How to name beneficiaries and fund a trust at IMCU
Covers 8 deposit, and 5 retirement accounts — beneficiaries must be updated in-branch
Member Services
Indiana Members Credit Union, P.O. Box 47769, Indianapolis, IN 46247
Indiana Members Investment Services (available through LPL Financial)
Member Services (IMCU has no separate death-claims department or claims portal)
Indiana Members Credit Union, C/O Member Services, P.O. Box 47769, Indianapolis, Indiana 46247
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.
Across 13 product types, IMCU 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.
- Full legal name, date of birth, Social Security number, and relationship for each beneficiary/payee
- Percentage allocation if naming more than one — without a documented split, multiple surviving payees take in equal shares (Section 4)
Required Documents
- Trust name, date established, and tax ID (EIN or SSN)
Special Requirements
- POD/trust account designations are available on deposit accounts (checking, Membership Savings, money market, share certificates) and are recorded on the Membership Card
- POD/trust account designations do not apply to IRAs; IRAs use a separate beneficiary designation on the plan agreement
- IMCU publishes no online beneficiary tool and no downloadable POD form — designations are made in branch, or on paperwork requested by phone and returned by mail
- When more than one payee survives the last owner, they own the funds jointly in equal shares without rights of survivorship unless state law provides otherwise (Section 4)
- Section 4 does not apply to an account held in the name of a trust — a trust-titled account is governed by the trust document, not by a POD designation
- On a joint account, any one owner may act for the others, including changing account designations (Section 3.b)
Sources
Data sourced from IMCU primary sources (15 pages reviewed). How we research.
Download these IMCU instructions
Download instructions for the whole estateA printable PDF with the steps, required documents, and contact details — verified against IMCU primary sources. Bring it to the branch or keep it beside the phone.
Member Services
Indiana Members Credit Union, P.O. Box 47769, Indianapolis, IN 46247
Indiana Members Investment Services (available through LPL Financial)
Member Services (IMCU has no separate death-claims department or claims portal)
Indiana Members Credit Union, C/O Member Services, P.O. Box 47769, Indianapolis, Indiana 46247
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