How to name beneficiaries and fund a trust at GE Credit Union
Covers 10 deposit, and 5 retirement accounts — beneficiaries must be updated in-branch
Member Services
11311 Cornell Park Drive, Cincinnati, OH 45242
Member Services
11311 Cornell Park Drive, Cincinnati, OH 45242
Relationship Banking (Deceased Accounts)
11311 Cornell Park Drive, Cincinnati, OH 45242
Estate planning at GE Credit Union means getting each account set up so it transfers automatically when you die—either through a POD beneficiary or trust ownership. Because GE Credit Union 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.
GE Credit Union offers 15 accounts, each with its own transfer rules. The sections below cover how to set up beneficiaries, fund a trust, and which products support each approach.
- Full name
- Date of birth
- Social Security number
- Relationship to account owner
Required Documents
- Trust name, date established, and tax ID (EIN or SSN)
Special Requirements
- POD designations available for deposit accounts (checking, savings, certificates, money market)
- POD designations do not apply to IRA accounts; IRAs use a separate beneficiary designation
- To name a beneficiary other than your spouse, you and your spouse must complete the form and the spouse signature must be notarized
- When two or more beneficiaries are named and survive the death of all account owners, beneficiaries own the account in equal shares without right of survivorship
- Account owners may change beneficiaries, change account types, and withdraw funds at any time
- A will or trust does not override the beneficiary designation form on file with GECU
- Review recommended after marriage, divorce, birth, or death of a beneficiary
Sources
Data sourced from GE Credit Union primary sources (21 pages reviewed). How we research.
Download these GE Credit Union instructions
Download instructions for the whole estateA printable PDF with the steps, required documents, and contact details — verified against GE Credit Union primary sources. Bring it to the branch or keep it beside the phone.
Member Services
11311 Cornell Park Drive, Cincinnati, OH 45242
Member Services
11311 Cornell Park Drive, Cincinnati, OH 45242
Relationship Banking (Deceased Accounts)
11311 Cornell Park Drive, Cincinnati, OH 45242
Estate planning articles
Learn how to protect your GE Credit Union accounts and other assets with trusts, beneficiary designations, and estate planning documents.
