Estate planning at EECU

EECU offers 17 accounts, each with its own rules for what happens when a member dies. As a membership-based credit union, EECU membership open to anyone who lives, works, worships, or attends school in the Texas counties of Bosque, Collin, Dallas, Denton, Ellis, Erath, Hill, Hood, Jack, Johnson, Palo Pinto, Parker, Rockwall, Somervell, Tarrant, or Wise; to anyone who works for an educational institution, business, association, hospital, or municipality in the Fort Worth area (including Young county); to relatives of existing members; to employees of EECU select employer groups; and to anyone who joins through an EECU Community Foundation membership, whose fee EECU pays (https://eecu.org/about-us/about-eecu/membership-requirements). Membership eligibility matters at death: a successor trustee, POD payee, or executor who needs to hold funds at EECU rather than take a payout must qualify for membership. Some transfer automatically to a named beneficiary, others can be held in a trust, and a few may require probate if no plan is in place.

Managing beneficiaries at EECU is straightforward—changes can be made in branch, by mail, and by phone, typically taking 15-30 minutes. Trust funding is also available, allowing families to retitle accounts into the name of a revocable living trust.