Estate planning and settlement at Connex CU

How your Connex CU accounts transfer at death depends on how each one is set up. As a membership-based credit union, Connex CU headquartered at 412 Washington Avenue, North Haven, CT 06473 (NCUA charter 68511, Connecticut state charter). Operates eight branches: Branford, Guilford, Hamden, Meriden, Monroe, New Haven, North Haven, and Orange. Membership is open to anyone who lives, works, attends school, or worships in New Haven, Hartford, Middlesex, or Fairfield County. Members reach 38 Connecticut shared-branch locations and more than 5,000 nationwide through CO-OP Shared Branching (https://www.connexcu.org/home/services/convenience-services/shared-branching) -- a shared branch visit requires the home credit union name, the account number, and government-issued photo ID. The checking pages also cite Allpoint ATM network access. Because an executor or successor trustee may live out of state, note that shared branching handles routine member transactions only; death claims, POD payouts, and trust retitling are handled by Connex itself. With 24 account types, the transfer rules vary—getting the right designations in place now prevents delays and court involvement later.

Connex CU lets account holders update beneficiary designations in branch, by phone, and by mail, typically taking 15-30 minutes. Trust funding is also available, allowing families to retitle accounts into the name of a revocable living trust.