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

IMCU offers 13 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.

Free CheckingPREFERRED CheckingMembership SavingsMoney Market AccountHigh Yield Money MarketShare CertificateHealth Savings Account (HSA)HSA Certificate

1Visit any IMCU branch with government-issued photo ID

2Request a POD (Payable on Death) beneficiary designation form

3Provide beneficiary details: full name, date of birth, Social Security number, and relationship

4Designate primary and contingent beneficiaries

5Specify percentage allocation if naming multiple beneficiaries

6Sign and submit the completed form

Required Documents

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

Special Requirements

POD designations available for deposit accounts (checking, savings, certificates, money market)
POD designations do not apply to IRA accounts; IRAs use a separate beneficiary designation
Online beneficiary designation is not available; must use branch, phone, or mail
When multiple beneficiaries survive the account owner, funds are distributed in equal shares without rights of survivorship unless state law provides otherwise
Review recommended after marriage, divorce, birth, or death of a beneficiary