How to name beneficiaries and fund a trust at Idaho Central CU
Beneficiaries are managed online, in branch or by mail. Trust paperwork is taken in branch
There are two ways to keep your Idaho Central CU accounts out of probate: adding Payable on Death designations and retitling accounts into a trust. Because Idaho Central CU is a membership-based institution, trust retitling must maintain the membership eligibility requirement. Both methods ensure your accounts transfer directly to the people you choose, without court involvement.
Idaho Central CU has 20 product types, and the estate transfer rules differ across them. Some support Payable on Death (POD) designations, some can be retitled into a trust, and others pass through the estate if nothing is set up. Each is covered below.
Beneficiary form at Idaho Central CU
POD beneficiary designation form (for payable-on-death accounts).
- Full legal name
- Date of birth
- Relationship to account holder
- Current address and phone number
- Full legal name
- Date of birth
- Relationship to account holder
- Current address and phone number
- Full legal name
- Date of birth
- Relationship to account holder
- Current address and phone number
Required Documents
- Beneficiary's full legal name
- Beneficiary's date of birth
- Beneficiary's relationship to the account holder
- Beneficiary's current address and phone number
- Government-issued photo ID (at a branch)
- Certificate of Trust (to name a trust as beneficiary)
- Notarized designation form (when submitting by mail outside a branch)
- Complete trust agreement or Certificate of Trust
- Government-issued photo ID for all trustees
- Trust tax identification number (EIN for irrevocable trusts; SSN acceptable for revocable trusts)
- Complete trust account application to retitle existing accounts into the trust name
- Confirm any existing POD designations are reviewed and updated as needed after retitling
- For accounts you prefer not to retitle, you may instead designate the trust as POD beneficiary on existing deposit accounts
Required Documents
- Trust agreement or Certificate of Trust. A full trust agreement or a Certificate of Trust is accepted; the Certificate of Trust is preferred for privacy
- Government-issued photo ID (for all trustees)
- Trust tax identification number. An EIN for irrevocable trusts; an SSN is acceptable for revocable trusts
- Full legal name
- Date of birth
- Relationship to account holder
- Current address and phone number
- Full legal name
- Date of birth
- Relationship to account holder
- Current address and phone number
- Full legal name
- Date of birth
- Relationship to account holder
- Current address and phone number
Required Documents
- Beneficiary's full legal name
- Beneficiary's date of birth
- Beneficiary's relationship to the account holder
- Beneficiary's current address and phone number
- Government-issued photo ID (at a branch)
- Certificate of Trust (to name a trust as beneficiary)
- Notarized designation form (when submitting by mail outside a branch)
What Idaho Central CU says about beneficiaries and trusts
Each section is Idaho Central CU's own statement, with the document it comes from numbered under Sources.
Which accounts take a beneficiary3
- Payable-on-death account
Most personal deposit accounts can carry a POD beneficiary designation, including checking, savings, money market, and certificates of deposit.1
- Business account
POD designations are not available on loans and most business products.1
- IRA
An IRA is designated on its own retirement paperwork, not the deposit-account POD form.1
Who can be named3
- A trust
A trust can be a POD beneficiary "as long as a trust is not an owner of the account". ICCU requires the Certificate of Trust to name one.1
- A charity or nonprofit
ICCU states "we do not list organizations (such as a food bank, orphanage, homeless shelter, etc.) as POD" and directs a charitable gift to a will instead.1
- A minor
A minor can be named, and additional steps may apply depending on the situation.1
How many beneficiaries, and how shares are split
- All accounts
Multiple beneficiaries without specified percentages receive equal shares by default. Custom allocations require written instruction.1
What a designation takes to be effective
- All accounts
In a branch, a Membership Officer witnesses and approves the form and no notary is needed. Signing during a VideoChat session satisfies the witnessing requirement, so no notary is needed.1, 2
A form completed away from a branch "must be notarized unless you sign during an ICCU VideoChat session".1
Beneficiary forms Idaho Central CU issues1
- POD beneficiary designation form
For payable-on-death accounts. Sent by the institution on request.1
Return to
Mailing address: P.O. Box 2469, Pocatello, ID 83206-2469
What Idaho Central CU's agreement says about beneficiaries4
- Changing or revoking a designation
A new POD form revokes all prior POD designations, so every intended beneficiary is listed again on each update.1
- What the owner keeps while living
POD beneficiaries have no rights to funds while any account owner is living.1
- Joint accounts
For joint accounts, the POD becomes effective only after the last surviving joint owner dies.1
- Which state governs the account
ICCU states "PODs are governed by the Membership & Account Agreement and your signed beneficiary designation. If anything on this webpage conflicts with the Agreement or your executed forms, those documents control".1
Trust account forms Idaho Central CU issues1
- Trust account application
Completed by the trustee, with a branch representative. Provided at a branch.3
What Idaho Central CU says about trust accounts2
- Review of the trust document
Under the ICCU account agreement, the power of attorney and trust account provisions require the credit union to review documentation before any agent is authorized to transact on the account.3
- Membership
The membership page sets the eligibility rule for a trust to hold an ICCU account: "Trusts composed entirely of persons (settlor, trustee, and beneficiary) or irrevocable trusts of such persons who are eligible members of the Credit Union."4
Not in Idaho Central CU's published guidance1
- A beneficiary form to download
Sources4
- 1.Account beneficiaries
- 2.ICCU VideoChat
- 3.Membership & Account Agreement
- 4.Membership
Sources
Data sourced from Idaho Central CU primary sources (28 pages reviewed). How we research.
Download these Idaho Central CU instructions
Download instructions for the whole estateA printable PDF with the steps, required documents, and contact details — verified against Idaho Central CU primary sources. Bring it to the branch or keep it beside the phone.
Idaho Central CU estate support
ICCU Wealth Management (Planning & Investing)
Phone
Private Client Department
Hours
Mailing address
Website
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