Estate planning at PenAir
How to protect 23 PenAir accounts — manage beneficiaries in-branch, fund a trust in-branch, and file death claims
Phone877-473-6247
Mailing Address
PenAir Credit Union, Attn: Member Services, 1495 E. Nine Mile Road, Pensacola, FL 32514
Local
Mortgage Department
Wealth Management
Health Savings Accounts
WebsiteLearn more→
Phone877-473-6247
Mailing Address
PenAir Credit Union, Attn: Member Services, 1495 E. Nine Mile Road, Pensacola, FL 32514
Local
Mortgage Department
Wealth Management
Health Savings Accounts
WebsiteLearn more→
Member Services
Phone877-473-6247
Mailing Address
PenAir Credit Union, Attn: Member Services, 1495 E. Nine Mile Road, Pensacola, FL 32514
Verified Apr 2026
PenAir is a credit union offering 23 accounts that interact with estate planning in different ways. As a membership-based credit union, PenAir serves 19 counties: Escambia, Santa Rosa, Okaloosa, Walton, Bay, Washington, Holmes, Jackson, Calhoun, Gulf, Franklin, Liberty, Gadsden, Wakulla, and Leon counties in Florida; Mobile, Baldwin, Escambia, and Houston counties in Alabama; and Montgomery County, Roanoke County, City of Radford, City of Roanoke, and City of Salem in Virginia. 15+ branch locations in Northwest Florida, Southern Alabama, and Southwest Virginia. Membership open to anyone who lives, works, worships, or attends school in the eligible service area. $5 minimum deposit in a Savings Account to establish membership. Understanding how each account transfers at death—and which ones a trust can hold—helps families avoid probate delays and unintended outcomes.
Beneficiary changes at PenAir can be made in branch and by phone. Accounts can also be retitled into a trust to keep them out of probate entirely.
PenAir has documented procedures for both preparing accounts during your lifetime and handling claims when an account holder passes away.
Preparing your estate
Beneficiaries and trust funding
How to update beneficiaries in-branch, fund a trust in-branch, and review 23 account types at PenAir.
View details →When someone dies
Death claim process
5-step process, 5 required documents, and contact information for survivors.
View details →PenAir is not available nationwide. Estate planning procedures may vary by state, so confirm that your location is served before making account changes.
Frequently asked questions
Personal Checking has no monthly fee, no minimum balance, and includes a free Mastercard debit card with surcharge-free ATM access. High-Yield Checking also has no monthly fee and no balance requirements, but it earns dividends on balances up to $10,000 with APY up to 5.05% when you enroll in eStatements and set up a monthly ACH deposit of at least $250 in a single transaction. Both accounts include online and mobile banking with mobile check deposit. High-Yield Checking is limited to one account per Social Security Number and is not available for trust accounts, business accounts, or other special accounts. For estate planning purposes, Personal Checking is the appropriate checking option to retitle under a trust.
PenAir offers three Mastercard credit cards. The PenAir Rewards Mastercard earns points redeemable at checkout with a variable rate as low as 12.40% APR, plus 20,000 bonus points when you spend $1,000 in the first 90 days. The Low-Rate Mastercard offers a variable rate as low as 10.24% APR. The Secured Mastercard (as low as 16.40% APR) is designed for building or rebuilding credit with a refundable deposit. All cards have no annual fee, no balance transfer fee, contactless capability, and 24/7 fraud monitoring.
PenAir offers conventional mortgages (conforming and non-conforming, including jumbo and portfolio loans), mortgage refinancing, construction-to-permanent mortgages for custom home building, and home equity loans. Lot loans are also available. Contact the Mortgage Department at 850-505-3200 ext. 8360 or mortgageteam@penair.org for rates and to schedule an appointment.
PenAir partners with Legal Karma to offer online estate planning documents, accessible at estateplanning.penair.org. Available packages include a Will Package ($299 single / $349 joint) covering a Last Will and Testament, Financial Power of Attorney, Advance Healthcare Directive, and HIPAA Authorization; a Trust Package ($699 single / $899 joint) that adds a Revocable Living Trust, Certificate of Trust, and Pour-Over Will; and a Power of Attorney Package ($199). After completing a short assessment, members can complete documents with specialist support. Legal Karma is not a law firm and does not provide legal advice.
Personal Checking, Primary Savings, Round It Account, Christmas Club Account, Money Market Account, and Certificates of Deposit can all be retitled or opened in a trust's name. High-Yield Checking is explicitly not available for trust accounts. Health Savings Accounts and IRA accounts (Traditional and Roth) cannot be retitled to a trust, but IRAs can name a trust as beneficiary. Contact PenAir at 877-473-6247 or visit any branch to open or retitle accounts in a trust name.
Sources
Data sourced from PenAir primary sources (29 pages reviewed). How we research.
Phone877-473-6247
Mailing Address
PenAir Credit Union, Attn: Member Services, 1495 E. Nine Mile Road, Pensacola, FL 32514
Local
Mortgage Department
Wealth Management
Health Savings Accounts
WebsiteLearn more→
Phone877-473-6247
Mailing Address
PenAir Credit Union, Attn: Member Services, 1495 E. Nine Mile Road, Pensacola, FL 32514
Local
Mortgage Department
Wealth Management
Health Savings Accounts
WebsiteLearn more→
Member Services
Phone877-473-6247
Mailing Address
PenAir Credit Union, Attn: Member Services, 1495 E. Nine Mile Road, Pensacola, FL 32514
Verified Apr 2026
Estate planning articles
Learn how to protect your PenAir accounts and other assets with trusts, beneficiary designations, and estate planning documents.
