How to name beneficiaries and fund a trust at Canvas CU
Covers 13 deposit, 4 retirement, 1 investment, and 11 lending accounts — beneficiaries must be updated in-branch
Phone303-691-2345
Toll-Free1-800-437-7328
Fax303-639-2910
Mailing Address
Canvas Credit Union, PO Box 5238, Englewood, CO 80155
Northern Colorado/Western Slope
Colorado Springs/Southern Colorado
Lost/Stolen Debit/Credit Cards (US)
Lost/Stolen Cards (International/Collect)
WebsiteLearn more→
Member Services - Trust and Estate Accounts
Phone303-691-2345
Toll-Free1-800-437-7328
Fax303-639-2910
WebsiteLearn more→
Member Services - Deceased Member Accounts
Phone303-691-2345
Toll-Free1-800-437-7328
Fax303-639-2910
Mailing Address
Canvas Credit Union, PO Box 5238, Englewood, CO 80155
Verified Apr 2026
Preparing your Canvas CU accounts for estate transfer involves two key steps: designating beneficiaries on each account and, where appropriate, retitling accounts into a trust. Because Canvas CU is a membership-based institution, trust retitling must maintain the membership eligibility requirement. Accounts with Payable on Death designations or trust ownership bypass probate entirely.
With 29 product types, Canvas CU offers a range of transfer options. Some accounts support Payable on Death (POD) designations, others can be retitled into a trust, and some require probate if no beneficiary is designated. The sections below break down each step.
Free CheckingHigh Yield CheckingCashback CheckingPersonalized Savings AccountReverse Tier Savings AccountHoliday Club AccountMoney Market AccountMoney Market PlusHigh Yield Money Market AccountJumbo Money Market AccountShare CertificateClassic Secured Mastercard CDHealth Savings Account
1
Visit any Canvas Credit Union branch location with government-issued photo ID
2
Request a POD (Payable on Death) beneficiary designation form for deposit accounts
3
Complete the form with beneficiary information:
- Primary and contingent beneficiary full legal names
- Dates of birth and Social Security numbers
- For a trust beneficiary: provide the trust name, trust date, and trust EIN
4
All account owners must sign the form
5
Submit the signed form to the branch representative
Special Requirements
- POD designation is available for all deposit accounts (checking, savings, money market, and share certificates)
- IRA beneficiary designations are completed on a separate beneficiary form at the time of account opening
- Upon death of the last surviving owner, POD funds are distributed to beneficiaries and are not controlled by a will
- Each account must be updated individually; beneficiary designations do not automatically carry across accounts
- HSA accounts require a beneficiary designation at account opening; surviving spouse becomes the account holder if named as beneficiary
Phone303-691-2345
Toll-Free1-800-437-7328
Fax303-639-2910
Mailing Address
Canvas Credit Union, PO Box 5238, Englewood, CO 80155
Northern Colorado/Western Slope
Colorado Springs/Southern Colorado
Lost/Stolen Debit/Credit Cards (US)
Lost/Stolen Cards (International/Collect)
WebsiteLearn more→
Member Services - Trust and Estate Accounts
Phone303-691-2345
Toll-Free1-800-437-7328
Fax303-639-2910
WebsiteLearn more→
Member Services - Deceased Member Accounts
Phone303-691-2345
Toll-Free1-800-437-7328
Fax303-639-2910
Mailing Address
Canvas Credit Union, PO Box 5238, Englewood, CO 80155
Verified Apr 2026
Estate planning articles
Learn how to protect your Canvas CU accounts and other assets with trusts, beneficiary designations, and estate planning documents.
