How to name beneficiaries and fund a trust at CEFCU
Covers 9 deposit, 1 hsa, 3 retirement, and 2 investment accounts — beneficiaries must be updated in-branch
CEFCU Member Contact Center
Phone1-800-542-3328
Mailing Address
CEFCU, P.O. Box 1805, Peoria, IL 61656-1805
IRA Department
HSA questions
TTY (hearing impaired)
Website accessibility / screen reader support
Touch-Tone Teller phone banking
WebsiteLearn more→
CEFCU Trust and Investment Management (trust and estate settlement services provided by Members Trust Company)
Phone309-633-2681
Toll-Free1-800-633-7077 ext. 32681
Fax309-633-2588
Mailing Address
7900 N. University Street, Peoria, IL 61615
WebsiteLearn more→
CEFCU Member Contact Center (deceased member accounts) — settlement completed at a Member Center
Phone1-800-542-3328
Toll-Free1-800-542-3328
Mailing Address
CEFCU, P.O. Box 1805, Peoria, IL 61656-1805
IRA and HSA beneficiary distributions
Trust and Investment Management (trust and estate settlement)
TruStage life insurance claims
TTY (hearing impaired)
WebsiteNotify online→
Verified Jul 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 15 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 AccountCoverdell Education Savings Account (CESA)
1
Visit any CEFCU Member Center with government-issued photo ID (https://www.cefcu.com/locations/)
2
Ask for a Totten Trust Designation — CEFCU's payable-on-death document for deposit accounts. The CEFCU Signature Card does not carry a beneficiary section; it collects joint members and a "nearest relative" only, which is a contact field and not a beneficiary designation
3
Provide, for each beneficiary:
- Full legal name
- Date of birth
- Social Security number
- Relationship to the member
4
Confirm which accounts the designation covers — a Totten Trust Designation is made per account, so checking, savings, money market, and each certificate must be handled separately
5
Sign the designation. To cancel or replace an existing designation later, CEFCU uses a separate Totten Trust Revocation document
6
For IRAs, HSAs, and CESAs, ask for the beneficiary designation under that account's custodial agreement — those are separate from the Totten Trust Designation
Required Documents
- Trust name, date established, and tax ID (EIN or SSN)
Special Requirements
- CEFCU does not offer online beneficiary management; there is no downloadable Totten Trust Designation on the CEFCU forms page
- A Totten Trust Designation is CEFCU's payable-on-death mechanism, and CEFCU's federal insurance pamphlet states it also extends NCUA coverage to $250,000 per beneficiary/trustee relationship
- Joint accounts with right of survivorship pass to the surviving owner regardless of any Totten Trust Designation
- IRA, HSA, and CESA beneficiary designations are governed by their custodial account agreements and are not affected by a Totten Trust Designation
- The Medallion Signature Guarantee offered at Member Centers covers securities transactions only and is expressly not available for beneficiary changes or account maintenance
Sources
Data sourced from CEFCU primary sources (22 pages reviewed). How we research.
Download these CEFCU instructions
Download instructions for the whole estateA printable PDF with the steps, required documents, and contact details — verified against CEFCU primary sources. Bring it to the branch or keep it beside the phone.
CEFCU Member Contact Center
Phone1-800-542-3328
Mailing Address
CEFCU, P.O. Box 1805, Peoria, IL 61656-1805
IRA Department
HSA questions
TTY (hearing impaired)
Website accessibility / screen reader support
Touch-Tone Teller phone banking
WebsiteLearn more→
CEFCU Trust and Investment Management (trust and estate settlement services provided by Members Trust Company)
Phone309-633-2681
Toll-Free1-800-633-7077 ext. 32681
Fax309-633-2588
Mailing Address
7900 N. University Street, Peoria, IL 61615
WebsiteLearn more→
CEFCU Member Contact Center (deceased member accounts) — settlement completed at a Member Center
Phone1-800-542-3328
Toll-Free1-800-542-3328
Mailing Address
CEFCU, P.O. Box 1805, Peoria, IL 61656-1805
IRA and HSA beneficiary distributions
Trust and Investment Management (trust and estate settlement)
TruStage life insurance claims
TTY (hearing impaired)
WebsiteNotify online→
Verified Jul 2026
Estate planning articles
Learn how to protect your CEFCU accounts and other assets with trusts, beneficiary designations, and estate planning documents.
