How to name beneficiaries and fund a trust at PenAir
Covers 8 deposit, 2 retirement, and 13 lending accounts — beneficiaries must be updated in-branch
Brand change
Pen Air Federal Credit Union converted to a Florida state charter effective October 1, 2022 and now operates as PenAir Credit Union. Same institution, same member accounts, no successor — only the charter and the name changed. Effective October 2022.
The procedures below reflect PenAir's accounts. Account servicing may transfer as the change takes effect.
Phone877-473-6247
Mailing Address
PenAir Credit Union, Attn: Member Services, 1495 E. Nine Mile Road, Pensacola, FL 32514
Local
Lost card or fraud (option 3)
Mortgage Department
Wealth Management (IRAs)
Health Savings Accounts (Ascensus)
WebsiteLearn more→
Phone877-473-6247
Mailing Address
PenAir Credit Union, Attn: Member Services, 1495 E. Nine Mile Road, Pensacola, FL 32514
Local
Lost card or fraud (option 3)
Mortgage Department
Wealth Management (IRAs)
Health Savings Accounts (Ascensus)
WebsiteLearn more→
Member Services
Phone877-473-6247
Mailing Address
PenAir Credit Union, Attn: Member Services, 1495 E. Nine Mile Road, Pensacola, FL 32514
Local
Mortgage Department
Wealth Management (IRA claims)
WebsiteNotify online→
Verified Jul 2026
The goal with your PenAir accounts is to make sure every account has a transfer mechanism in place—either a POD beneficiary designation or trust ownership. Because PenAir is a membership-based institution, trust retitling must maintain the membership eligibility requirement. Accounts without either one will require probate, which means court involvement and delays for your family.
Across 23 product types, PenAir accounts vary in how they transfer at death. The sections below walk through Payable on Death (POD) designations, trust funding options, and which products support each method.
Personal CheckingHigh-Yield CheckingPrimary SavingsRound It AccountChristmas Club AccountMoney Market AccountCertificate of DepositHealth Savings Account (HSA)
1
Visit any PenAir branch location, or book a slot first at penair.org/contact/schedule-appointment:
- Bring government-issued photo ID
- Have the account number and, for each beneficiary, the name, FULL Social Security number, date of birth, and contact information — PenAir asks for the full SSN, not the last four
2
Complete the beneficiary designation with a member services representative:
- Designate primary and contingent beneficiaries with percentage allocations
- On a deposit account this creates a Payable on Death (POD) designation under Section 31 of the Membership and Account Agreement
- IRA beneficiaries are designated separately from deposit-account POD beneficiaries
3
Sign and submit the completed form
Required Documents
- Trust name, date established, and tax ID (EIN or SSN)
Special Requirements
- You must be a PenAir member to designate or modify beneficiaries
- PenAir requires the beneficiary's FULL Social Security number, date of birth, and contact information
- No online self-service beneficiary updates — phone, branch, or scheduled video appointment only
- POD designations are available on deposit accounts (checking, savings, money market, certificates); High-Yield Checking is excluded from trust titling
- IRA beneficiary designations are separate from deposit-account POD designations
Sources
Data sourced from PenAir primary sources (16 pages reviewed). How we research.
Download these PenAir instructions
Download instructions for the whole estateA printable PDF with the steps, required documents, and contact details — verified against PenAir primary sources. Bring it to the branch or keep it beside the phone.
Phone877-473-6247
Mailing Address
PenAir Credit Union, Attn: Member Services, 1495 E. Nine Mile Road, Pensacola, FL 32514
Local
Lost card or fraud (option 3)
Mortgage Department
Wealth Management (IRAs)
Health Savings Accounts (Ascensus)
WebsiteLearn more→
Phone877-473-6247
Mailing Address
PenAir Credit Union, Attn: Member Services, 1495 E. Nine Mile Road, Pensacola, FL 32514
Local
Lost card or fraud (option 3)
Mortgage Department
Wealth Management (IRAs)
Health Savings Accounts (Ascensus)
WebsiteLearn more→
Member Services
Phone877-473-6247
Mailing Address
PenAir Credit Union, Attn: Member Services, 1495 E. Nine Mile Road, Pensacola, FL 32514
Local
Mortgage Department
Wealth Management (IRA claims)
WebsiteNotify online→
Verified Jul 2026
Estate planning articles
Learn how to protect your PenAir accounts and other assets with trusts, beneficiary designations, and estate planning documents.
