Estate planning at CU1
How to protect 15 CU1 accounts — manage beneficiaries in-branch, fund a trust in-branch, and file claims through CU1's Member Services
Member Services
Credit Union 1, 1941 Abbott Road, Anchorage, AK 99507
Member Services
Credit Union 1, 1941 Abbott Road, Anchorage, AK 99507
Member Services (Death Claims)
Credit Union 1, 1941 Abbott Road, Anchorage, AK 99507
How your CU1 accounts transfer at death depends on how each one is set up. As a membership-based credit union, CU1 following the June 1, 2026 merger with MAC Federal Credit Union, Credit Union 1 operates 19 branch locations across Alaska (including former MAC branches in the Fairbanks area), headquartered at 1941 Abbott Road, Anchorage, AK 99507. Membership begins with a $5 deposit into a Regular Share savings account. Routing number: 325272063. Branch hours vary by location -- see https://www.cu1.org/locations. With 15 account types, the transfer rules vary—getting the right designations in place now prevents delays and court involvement later.
Beneficiary designations at CU1 can be managed in branch, by mail, and by phone, typically taking 15-30 minutes in branch; longer by mail. Trust funding is also available, allowing families to retitle accounts into the name of a revocable living trust.
CU1 has documented procedures for both preparing accounts during your lifetime and handling claims when an account holder passes away.
Preparing your estate
Beneficiaries and trust funding
How to update beneficiaries in-branch, fund a trust in-branch, and review 15 account types at CU1.
View details →When someone dies
Death claim process
Contact CU1's Member Services to file a claim. 5-step process, 7 required documents, and contact information for survivors.
View details →For questions about any of these procedures, contact CU1's Member Services at 1-800-478-2222.
CU1 operates in select states, so estate planning procedures may vary by location. Confirm availability in your state before initiating trust funding or account changes.
Frequently asked questions
Yes. Credit Union 1 accepts both revocable and irrevocable trust accounts for checking, savings, and certificate accounts. Visit a local branch with your Certification of Trust (or full trust agreement), trustee identification, and the trust Tax Identification Number. Existing accounts can also be retitled to a trust without closing them. Membership requires maintaining a minimum $5 balance in a Regular Share savings account.
Yes. Existing share (deposit) accounts including checking, savings, and certificate accounts can be retitled to your revocable living trust. Visit a Credit Union 1 branch with your Certification of Trust and trustee identification. The process does not require closing and reopening the account if the same SSN or EIN is used. IRA accounts cannot be retitled to a trust.
Membership at Credit Union 1 begins with a $5 deposit into a Regular Share savings account. This $5 deposit maintains your co-ownership of the credit union. You can open an account online or by visiting any CU1 branch in Alaska. Following the June 1, 2026 merger with MAC Federal Credit Union, Credit Union 1 operates 19 branch locations across the state.
Yes. A trust can be named as a primary or contingent beneficiary on Traditional IRA, Roth IRA, SEP IRA, and SIMPLE IRA accounts at Credit Union 1. Visit a CU1 branch or call (907) 339-9485 to complete an IRA Beneficiary Designation form. You may need to provide a copy of your Certification of Trust. IRAs cannot be retitled to a trust.
Yes. Certificate accounts (share certificates) at Credit Union 1 can be opened in the name of a revocable or irrevocable trust. Terms range from 3 months to 60 months with higher rates for balances over $40,000 and $100,000. Visit a CU1 branch with your Certification of Trust and trustee identification to open a trust certificate account.
Members of Credit Union 1 and MAC Federal Credit Union (Fairbanks) approved a merger, with Legal Day 1 effective June 1, 2026. The combined credit union continues under the Credit Union 1 name with over 112,500 members, 19 branches statewide (a 20th is planned for Homer), and more than $1.7 billion in assets. CU1 states there are no immediate changes for members: existing account numbers, debit and credit cards, direct deposits, checks, Bill Pay, safe deposit boxes, and automatic payments continue to work as usual during the system integration. CU1 has not published specific guidance on beneficiary, POD, or trust account titles, so confirm that beneficiary designations and trust paperwork remain on file after the transition. See https://www.cu1.org/macmerger for the merger FAQ, or call (907) 339-9485 or (800) 478-2222.
Sources
Data sourced from CU1 primary sources (16 pages reviewed). How we research.
Member Services
Credit Union 1, 1941 Abbott Road, Anchorage, AK 99507
Member Services
Credit Union 1, 1941 Abbott Road, Anchorage, AK 99507
Member Services (Death Claims)
Credit Union 1, 1941 Abbott Road, Anchorage, AK 99507
Estate planning articles
Learn how to protect your CU1 accounts and other assets with trusts, beneficiary designations, and estate planning documents.
