How to name beneficiaries and fund a trust at Connexus
Covers 10 deposit, 5 retirement, and 1 investment accounts — beneficiaries must be updated in-branch
Connexus Credit Union, PO Box 8026, Wausau, WI 54402-8026
Wealth Management (via LPL Financial)
Death Claims / Member Services
Connexus Credit Union, PO Box 8026, Wausau, WI 54402-8026
The goal with your Connexus accounts is to make sure every account has a transfer mechanism in place—either a POD beneficiary designation or trust ownership. Because Connexus 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.
Across 16 product types, Connexus accounts vary in how they transfer at death. The sections below walk through Payable on Death (POD) designations, trust funding options, and which products support each method.
- Bring government-issued photo ID
- Request to add or update POD beneficiary designation (deposit accounts) or IRA beneficiary designation (retirement accounts)
Special Requirements
- POD designation available for deposit accounts (checking, savings, certificates, money market)
- POD/trust beneficiary designations do not apply to IRA accounts -- use the separate IRA Beneficiary Designation Form
- Account is payable to owner(s) during lifetime; on death of last owner, payable to all surviving POD beneficiaries
- Multiple beneficiaries share equally without rights of survivorship unless state law provides otherwise
- Each POD beneficiary designation separately insured up to $250,000 by NCUA
- Connexus is not obligated to notify beneficiaries of the existence of any account except as required by law
Sources
Data sourced from Connexus primary sources (18 pages reviewed). How we research.
Download these Connexus instructions
Download instructions for the whole estateA printable PDF with the steps, required documents, and contact details — verified against Connexus primary sources. Bring it to the branch or keep it beside the phone.
Connexus Credit Union, PO Box 8026, Wausau, WI 54402-8026
Wealth Management (via LPL Financial)
Death Claims / Member Services
Connexus Credit Union, PO Box 8026, Wausau, WI 54402-8026
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