How to name beneficiaries and fund a trust at CU1
Covers 9 deposit, 5 retirement, and 1 lending accounts — beneficiaries must be updated in-branch
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
The goal with your CU1 accounts is to make sure every account has a transfer mechanism in place—either a POD beneficiary designation or trust ownership. Because CU1 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.
With 15 product types, CU1 offers a range of transfer options. Some accounts support Payable on Death (POD) designations, others can be retitled into a trust, and some require probate if no beneficiary is designated. The sections below break down each step.
- For share (deposit) accounts: request POD (Payable on Death) designation with beneficiary full legal name, date of birth, Social Security number, and relationship
- For IRA accounts: complete the IRA Beneficiary Designation form with primary and contingent beneficiary sections
Required Documents
- Trust name, date established, and tax ID (EIN or SSN)
Special Requirements
- Trust beneficiary designations may require a copy of the Certification of Trust
- IRA beneficiary changes for married account holders may require spousal consent
Sources
Data sourced from CU1 primary sources (16 pages reviewed). How we research.
Download these CU1 instructions
Download instructions for the whole estateA printable PDF with the steps, required documents, and contact details — verified against CU1 primary sources. Bring it to the branch or keep it beside the phone.
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
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