How to name beneficiaries and fund a trust at Brooklyn Coop
Covers 8 deposit, and 1 lending accounts — beneficiaries must be updated in-branch
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
Estate planning at Brooklyn Coop means getting each account set up so it transfers automatically when you die—either through a POD beneficiary or trust ownership. Because Brooklyn Coop 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.
Brooklyn Coop offers 9 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 holder
Required Documents
- Trust name, date established, and tax ID (EIN or SSN)
Special Requirements
- POD designations available on deposit accounts (savings, checking, share certificates)
- Joint account owners have automatic right of survivorship
- If no beneficiary is designated, funds go to the deceased member's estate
- Beneficiary designations are made on the membership application
- Online beneficiary designation is not currently available
Sources
Data sourced from Brooklyn Coop primary sources (14 pages reviewed). How we research.
Download these Brooklyn Coop instructions
Download instructions for the whole estateA printable PDF with the steps, required documents, and contact details — verified against Brooklyn Coop primary sources. Bring it to the branch or keep it beside the phone.
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
Estate planning articles
Learn how to protect your Brooklyn Coop accounts and other assets with trusts, beneficiary designations, and estate planning documents.
