How to name beneficiaries and fund a trust at CU1
Covers 8 deposit, 5 retirement, and 1 lending accounts — beneficiaries must be updated in-branch
Member Services
Phone1-907-339-9485
Toll-Free1-800-478-2222
Emailmembermail@cu1.org
Mailing Address
Credit Union 1, 1941 Abbott Road, Anchorage, AK 99507
WebsiteLearn more→
Member Services
Phone1-907-339-9485
Toll-Free1-800-478-2222
Mailing Address
Credit Union 1, 1941 Abbott Road, Anchorage, AK 99507
WebsiteLearn more→
Member Services (Death Claims)
Phone1-907-339-9485
Toll-Free1-800-478-2222
Mailing Address
Credit Union 1, 1941 Abbott Road, Anchorage, AK 99507
WebsiteNotify online→
Verified Apr 2026
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 14 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.
Free CheckingSuper Saver CheckingPremium CheckingRegular Savings (Share)Premium SavingsAdditional SavingsCertificate Account (Share Certificate)Education IRA (Coverdell ESA)
1
Visit any Credit Union 1 branch with a valid government-issued photo ID (find locations at https://www.cu1.org/locations)
2
Request to add or update beneficiary designations on your accounts
3
Provide beneficiary information:
- 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
4
Review and sign the updated account documentation
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
Member Services
Phone1-907-339-9485
Toll-Free1-800-478-2222
Emailmembermail@cu1.org
Mailing Address
Credit Union 1, 1941 Abbott Road, Anchorage, AK 99507
WebsiteLearn more→
Member Services
Phone1-907-339-9485
Toll-Free1-800-478-2222
Mailing Address
Credit Union 1, 1941 Abbott Road, Anchorage, AK 99507
WebsiteLearn more→
Member Services (Death Claims)
Phone1-907-339-9485
Toll-Free1-800-478-2222
Mailing Address
Credit Union 1, 1941 Abbott Road, Anchorage, AK 99507
WebsiteNotify online→
Verified Apr 2026
Estate planning articles
Learn how to protect your CU1 accounts and other assets with trusts, beneficiary designations, and estate planning documents.
