How to name beneficiaries and fund a trust at OCCU
Covers 5 deposit, 2 retirement, and 2 lending accounts — beneficiaries must be updated in-branch
OCCU, P.O. Box 77002, Springfield, OR 97475-0146
OCCU, P.O. Box 77002, Springfield, OR 97475-0146
Member Services / Estate Settlement
OCCU, P.O. Box 77002, Springfield, OR 97475-0146
Preparing your OCCU accounts for estate transfer involves two key steps: designating beneficiaries on each account and, where appropriate, retitling accounts into a trust. Because OCCU 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.
The transfer rules at OCCU vary across 9 accounts. Below is a breakdown of beneficiary options, trust funding, and which products support each method.
- For deposit accounts: request POD (Payable on Death) designation with beneficiary full legal name, date of birth, Social Security number, and relationship
- For IRA accounts: complete the IRA Beneficiary Designation form with primary and contingent beneficiary sections
Required Documents
- Trust name, date established, and tax ID (EIN or SSN)
Special Requirements
- Trust beneficiary designations may require a copy of the Certification of Trust
- IRA beneficiary changes for married account holders may require spousal consent
Sources
Data sourced from OCCU primary sources (20 pages reviewed). How we research.
Download these OCCU instructions
Download instructions for the whole estateA printable PDF with the steps, required documents, and contact details — verified against OCCU primary sources. Bring it to the branch or keep it beside the phone.
OCCU, P.O. Box 77002, Springfield, OR 97475-0146
OCCU, P.O. Box 77002, Springfield, OR 97475-0146
Member Services / Estate Settlement
OCCU, P.O. Box 77002, Springfield, OR 97475-0146
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