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

GreenState CU offers 11 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.

GrowGreen CheckingRewardsPlus CheckingFree CheckingAccess CheckingShare Savings AccountRainy Day Savings AccountMoney Market AccountCertificateTrust Account

1Visit any GreenState 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 qualifying beneficiary