How to name beneficiaries and fund a trust at Charter Oak FCU
Covers 15 deposit, 4 retirement, and 4 lending accounts — beneficiaries must be updated in-branch
Contact Center
Charter Oak Federal Credit Union, 1055 Hartford Turnpike, Waterford, CT 06385
Contact Center
Charter Oak Federal Credit Union, 1055 Hartford Turnpike, Waterford, CT 06385
Member Services - Death Claims
Charter Oak Federal Credit Union, 1055 Hartford Turnpike, Waterford, CT 06385
There are two ways to keep your Charter Oak FCU accounts out of probate: adding Payable on Death designations and retitling accounts into a trust. Because Charter Oak FCU is a membership-based institution, trust retitling must maintain the membership eligibility requirement. Both methods ensure your accounts transfer directly to the people you choose, without court involvement.
Each of Charter Oak FCU's 23 accounts has different rules for how it transfers at death. The sections below explain the options for each.
- 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
Required Documents
- Trust name, date established, and tax ID (EIN or SSN)
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
Sources
Data sourced from Charter Oak FCU primary sources (17 pages reviewed). How we research.
Download these Charter Oak FCU instructions
Download instructions for the whole estateA printable PDF with the steps, required documents, and contact details — verified against Charter Oak FCU primary sources. Bring it to the branch or keep it beside the phone.
Contact Center
Charter Oak Federal Credit Union, 1055 Hartford Turnpike, Waterford, CT 06385
Contact Center
Charter Oak Federal Credit Union, 1055 Hartford Turnpike, Waterford, CT 06385
Member Services - Death Claims
Charter Oak Federal Credit Union, 1055 Hartford Turnpike, Waterford, CT 06385
Estate planning articles
Learn how to protect your Charter Oak FCU accounts and other assets with trusts, beneficiary designations, and estate planning documents.
