How to name beneficiaries and fund a trust at FourLeaf FCU
Covers 7 deposit, 2 retirement, and 2 investment accounts — beneficiaries must be updated in-branch
FourLeaf Federal Credit Union, 899 S. Oyster Bay Road, Bethpage, NY 11714
FourLeaf Federal Credit Union, 899 S. Oyster Bay Road, Bethpage, NY 11714
Operations - Decedent Claims
FourLeaf Federal Credit Union, ATTN: Operations - Decedent Claims, PO Box 2069, Glen Burnie, MD 21060
Preparing your FourLeaf FCU accounts for estate transfer involves two key steps: designating beneficiaries on each account and, where appropriate, retitling accounts into a trust. Because FourLeaf FCU 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.
Across 11 product types, FourLeaf FCU accounts vary in how they transfer at death. The sections below walk through Payable on Death (POD) designations, trust funding options, and which products support each method.
- Request to add or update beneficiary (POD) designation on your account
- Enter beneficiary name(s), relationship, and percentage allocation (up to 4 per card)
- Sign and submit the completed card to the branch representative
Required Documents
- Trust name, date established, and tax ID (EIN or SSN)
Special Requirements
- POD (Payable on Death) available for all deposit accounts
- Revocable Trust Accounts (also called Totten Trust) are treated as POD accounts
- Up to 4 beneficiaries per Membership Account Signature Card; complete additional cards for more
- Beneficiaries cannot withdraw unless all account creators have died and the beneficiary is living
- Single-owner accounts with designated beneficiaries are closed and funds distributed to beneficiaries upon death
- Beneficiary does not need to be a FourLeaf member
- Online beneficiary designation is not available
Sources
Data sourced from FourLeaf FCU primary sources (22 pages reviewed). How we research.
Download these FourLeaf FCU instructions
Download instructions for the whole estateA printable PDF with the steps, required documents, and contact details — verified against FourLeaf FCU primary sources. Bring it to the branch or keep it beside the phone.
FourLeaf Federal Credit Union, 899 S. Oyster Bay Road, Bethpage, NY 11714
FourLeaf Federal Credit Union, 899 S. Oyster Bay Road, Bethpage, NY 11714
Operations - Decedent Claims
FourLeaf Federal Credit Union, ATTN: Operations - Decedent Claims, PO Box 2069, Glen Burnie, MD 21060
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