Estate planning at First Community CU
How to protect 15 First Community CU accounts — manage beneficiaries in-branch, fund a trust in-branch, and file death claims
111 9th Street SW, Jamestown, ND 58401
111 9th Street SW, Jamestown, ND 58401
Member Services — First Community has no separate estate or death-claim department; the main member line and any branch handle deceased-member accounts
First Community Credit Union, PO Box 2180, Jamestown, ND 58402-2075
First Community CU offers 15 accounts, each with its own rules for what happens when a member dies. As a membership-based credit union, First Community CU membership open to North Dakota residents who live within a 75-mile radius of Jamestown, Devils Lake, Page, or Portland; within a 50-mile radius of Valley City, Oakes, Napoleon, Steele, Bismarck, Wahpeton, or Wishek; within a 40-mile radius of Bisbee or Larimore; or in Marshall County, MN, and portions of Kittson County, MN (within a 75-mile radius of 2315 North Acres Dr., Crookston, MN). Immediate family of existing members also qualify. 27 locations throughout North Dakota and western Minnesota, including Minnesota branches in Crookston, East Grand Forks, and Moorhead. Estate consequences follow the deceased member's state of residence, not the branch: North Dakota levies no state estate or inheritance tax, while Minnesota imposes an estate tax on estates above its $3 million exemption (Minn. Stat. § 291.016). 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 First Community CU is straightforward—changes can be made in branch, by mail, and by phone, typically taking 15-30 minutes in branch; additional processing time by mail. Trust funding is also available, allowing families to retitle accounts into the name of a revocable living trust.
First Community CU 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 First Community CU.
View details →When someone dies
Death claim process
5-step process, 5 required documents, and contact information for survivors.
View details →Because First Community CU serves a limited number of states, procedures for trust funding and beneficiary changes may differ depending on your location. Verify availability before starting.
Sources
Data sourced from First Community CU primary sources (22 pages reviewed). How we research.
111 9th Street SW, Jamestown, ND 58401
111 9th Street SW, Jamestown, ND 58401
Member Services — First Community has no separate estate or death-claim department; the main member line and any branch handle deceased-member accounts
First Community Credit Union, PO Box 2180, Jamestown, ND 58402-2075
Estate planning articles
Learn how to protect your First Community CU accounts and other assets with trusts, beneficiary designations, and estate planning documents.
