How to name beneficiaries and fund a trust at Granite State CU
Covers 9 deposit, 1 retirement, 1 investment, and 4 lending accounts — beneficiaries can be managed online
Member Services
Granite State Credit Union, P.O. Box 6420, Manchester, NH 03108-6420
Member Services
Granite State Credit Union, P.O. Box 6420, Manchester, NH 03108-6420
Member Services (deceased member accounts)
Granite State Credit Union, P.O. Box 6420, Manchester, NH 03108-6420
Preparing your Granite State CU accounts for estate transfer involves two key steps: designating beneficiaries on each account and, where appropriate, retitling accounts into a trust. Because Granite State 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.
Across 15 product types, Granite State CU 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.
Required Documents
- Trust name, date established, and tax ID (EIN or SSN)
Special Requirements
- Every accountholder must sign to add or update beneficiaries
- Signed applications may be returned by email, fax, or US mail -- beneficiaries cannot be added or changed inside online or mobile banking
- There is no limit on the number of beneficiaries per account, but the online account-opening flow accepts only two
- GSCU splits funds as evenly as possible among the named beneficiaries; it does not administer custom percentage allocations, so unequal shares have to be handled outside the POD designation (for example, through a trust)
- Beneficiaries do not have to be GSCU members, do not sign anything, and need not be present -- you can name someone without their knowing, and GSCU says it is the member's responsibility to tell them
- Beneficiaries get no rights to the account until every accountholder has passed away
- IRA accounts carry their own beneficiary designation; the deposit-account POD designation does not apply to them
- Beneficiaries are recorded per account, so a member with several accounts should confirm the designation on each one
- GSCU does not display beneficiaries in online banking -- call 1-800-645-4728, email members@gscu.org, or ask at a branch to find out who is currently named
- POD accounts are NCUA-insured separately up to $250,000 per qualifying beneficiary
Sources
Data sourced from Granite State CU primary sources (17 pages reviewed). How we research.
Download these Granite State CU instructions
Download instructions for the whole estateA printable PDF with the steps, required documents, and contact details — verified against Granite State CU primary sources. Bring it to the branch or keep it beside the phone.
Member Services
Granite State Credit Union, P.O. Box 6420, Manchester, NH 03108-6420
Member Services
Granite State Credit Union, P.O. Box 6420, Manchester, NH 03108-6420
Member Services (deceased member accounts)
Granite State Credit Union, P.O. Box 6420, Manchester, NH 03108-6420
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