How to name beneficiaries and fund a trust at Pawtucket CU
Covers 8 deposit, 3 retirement, and 5 lending accounts — beneficiaries must be updated in-branch
Brand change
Pawtucket Credit Union rebranded as Coastal1 Credit Union in 2022. This is a name change, not a merger or acquisition: the same member-owned credit union continues, and account ownership, POD beneficiary designations, joint titling, and trust-titled accounts established under the Pawtucket Credit Union name remain in force. There is no successor institution -- use Coastal1 channels (coastal1.org, 401-722-2212) for all account, beneficiary, and estate matters.
The procedures below reflect Pawtucket CU's accounts. Account servicing may transfer as the change takes effect.
Coastal1 Credit Union, 1200 Central Avenue, Pawtucket, RI 02861
Coastal1 Credit Union, 1200 Central Avenue, Pawtucket, RI 02861
Retail Services Department
Coastal1 Credit Union, 1200 Central Avenue, Pawtucket, RI 02861
Estate planning at Pawtucket CU means getting each account set up so it transfers automatically when you die—either through a POD beneficiary or trust ownership. Because Pawtucket CU is a membership-based institution, trust retitling must maintain the membership eligibility requirement. Without one of these in place, accounts may require probate before your family can access the funds.
Pawtucket CU offers 16 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.
- All account holders must sign the form
Required Documents
- Trust name, date established, and tax ID (EIN or SSN)
Special Requirements
- Eligible accounts: checking, savings, money market, and certificate of deposit accounts
- IRA accounts use a separate beneficiary designation process
- All account holders must sign the beneficiary designation form
- Submitting a new beneficiary form replaces all prior designations
Sources
Data sourced from Pawtucket CU primary sources (15 pages reviewed). How we research.
Download these Pawtucket CU instructions
Download instructions for the whole estateA printable PDF with the steps, required documents, and contact details — verified against Pawtucket CU primary sources. Bring it to the branch or keep it beside the phone.
Coastal1 Credit Union, 1200 Central Avenue, Pawtucket, RI 02861
Coastal1 Credit Union, 1200 Central Avenue, Pawtucket, RI 02861
Retail Services Department
Coastal1 Credit Union, 1200 Central Avenue, Pawtucket, RI 02861
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