How to name beneficiaries and fund a trust at Connex CU
Covers 9 deposit, 3 retirement, and 7 lending accounts — beneficiaries must be updated in-branch
Member Service Center
Connex Credit Union, P.O. Box 477, North Haven, CT 06473
Member Service Center
Connex Credit Union, P.O. Box 477, North Haven, CT 06473
Member Service Center (handles death/estate claims; no dedicated estate department)
Connex Credit Union, P.O. Box 477, North Haven, CT 06473
There are two ways to keep your Connex CU accounts out of probate: adding Payable on Death designations and retitling accounts into a trust. Because Connex CU 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.
Connex CU has 19 accounts with different estate transfer rules. Here is how beneficiary designations, trust ownership, and probate apply to each one.
- 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
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
- Joint accounts include rights of survivorship by default unless otherwise stated on the Account Card
- The credit union is not obligated to notify any beneficiary of the existence of any account except as required by law
Sources
Data sourced from Connex CU primary sources (22 pages reviewed). How we research.
Download these Connex CU instructions
Download instructions for the whole estateA printable PDF with the steps, required documents, and contact details — verified against Connex CU primary sources. Bring it to the branch or keep it beside the phone.
Member Service Center
Connex Credit Union, P.O. Box 477, North Haven, CT 06473
Member Service Center
Connex Credit Union, P.O. Box 477, North Haven, CT 06473
Member Service Center (handles death/estate claims; no dedicated estate department)
Connex Credit Union, P.O. Box 477, North Haven, CT 06473
Estate planning articles
Learn how to protect your Connex CU accounts and other assets with trusts, beneficiary designations, and estate planning documents.
