Preparing your Idaho Central CU accounts for estate transfer involves two key steps: designating beneficiaries on each account and, where appropriate, retitling accounts into a trust. Because Idaho Central 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 12 product types, Idaho Central 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.

Central CheckingCentral Plus CheckingStarter CheckingSavings AccountMoney Market SavingsStarter SavingsHealth Savings Account (HSA)Idaho Medical Savings Account (MSA)Certificate of Deposit (CD)

1Visit any ICCU branch location

2Bring government-issued photo ID

3Request to add or update POD (Payable on Death) beneficiary designation

4Provide beneficiary legal name, address, date of birth, and Social Security number

5Sign the updated beneficiary designation in the presence of a credit union representative

Required Documents

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

Special Requirements

POD designation available for all deposit accounts (checking, savings, money market, certificates)
Changes must be provided in writing and signed by all living account owners
IRA beneficiaries require a separate designation form
Upon death of the sole or last surviving owner, payment made to beneficiaries within a reasonable time
Additional NCUA insurance coverage available with multiple POD beneficiaries (up to $250,000 per beneficiary)