Preparing your Global CU accounts for estate transfer involves two key steps: designating beneficiaries on each account and, where appropriate, retitling accounts into a trust. Because Global 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.

With 10 product types, Global CU offers a range of transfer options. Some accounts support Payable on Death (POD) designations, others can be retitled into a trust, and some require probate if no beneficiary is designated. The sections below break down each step.

Core Free CheckingLatitude CheckingSavings AccountMoney Market AccountCertificate AccountTrust AccountHealth Savings Account (HSA)

1Visit any Global Credit Union branch

2Request a Payable on Death (POD) beneficiary designation form

3Provide beneficiary information: full name, date of birth, Social Security number, and relationship

4Specify percentage allocation if naming multiple beneficiaries

5All account holders must sign the form

6Submit to a member service representative for processing

Required Documents

Trust name, date established, and tax ID (EIN or SSN)

Special Requirements

POD designation available for checking, savings, money market, and certificate accounts
IRAs use a separate beneficiary designation form
Trusts can be named as POD beneficiaries
Multiple beneficiaries permitted with customizable allocation percentages
Beneficiaries must be added to each account individually
Changes can be made at any time at no charge
POD accounts are NCUA-insured separately up to $250,000 per beneficiary