Estate planning and settlement at Commonwealth CU
Name beneficiaries in branch, fund a trust in branch, and report a death at 1-800-228-6420
How your Commonwealth CU accounts transfer at death depends on how each one is set up. As a membership-based credit union, Commonwealth CU headquartered at 417 High Street, Frankfort, KY 40601. Multiple branches across Central and Eastern Kentucky including Frankfort, Lexington, Louisville, Shelbyville, and Prestonsburg (former Eastern KY FCU). Membership expanded to 36 counties across Eastern and Southern Kentucky following the April 2025 acquisition of Eastern Kentucky FCU. With 16 account types, the transfer rules vary—getting the right designations in place now prevents delays and court involvement later.
Commonwealth CU handles beneficiary designations in branch and by phone. Accounts can also be retitled into a trust to keep them out of probate entirely.
Commonwealth CU has documented procedures for both preparing accounts during your lifetime and handling claims when an account holder passes away.
Beneficiaries and trust funding
How to update beneficiaries in-branch, fund a trust in-branch, and review 16 account types at Commonwealth CU.
Preparing your estate →Death claim process
Report the death to Commonwealth CU's Contact Center at 1-800-228-6420. The page lists the steps and the documents to send.
When someone dies →Commonwealth CU is not available nationwide. Estate planning procedures may vary by state, so confirm that your location is served before making account changes.
Sources
Data sourced from Commonwealth CU primary sources (14 pages reviewed). How we research.
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Estate planning articles
Learn how to protect your Commonwealth CU accounts and other assets with trusts, beneficiary designations, and estate planning documents.
Forms for Planning Your Estate
Free forms for planning your estate: will, living trust, pour-over will, powers of attorney and TOD deed. Prepare each form for your state and download the PDF.
Last Will and Testament
Name your heirs, guardians, and final wishes. Free for every state.
Codicil to a Will
Add, revoke or replace provisions of your will and republish the rest, signed as your state requires for a will.
HIPAA Release
Name who may receive your medical records, in the authorization federal law requires, with your state's rules for sensitive records. Free for every state.
Transfer on Death Deed
Transfer real property to a beneficiary upon your death without probate. Available in 34 states and the District of Columbia.
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