How to name beneficiaries and fund a trust at Hanscom FCU
Covers 9 deposit, 5 retirement, and 10 lending accounts — beneficiaries must be updated in-branch
Hanscom Federal Credit Union, 25 Porter Road, Suite 100, Littleton, MA 01460-1434
Hanscom Federal Credit Union, 25 Porter Road, Suite 100, Littleton, MA 01460-1434
Member Engagement Center (deceased member accounts)
Hanscom Federal Credit Union, 25 Porter Road, Suite 100, Littleton, MA 01460-1434
The goal with your Hanscom FCU accounts is to make sure every account has a transfer mechanism in place—either a POD beneficiary designation or trust ownership. Because Hanscom FCU is a membership-based institution, trust retitling must maintain the membership eligibility requirement. Accounts without either one will require probate, which means court involvement and delays for your family.
Across 24 product types, Hanscom 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.
- Valid government-issued photo ID
- Trust name, date, and EIN if you are naming a trust as beneficiary
Required Documents
- Trust name, date established, and tax ID (EIN or SSN)
Special Requirements
- Hanscom FCU records the beneficiary as a Revocable Trust (Totten Trust) account under its Disclosure for Personal Accounts: one or two owners (called trustees) hold the account in trust for another, and on the death of the trustee(s) payment may be made to the person for whom the trust was made, or to that person's legal representative.
- IRA accounts have separate beneficiary designations on the IRA application; a POD/Totten designation on a checking or savings account does not carry over to an IRA.
- A trust can be named as the POD beneficiary on a deposit account.
- The credit union will not automatically notify beneficiaries; account holders should tell their beneficiaries which accounts exist.
- Any pledge of the account (for example, collateral on a share-secured loan) must be satisfied before the rights of a surviving owner or account beneficiary become effective.
- No downloadable beneficiary form is published on hfcu.org - the form is obtained from the Member Engagement Center or a branch.
Sources
Data sourced from Hanscom FCU primary sources (23 pages reviewed). How we research.
Download these Hanscom FCU instructions
Download instructions for the whole estateA printable PDF with the steps, required documents, and contact details — verified against Hanscom FCU primary sources. Bring it to the branch or keep it beside the phone.
Hanscom Federal Credit Union, 25 Porter Road, Suite 100, Littleton, MA 01460-1434
Hanscom Federal Credit Union, 25 Porter Road, Suite 100, Littleton, MA 01460-1434
Member Engagement Center (deceased member accounts)
Hanscom Federal Credit Union, 25 Porter Road, Suite 100, Littleton, MA 01460-1434
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