How to protect 9 Brooklyn Coop accounts — manage beneficiaries in-branch, fund a trust in-branch, and file death claims
Brooklyn Cooperative Federal Credit Union, 1368 Fulton Street, Brooklyn, NY 11216
Brooklyn Cooperative Federal Credit Union, 1368 Fulton Street, Brooklyn, NY 11216
Member Services (deceased-member accounts)
Brooklyn Cooperative Federal Credit Union, 1368 Fulton Street, Brooklyn, NY 11216
Brooklyn Coop is a credit union offering 9 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: Bushwick (1308 Myrtle Ave, Brooklyn, NY 11221), Bed-Stuy (1368 Fulton St, Brooklyn, NY 11216), and East New York (282 Chestnut St, Brooklyn, NY 11208). 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.
There are two sides to estate planning at Brooklyn Coop: setting things up while you're alive, and the process survivors follow after a death.
Preparing your estate
How to update beneficiaries in-branch, fund a trust in-branch, and review 9 account types at Brooklyn Coop.
View details →When someone dies
6-step process, 5 required documents, and contact information for survivors.
View details →Because Brooklyn Coop serves a limited number of states, procedures for trust funding and beneficiary changes may differ depending on your location. Verify availability before starting.
Yes. Brooklyn Coop deposit accounts (Simple Savings, checking, share certificates, and the High Yield Club) can be retitled into a revocable living trust or opened as trust accounts. Because Brooklyn Coop is a small community development credit union that does not publish detailed trust procedures online, visit a branch with the full trust agreement or a certification of trust, government-issued ID for all trustees, and the trust's Tax ID Number (SSN or EIN), or call (718) 418-8232 first to confirm requirements.
No. Brooklyn Coop does not offer IRAs, money market, or investment/brokerage accounts, so there are no beneficiary-only retirement accounts to designate here; estate planning centers on POD beneficiaries and trust retitling of the deposit accounts (savings, checking, share certificates, and the High Yield Club). Life insurance is available through TruStage (CMFG Life Insurance Company), which carries its own separate beneficiary designation.
Data sourced from Brooklyn Coop primary sources (14 pages reviewed). How we research.
Brooklyn Cooperative Federal Credit Union, 1368 Fulton Street, Brooklyn, NY 11216
Brooklyn Cooperative Federal Credit Union, 1368 Fulton Street, Brooklyn, NY 11216
Member Services (deceased-member accounts)
Brooklyn Cooperative Federal Credit Union, 1368 Fulton Street, Brooklyn, NY 11216
Learn how to protect your Brooklyn Coop accounts and other assets with trusts, beneficiary designations, and estate planning documents.
Learn how to protect your Brooklyn Coop accounts and other assets with trusts, beneficiary designations, and estate planning documents.