How to name beneficiaries and fund a trust at Cobalt CU
Covers 15 deposit, and 2 retirement accounts — beneficiaries must be updated in-branch
Phone(402) 292-8000
Toll-Free(800) 228-0392
Fax(402) 829-7155
Mailing Address
7148 Towne Center Parkway, Papillion, NE 68046
WebsiteLearn more→
Phone(402) 292-8000
Toll-Free(800) 228-0392
Fax(402) 829-7155
Mailing Address
7148 Towne Center Parkway, Papillion, NE 68046
WebsiteLearn more→
Member Services - Death Claims
Phone(402) 292-8000
Toll-Free(800) 228-0392
Fax(402) 829-7155
Mailing Address
7148 Towne Center Parkway, Papillion, NE 68046
Verified May 2026
The goal with your Cobalt CU accounts is to make sure every account has a transfer mechanism in place—either a POD beneficiary designation or trust ownership. Because Cobalt CU is a membership-based institution, trust retitling must maintain the membership eligibility requirement. Accounts without either one will require probate, which means court involvement and delays for your family.
Cobalt CU has 17 accounts with different estate transfer rules. Here is how beneficiary designations, trust ownership, and probate apply to each one.
Cobalt Elite CheckingCobalt Blue CheckingCobalt Free CheckingStudent Spend AccountShare Savings AccountVacation Club AccountHoliday Club AccountPrime Online Savings AccountPrime Money Market AccountMoney Market AccountCertificate of DepositBump Up CertificateBaby Bundle CertificateHealth Savings AccountTrust Account
1
Visit any Cobalt Credit Union branch location across Nebraska and Iowa
2
Request a Payable on Death (POD) beneficiary designation form
3
Provide beneficiary information:
- Full name
- Date of birth
- Social Security number
- Relationship to account holder
4
Specify percentage allocation if naming multiple beneficiaries
5
All account holders must sign the form
6
Submit to a member service representative for processing
Special Requirements
- POD designation available for checking, savings, money market, HSA, and certificate accounts
- IRAs use a separate beneficiary designation form
- Trusts can be named as POD beneficiaries
- Multiple beneficiaries permitted with customizable allocation percentages
- Beneficiaries must be added to each account individually
- Changes can be made at any time at no charge
- POD accounts are NCUA-insured separately up to $250,000 per qualifying beneficiary
Phone(402) 292-8000
Toll-Free(800) 228-0392
Fax(402) 829-7155
Mailing Address
7148 Towne Center Parkway, Papillion, NE 68046
WebsiteLearn more→
Phone(402) 292-8000
Toll-Free(800) 228-0392
Fax(402) 829-7155
Mailing Address
7148 Towne Center Parkway, Papillion, NE 68046
WebsiteLearn more→
Member Services - Death Claims
Phone(402) 292-8000
Toll-Free(800) 228-0392
Fax(402) 829-7155
Mailing Address
7148 Towne Center Parkway, Papillion, NE 68046
Verified May 2026
Estate planning articles
Learn how to protect your Cobalt CU accounts and other assets with trusts, beneficiary designations, and estate planning documents.
