How to name beneficiaries and fund a trust at CEFCU
Covers 9 deposit, 3 retirement, and 2 investment accounts — beneficiaries must be updated in-branch
Phone1-800-633-7077
Mailing Address
CEFCU, P.O. Box 1805, Peoria, IL 61656-1805
IRA Department
TTY (Hearing Impaired)
WebsiteLearn more→
Trust and Investment Management (Members Trust Company)
Phone309-633-2681
Fax309-633-2588
Mailing Address
7900 N. University Street, Peoria, IL 61615
WebsiteLearn more→
Death Claims / Member Contact Center
Phone1-800-633-7077
Toll-Free1-800-633-7077
Mailing Address
CEFCU, P.O. Box 1805, Peoria, IL 61656-1805
Verified Apr 2026
Preparing your CEFCU accounts for estate transfer involves two key steps: designating beneficiaries on each account and, where appropriate, retitling accounts into a trust. Because CEFCU 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.
Across 14 product types, CEFCU accounts vary in how they transfer at death. The sections below walk through Payable on Death (POD) designations, trust funding options, and which products support each method.
CEFCU CheckingCEFCU Dividend CheckingCEFCU SavingsCEFCU Insured Money Market AccountCEFCU CertificateCEFCU My Save CertificateCEFCU Jumbo CertificateCEFCU Totten Trust AccountCEFCU Health Savings Account (HSA)
1
Visit any CEFCU Member Center with government-issued photo ID
2
Request a Payable on Death (POD) beneficiary designation for your deposit account(s)
3
Provide beneficiary information:
- Full legal name
- Date of birth
- Social Security number
- Relationship to account holder
4
Specify primary and contingent beneficiaries with percentage allocations
5
Complete and sign the beneficiary designation form
Required Documents
- Trust name, date established, and tax ID (EIN or SSN)
Special Requirements
- POD (Payable on Death) available for deposit accounts (checking, savings, money market, certificates)
- Totten Trust accounts provide additional NCUA insurance coverage through beneficiary designations
- Joint accounts with right of survivorship pass to the surviving owner(s)
- IRA beneficiary designations are separate from deposit account POD designations
- Investment account beneficiaries are managed through LPL Financial
- Review and update beneficiary information periodically, especially after major life events
Phone1-800-633-7077
Mailing Address
CEFCU, P.O. Box 1805, Peoria, IL 61656-1805
IRA Department
TTY (Hearing Impaired)
WebsiteLearn more→
Trust and Investment Management (Members Trust Company)
Phone309-633-2681
Fax309-633-2588
Mailing Address
7900 N. University Street, Peoria, IL 61615
WebsiteLearn more→
Death Claims / Member Contact Center
Phone1-800-633-7077
Toll-Free1-800-633-7077
Mailing Address
CEFCU, P.O. Box 1805, Peoria, IL 61656-1805
Verified Apr 2026
Estate planning articles
Learn how to protect your CEFCU accounts and other assets with trusts, beneficiary designations, and estate planning documents.
