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

With 14 product types, OnPoint Community CU 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.

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1Visit any OnPoint branch location

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

3Provide government-issued photo ID

4Complete the form with beneficiary details

5All account owners must sign the form

Required Documents

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

Special Requirements

POD designations apply to checking, savings, money market, and certificate of deposit accounts
IRA and HSA accounts use a separate beneficiary designation process governed by the IRA/HSA agreement
POD beneficiaries receive equal shares unless otherwise designated
Submitting a new POD designation replaces all prior beneficiary designations on the account
OnPoint is not obligated to notify POD beneficiaries of the designation
Accounts payable to more than one POD beneficiary are owned jointly and equally by surviving beneficiaries with rights of survivorship