How to name beneficiaries and fund a trust at Langley FCU
Covers 11 deposit, 4 retirement, and 1 investment accounts — beneficiaries must be updated in-branch
Customer Service
Langley Federal Credit Union, P.O. Box 120128, Newport News, VA 23612
IRA Department
Langley Federal Credit Union, P.O. Box 120128, ATTN: IRA Department, Newport News, VA 23612
Deceased Representatives (Deceased Member Support)
Langley Federal Credit Union, P.O. Box 120128, Newport News, VA 23612
Preparing your Langley FCU accounts for estate transfer involves two key steps: designating beneficiaries on each account and, where appropriate, retitling accounts into a trust. Because Langley FCU 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 16 product types, Langley FCU 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.
- Full name
- Date of birth
- Social Security number
- Relationship to account owner
Required Documents
- Trust name, date established, and tax ID (EIN or SSN)
Special Requirements
- POD designation is an instruction that upon the death of the last account owner, funds are payable to all surviving POD beneficiaries/payees
- Unless state law provides otherwise, multiple beneficiaries own funds jointly in equal shares without rights of survivorship
- POD designations available on checking, savings, money market, and certificate accounts
- A POD or trust beneficiary/payee designation NEVER applies to an IRA (Membership and Account Agreement Sec. 5) — IRAs carry their own beneficiary form, handled by Langley's separate IRA Department (757-825-7103, fax 757-825-7146)
- POD accounts are NCUA-insured separately up to $250,000 per beneficiary
- Changes can be made at any time by submitting a new form
Sources
Data sourced from Langley FCU primary sources (22 pages reviewed). How we research.
Download these Langley FCU instructions
Download instructions for the whole estateA printable PDF with the steps, required documents, and contact details — verified against Langley FCU primary sources. Bring it to the branch or keep it beside the phone.
Customer Service
Langley Federal Credit Union, P.O. Box 120128, Newport News, VA 23612
IRA Department
Langley Federal Credit Union, P.O. Box 120128, ATTN: IRA Department, Newport News, VA 23612
Deceased Representatives (Deceased Member Support)
Langley Federal Credit Union, P.O. Box 120128, Newport News, VA 23612
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