Estate planning at Brooklyn Coop
How to protect 8 Brooklyn Coop accounts — manage beneficiaries in-branch, fund a trust in-branch, and file death claims
Phone1-718-418-8232
Emailinfo@brooklyn.coop
Mailing Address
Brooklyn Cooperative Federal Credit Union, 1368 Fulton Street, Brooklyn, NY 11216
WebsiteLearn more →
Phone1-718-418-8232
Emailinfo@brooklyn.coop
Mailing Address
Brooklyn Cooperative Federal Credit Union, 1368 Fulton Street, Brooklyn, NY 11216
WebsiteLearn more →
Death Claims
Phone(718) 418-8232
Emailinfo@brooklyn.coop
Mailing Address
Brooklyn Cooperative Federal Credit Union, 1368 Fulton Street, Brooklyn, NY 11216
Verified Mar 2026
Brooklyn Coop is a credit union offering 8 accounts that interact with estate planning in different ways. As a membership-based credit union, Brooklyn Coop membership limited to individuals who live, work, worship, operate a business, or belong to a community organization in specific Brooklyn and Queens neighborhoods: Bushwick, Bedford-Stuyvesant, Crown Heights, East New York, Brownsville, and Ridgewood (Queens). Family members of existing members also qualify. Must be at least 14 years old for an individual account; children under 14 must be on an account with an adult. Branches: Bed-Stuy (1368 Fulton St), East New York (282 Chestnut St), and Bushwick (1308 Myrtle Ave, opened Feb 2026). Understanding how each account transfers at death—and which ones a trust can hold—helps families avoid probate delays and unintended outcomes.
Brooklyn Coop handles beneficiary designations in branch. Accounts can also be retitled into a trust to keep them out of probate entirely.
Brooklyn Coop provides specific procedures for both proactive estate planning and filing claims after a death.
Preparing your estate
Beneficiaries and trust funding
How to update beneficiaries in-branch, fund a trust in-branch, and review 8 account types at Brooklyn Coop.
View details →When someone dies
Death claim process
7-step process, 5 required documents, and contact information for survivors.
View details →Brooklyn Coop operates in select states, so estate planning procedures may vary by location. Confirm availability in your state before initiating trust funding or account changes.
Frequently asked questions
Brooklyn Cooperative is a federally chartered credit union (NCUA Charter #24642) and is authorized to hold trust accounts. Contact the credit union at (718) 418-8232 or visit a branch with your trust agreement or certification of trust, government-issued ID for all trustees, and the trust's Tax ID Number. Existing accounts can be retitled into the trust name.
Membership is open to individuals who live, work, worship, operate a business, or belong to a community organization in specific Brooklyn and Queens neighborhoods: Bushwick, Bedford-Stuyvesant, Crown Heights, East New York, Brownsville, and Ridgewood (Queens). Family members of existing members also qualify. You must be at least 14 years old for an individual account. A one-time $25 nonrefundable membership fee and $5 membership share ($30 total initial deposit) are required to join.
The High Yield Club is a hybrid CD/savings product where deposits are locked but members can add funds at any time. Balances up to $100,000 earn 4.02% APY, and balances above $100,000 earn 2.02% APY. Like other deposit accounts, the High Yield Club is eligible for POD beneficiary designations and can be retitled to a trust.
Brooklyn Cooperative does not currently offer IRA, money market, or investment/brokerage accounts. The credit union focuses on core deposit products including savings, checking, share certificates, and the High Yield Club account. Life insurance products are available through TruStage (CMFG Life Insurance Company).
Brooklyn Cooperative offers 3-month, 6-month, and 12-month share certificates with a $500 minimum deposit. As a credit union, these function like CDs but earn dividends instead of interest. Share certificates can have POD beneficiary designations and can be retitled to a trust. Early withdrawal penalties apply.
Brooklyn Cooperative has branches in Bed-Stuy (1368 Fulton Street, Brooklyn, NY 11216) and East New York (282 Chestnut Street, Brooklyn, NY 11208), with a new location at 1308 Myrtle Ave in Bushwick (opened February 2026, replacing the former 1474 Myrtle Ave location). Bed-Stuy hours: Mon-Tue and Fri 9am-4pm, Wed 9am-2pm, Thu 9am-6pm, Sat 9am-2pm. East New York hours: Wed 9am-2pm, Thu-Fri 9am-4pm, Sat 9am-2pm (closed Mon-Tue). Contact (718) 418-8232 for current hours at all locations.
Brooklyn Cooperative accounts are federally insured by the National Credit Union Administration (NCUA) up to $250,000 per individual depositor. Joint accounts and trust accounts may qualify for additional coverage based on the number of beneficiaries. Brooklyn Cooperative is NCUA Charter #24642.
Phone1-718-418-8232
Emailinfo@brooklyn.coop
Mailing Address
Brooklyn Cooperative Federal Credit Union, 1368 Fulton Street, Brooklyn, NY 11216
WebsiteLearn more →
Phone1-718-418-8232
Emailinfo@brooklyn.coop
Mailing Address
Brooklyn Cooperative Federal Credit Union, 1368 Fulton Street, Brooklyn, NY 11216
WebsiteLearn more →
Death Claims
Phone(718) 418-8232
Emailinfo@brooklyn.coop
Mailing Address
Brooklyn Cooperative Federal Credit Union, 1368 Fulton Street, Brooklyn, NY 11216
Verified Mar 2026
Estate planning resources for Brooklyn Coop customers
Tools and documents to help protect your Brooklyn Coop accounts.
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