How to name beneficiaries and fund a trust at First Federal CU
Covers 5 deposit, 2 retirement, and 4 lending accounts — beneficiaries must be updated in-branch
First Federal Credit Union Contact Center
Phone(319) 743-7806
Mailing Address
First Federal Credit Union, 1035 N Center Point Rd, Hiawatha, IA 52233
After Hours Lost/Stolen Card
WebsiteLearn more→
First Federal Credit Union Contact Center
Phone(319) 743-7806
Mailing Address
First Federal Credit Union, 1035 N Center Point Rd, Hiawatha, IA 52233
After Hours Lost/Stolen Card
WebsiteLearn more→
Member Services
Phone(319) 743-7806
Mailing Address
First Federal Credit Union, 1035 N Center Point Rd, Hiawatha, IA 52233
Verified Mar 2026
Preparing your First Federal CU accounts for estate transfer involves two key steps: designating beneficiaries on each account and, where appropriate, retitling accounts into a trust. Because First Federal CU is a membership-based institution, trust retitling must maintain the membership eligibility requirement. Accounts with Payable on Death designations or trust ownership bypass probate entirely.
The transfer rules at First Federal CU vary across 11 accounts. Below is a breakdown of beneficiary options, trust funding, and which products support each method.
Premier Rewards CheckingCharity CheckingShare Savings AccountFed Up Money MarketShare Certificate
1
Visit any First Federal Credit Union branch with valid government-issued photo ID
2
Request to add a POD (Payable on Death) beneficiary to your deposit account
3
Provide beneficiary details:
- Each beneficiary's full legal name and identifying information
- Percentage allocations if naming multiple beneficiaries
- For IRA accounts, complete separate beneficiary designation paperwork
4
Sign updated account documentation
5
Request a copy of the updated designation for your records
Required Documents
- Trust name, date established, and tax ID (EIN or SSN)
Special Requirements
- Beneficiary changes are typically handled in branch with signed documentation
- IRA beneficiary designations are handled separately from deposit account POD designations
- Joint account holders may need to agree on beneficiary designations
First Federal Credit Union Contact Center
Phone(319) 743-7806
Mailing Address
First Federal Credit Union, 1035 N Center Point Rd, Hiawatha, IA 52233
After Hours Lost/Stolen Card
WebsiteLearn more→
First Federal Credit Union Contact Center
Phone(319) 743-7806
Mailing Address
First Federal Credit Union, 1035 N Center Point Rd, Hiawatha, IA 52233
After Hours Lost/Stolen Card
WebsiteLearn more→
Member Services
Phone(319) 743-7806
Mailing Address
First Federal Credit Union, 1035 N Center Point Rd, Hiawatha, IA 52233
Verified Mar 2026
Estate planning articles
Learn how to protect your First Federal CU accounts and other assets with trusts, beneficiary designations, and estate planning documents.
