How to name beneficiaries and fund a trust at Elevations CU
Covers 9 deposit, 2 retirement, and 12 lending accounts — beneficiaries must be updated in-branch
Member Services
Elevations Credit Union, Attn: Operations Dept, P.O. Box 9004, Boulder, CO 80301
Wealth Management (via CUSO Financial Services / LPL Financial)
Member Services - Trust & Estate Accounts
Elevations Credit Union, Attn: Operations Dept, P.O. Box 9004, Boulder, CO 80301
Estate planning at Elevations CU means getting each account set up so it transfers automatically when you die—either through a POD beneficiary or trust ownership. Because Elevations CU 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.
With 23 product types, Elevations CU 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.
Required Documents
- Trust name, date established, and tax ID (EIN or SSN)
Special Requirements
- POD designation is payable to the owner(s) during their lifetimes; on death of the last owner, funds are payable to named surviving POD beneficiaries
- If all named POD beneficiaries predecease the owner(s), funds are paid to the estate of the last surviving owner
- Beneficiary designations on IRA accounts supersede instructions in a will or trust
- Trusts may be named as POD beneficiary on deposit accounts
- Beneficiary designations are NOT allowed on an Elevations estate account — an estate account is a temporary settlement account and its funds are distributed under the probate estate, not to a POD beneficiary (https://www.elevationscu.com/personal/trust-estate-accounts)
- Beneficiary designations are NOT used on an Elevations trust account either — distribution at death is governed by the trust agreement itself
- Elevations does not provide trustee services; the trustee named in your trust document acts on the trust account
- Paper copies of the Membership and Account Agreement and any account form can be requested at no charge from any branch or by calling 303-443-4672 or 1-800-429-7626
Sources
Data sourced from Elevations CU primary sources (32 pages reviewed). How we research.
Download these Elevations CU instructions
Download instructions for the whole estateA printable PDF with the steps, required documents, and contact details — verified against Elevations CU primary sources. Bring it to the branch or keep it beside the phone.
Member Services
Elevations Credit Union, Attn: Operations Dept, P.O. Box 9004, Boulder, CO 80301
Wealth Management (via CUSO Financial Services / LPL Financial)
Member Services - Trust & Estate Accounts
Elevations Credit Union, Attn: Operations Dept, P.O. Box 9004, Boulder, CO 80301
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