Preparing your Blue FCU accounts for estate transfer involves two key steps: designating beneficiaries on each account and, where appropriate, retitling accounts into a trust. Because Blue 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.

Blue FCU offers 17 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.

NOVA Perks Elite CheckingNOVA Perks Premium CheckingBasic CheckingMembership Share SavingsAccelerated SavingsSky High SavingsVista High Yield SavingsTerm Share Certificate30-Month Expandable Term ShareBump-Up Term ShareMarket Index Term ShareuAccount Youth CheckingHealth Savings Account (HSA)Christmas Club Savings

1Visit any Blue FCU branch location in Wyoming or Colorado

2Bring government-issued photo ID

3Request a POD (Payable on Death) beneficiary designation form for deposit accounts

4For IRA accounts, request the separate IRA beneficiary designation form

5Provide each beneficiary's full legal name, Social Security number, date of birth, and relationship

6Designate primary and contingent beneficiaries with percentage allocations

7Sign and submit the completed form

Required Documents

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

Special Requirements

POD designations available for deposit accounts (checking, savings, term share certificates)
IRA accounts require a separate beneficiary designation; POD is not applicable to IRAs
Under Wyoming Uniform Probate Code (WY Stat 2-6-101 et seq.), POD designations cause funds to pass directly to surviving beneficiaries, bypassing probate
Online beneficiary designation is not available; must use branch, phone, or mail
A trust may be named as POD beneficiary on deposit accounts
NCUA coverage up to $250,000 per POD beneficiary