Estate planning and settlement at Canvas CU

Canvas CU offers 30 accounts, each with its own rules for what happens when a member dies. As a membership-based credit union, Canvas CU corporate headquarters is the 9990 Building on Park Meadows Drive in Lone Tree, CO 80124; the adjacent Lone Tree branch is at 10000 Park Meadows Dr Ste 100. Canvas lists more than 30 branch locations across Colorado at https://www.canvas.org/about-us/locations, spanning the Denver metro area, the Front Range (Fort Collins to Pueblo), Colorado Springs, and the Western Slope (following the 2022 merger with Western Rockies Federal Credit Union). Branch pages list notary service among branch offerings, which matters because Canvas requires a NOTARIZED certificate or affidavit of trust to open a trust account; confirm notary availability with the specific branch. Canvas debit cardholders get free transactions at all Canvas ATMs and ten free transactions per month at more than 30,000 CO-OP ATMs nationwide. Membership is open to anyone who lives or works in Colorado, immediate family members of current members, or anyone who joins the Consumers United Association ($5 annual fee). Some transfer automatically to a named beneficiary, others can be held in a trust, and a few may require probate if no plan is in place.

Account holders can update their beneficiary designations at Canvas CU in branch, by phone, and by mail. Accounts can also be retitled into a trust to keep them out of probate entirely.