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

Nusenda CU 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.

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1Visit any Nusenda branch with government-issued photo ID

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

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)
Naming a beneficiary for bank accounts makes them payable on death to beneficiaries
Investment and retirement plan accounts should have beneficiaries designated separately
Investment account beneficiaries managed through LPL Financial
Review recommended after marriage, divorce, birth of a child, or other life changes