Estate planning at First Federal CU
How to protect 11 First Federal CU accounts — manage beneficiaries in-branch, fund a trust in-branch, and file death claims
First Federal Credit Union Contact Center
First Federal Credit Union, 1035 N Center Point Rd, Hiawatha, IA 52233
First Federal Credit Union Contact Center
First Federal Credit Union, 1035 N Center Point Rd, Hiawatha, IA 52233
Member Services
First Federal Credit Union, 1035 N Center Point Rd, Hiawatha, IA 52233
How your First Federal CU accounts transfer at death depends on how each one is set up. As a membership-based credit union, First Federal CU six branch locations: Cedar Rapids (First Avenue SW), Westdale (Cedar Rapids), Hiawatha, Marion, Spencer, and Urbana. Membership open to anyone who lives, works, worships, or attends school in Linn, Benton, Buena Vista, Clay, or Dickinson County, Iowa. With 11 account types, the transfer rules vary—getting the right designations in place now prevents delays and court involvement later.
Account holders can update their beneficiary designations at First Federal CU in branch and by phone. Accounts can also be retitled into a trust to keep them out of probate entirely.
First Federal 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 11 account types at First Federal CU.
View details →When someone dies
Death claim process
4-step process, 4 required documents, and contact information for survivors.
View details →First Federal CU is not available nationwide. Estate planning procedures may vary by state, so confirm that your location is served before making account changes.
Frequently asked questions
Yes. Deposit accounts such as checking, savings, money market, and certificates can be retitled to a revocable living trust. Visit a branch with your trust agreement or Certificate of Trust, government-issued ID for all trustees, and the trust EIN if applicable. Allow 1-2 weeks for retitling to complete. Contact the credit union at (319) 743-7806 to discuss the process.
Membership is open to anyone who lives, works, worships, or attends school in Linn, Benton, Buena Vista, Clay, or Dickinson County, Iowa. Membership is established by opening a Share Savings Account with a minimum $5 deposit. Accounts are federally insured by NCUA.
Premier Rewards Checking earns 4.00% APY on balances up to $50,000 when you meet monthly requirements (10 qualifying debit card purchases of $10 or more, $500+ in direct deposits, and e-statement enrollment). It is limited to one account per membership. Charity Checking rewards you for each qualifying PIN debit card transaction over $10, with accumulated rewards paid annually by November 30th, and a matching donation made to a rotating local charity each quarter. Both require $50 to open, carry no minimum balance, and have no monthly service charge.
The Fed Up Money Market account rate is tied to Federal Reserve changes: when the Fed adjusts the Fed Funds Overnight Rate by 0.25%, the Fed Up Money Market rate on qualifying balances changes by at least 0.10%. The account requires a $10,000 minimum opening deposit, has no monthly maintenance fee, and provides immediate access to funds. Compounded rates are paid on the entire account balance. The account is federally insured by NCUA.
First Federal offers several contact options: call or text (319) 743-7806, use VideoCU for a face-to-face video session with a Contact Center Representative, use ChatCU for live chat on the website, or use TextCU by texting (319) 743-7806. For lost or stolen cards after hours, call (800) 472-3272. Branch lobbies are open Monday-Friday 9:00am-5:00pm and Saturday 9:00am-noon; drive-thru hours are Monday-Friday 8:30am-5:30pm and Saturday 9:00am-noon.
Sources
Data sourced from First Federal CU primary sources (17 pages reviewed). How we research.
First Federal Credit Union Contact Center
First Federal Credit Union, 1035 N Center Point Rd, Hiawatha, IA 52233
First Federal Credit Union Contact Center
First Federal Credit Union, 1035 N Center Point Rd, Hiawatha, IA 52233
Member Services
First Federal Credit Union, 1035 N Center Point Rd, Hiawatha, IA 52233
Estate planning articles
Learn how to protect your First Federal CU accounts and other assets with trusts, beneficiary designations, and estate planning documents.
