How to name beneficiaries and fund a trust at Corning Credit Union
Beneficiaries are managed in branch or by phone. Trust paperwork is taken in branch
Estate planning at Corning Credit Union means getting each account set up so it transfers automatically when you die—either through a POD beneficiary or trust ownership. Because Corning Credit Union is a membership-based institution, trust retitling must maintain the membership eligibility requirement. Without one of these in place, accounts may require probate before your family can access the funds.
Across 22 product types, Corning Credit Union 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.
- IRAs (Traditional and Roth)
- Totten Trust accounts, the New York informal-trust deposit account form
- Payable on Death (POD) accounts
- Full name
- Social Security number
- Date of birth
- Address
- Telephone number
- Full name, Social Security number, date of birth, address, and telephone number
- The account or accounts the designation applies to (IRA, Totten Trust, or POD)
Required Documents
- Beneficiary's full name (for each beneficiary)
- Beneficiary's Social Security number (for each beneficiary)
- Beneficiary's date of birth (for each beneficiary)
- Beneficiary's address (for each beneficiary)
- Beneficiary's telephone number (for each beneficiary)
- Government-issued photo ID (at a branch)
- The trust instrument, or a certification of trust, naming the trustees and their powers
- Government-issued photo ID for every trustee who will transact
- The trust's Tax Identification Number, or the grantor's Social Security number for a grantor revocable living trust
Required Documents
- Trust instrument or certification of trust. The full trust agreement or a certification of trust (also called a certificate or abstract of trust) is accepted
- Government-issued photo ID (for every trustee)
- Trust Tax Identification Number. Or the grantor's SSN for a revocable living trust
- New account documentation for the CCU Trust Account
- IRAs (Traditional and Roth)
- Totten Trust accounts, the New York informal-trust deposit account form
- Payable on Death (POD) accounts
- Full name
- Social Security number
- Date of birth
- Address
- Telephone number
- Full name, Social Security number, date of birth, address, and telephone number
- The account or accounts the designation applies to (IRA, Totten Trust, or POD)
Required Documents
- Beneficiary's full name (for each beneficiary)
- Beneficiary's Social Security number (for each beneficiary)
- Beneficiary's date of birth (for each beneficiary)
- Beneficiary's address (for each beneficiary)
- Beneficiary's telephone number (for each beneficiary)
- Government-issued photo ID (at a branch)
- The trust instrument, or a certification of trust, naming the trustees and their powers
- Government-issued photo ID for every trustee who will transact
- The trust's Tax Identification Number, or the grantor's Social Security number for a grantor revocable living trust
Required Documents
- Trust instrument or certification of trust. The full trust agreement or a certification of trust (also called a certificate or abstract of trust) is accepted
- Government-issued photo ID (for every trustee)
- Trust Tax Identification Number. Or the grantor's SSN for a revocable living trust
- New account documentation for the CCU Trust Account
- IRAs (Traditional and Roth)
- Totten Trust accounts, the New York informal-trust deposit account form
- Payable on Death (POD) accounts
- Full name
- Social Security number
- Date of birth
- Address
- Telephone number
- Full name, Social Security number, date of birth, address, and telephone number
- The account or accounts the designation applies to (IRA, Totten Trust, or POD)
Required Documents
- Beneficiary's full name (for each beneficiary)
- Beneficiary's Social Security number (for each beneficiary)
- Beneficiary's date of birth (for each beneficiary)
- Beneficiary's address (for each beneficiary)
- Beneficiary's telephone number (for each beneficiary)
- Government-issued photo ID (at a branch)
What Corning Credit Union says about beneficiaries and trusts
Each section is Corning Credit Union's own statement, with the document it comes from numbered under Sources.
Which accounts take a beneficiary2
- Payable-on-death account
Payable on Death accounts and Totten Trust accounts (the New York informal-trust deposit account form) carry a beneficiary.1
Who can be named1
- A trust, IRAs
A trust can be named as the beneficiary of an IRA.2
What Corning Credit Union's agreement says about beneficiaries1
- Joint accounts
A POD pays "upon the passing of all account owners," so a joint owner with right of survivorship takes before the POD beneficiary does.2
Which accounts a trust can hold2
- Trust account
Savings, checking, money market and share certificate accounts can be retitled to the trust.3
CCU describes its Trust Account as "designed to allow designated trustees to hold and manage funds on behalf of a Trust."3
- IRA
An IRA cannot be retitled to a trust. It can only name the trust as beneficiary.3
What Corning Credit Union says about trust accounts2
Accounts handled elsewhere1
- CCU Wealth Strategies (Raymond James Financial Services)
Beneficiary and Transfer on Death designations and trust retitling for CCU Wealth Strategies investment accounts2
Phone: 1-607-937-5292
Not in Corning Credit Union's published guidance1
- An online way to name a beneficiary
Sources4
Sources
Data sourced from Corning Credit Union primary sources (16 pages reviewed). How we research.
Download these Corning Credit Union instructions
Download instructions for the whole estateA printable PDF with the steps, required documents, and contact details — verified against Corning Credit Union primary sources. Bring it to the branch or keep it beside the phone.
Corning Credit Union estate support
CCU Wealth Strategies (Raymond James Financial Services)
Phone
Fax
Mailing address
Website
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