Estate planning at Brooklyn Coop
How to protect 9 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→
Member Services
Phone(718) 418-8232
Emailinfo@brooklyn.coop
Mailing Address
Brooklyn Cooperative Federal Credit Union, 1368 Fulton Street, Brooklyn, NY 11216
Verified Apr 2026
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
Beneficiaries and trust funding
How to update beneficiaries in-branch, fund a trust in-branch, and review 9 account types at Brooklyn Coop.
View details →When someone dies
Death claim process
5-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.
Frequently asked questions
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. Visit https://www.brooklyn.coop/cds-high-yield-savings/ for the current 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). Credit cards are also available with instant issue at any branch.
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. Visit https://www.brooklyn.coop/cds-high-yield-savings/ for current rates.
Brooklyn Cooperative has three branches. Bushwick: 1308 Myrtle Avenue, Brooklyn, NY 11221 (Mon 9am-2pm, Tue 9am-4pm, Wed 9am-2pm, Thu 9am-2pm, Fri 9am-6pm, Sat 9am-2pm). Bed-Stuy: 1368 Fulton Street, Brooklyn, NY 11216 (Mon-Tue 9am-4pm, Wed closed, Thu 11am-6pm, Fri 9am-4pm, Sat 9am-2pm). East New York: 282 Chestnut Street, Brooklyn, NY 11208 (Mon-Tue closed, Wed-Thu 9am-2pm, Fri 9am-4pm, Sat 9am-2pm). The previous Bushwick location at 1474 Myrtle Ave is permanently closed. 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.
Brooklyn Cooperative deposit accounts (savings, checking, share certificates, High Yield Club) can be retitled to a revocable living trust. Visit any branch with your trust agreement or certification of trust, government-issued ID for all trustees, and the trust tax identification number. Contact (718) 418-8232 for specific trust account requirements.
Brooklyn Cooperative members can make surcharge-free withdrawals at any Citibank ATM in the country using their Brooklyn Coop ATM or debit card. Non-Citibank ATM withdrawals are subject to a $2 per transaction fee after the first 4 free withdrawals per month.
Sources
Data sourced from Brooklyn Coop primary sources (17 pages reviewed). How we research.
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→
Member Services
Phone(718) 418-8232
Emailinfo@brooklyn.coop
Mailing Address
Brooklyn Cooperative Federal Credit Union, 1368 Fulton Street, Brooklyn, NY 11216
Verified Apr 2026
Estate planning articles
Learn how to protect your Brooklyn Coop accounts and other assets with trusts, beneficiary designations, and estate planning documents.
