts (checking, savings, money market, certificates)
- If two or more beneficiaries are named and survive the death of the owner(s), beneficiaries own the account in equal shares with right of survivorship
- The credit union is not obligated to notify any beneficiary of the existence of the account or the vesting of the beneficiary's interest
- Youth accounts are not eligible for POD designations
- IRA and HSA accounts require separate beneficiary designations
- Trusts can be named as POD beneficiaries on eligible deposit accounts
- NCUA coverage up to $250,000 per POD beneficiary
Sources
Data sourced from Black Hills FCU primary sources (20 pages reviewed). How we research.
Download these Black Hills FCU instructions
Download instructions for the whole estateA printable PDF with the steps, required documents, and contact details — verified against Black Hills FCU primary sources. Bring it to the branch or keep it beside the phone.
Member Services
Black Hills Federal Credit Union, P.O. Box 1420, Rapid City, SD 57709
Member Services
Black Hills Federal Credit Union, P.O. Box 1420, Rapid City, SD 57709
Member Services - Death Claims
Black Hills Federal Credit Union, P.O. Box 1420, Rapid City, SD 57709
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