How to name beneficiaries and fund a trust at PenFed
Covers 7 deposit, and 3 retirement accounts — beneficiaries can be managed online
Pentagon Federal Credit Union, Box 247009, Omaha, NE 68124-7009
Pentagon Federal Credit Union, Box 247009, Omaha, NE 68124-7009
Estate Accounts (PenFed Member Services)
Pentagon Federal Credit Union, Box 247009, Omaha, NE 68124-7009 (courier: 13220 Fort Street, Omaha, NE 68164)
Preparing your PenFed accounts for estate transfer involves two key steps: designating beneficiaries on each account and, where appropriate, retitling accounts into a trust. Because PenFed 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.
Across 10 product types, PenFed 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.
- Add or remove beneficiaries on a deposit/share account
- Provide each beneficiary's name, Social Security number, physical address, and percentage allocation
Required Documents
- Trust name, date established, and tax ID (EIN or SSN)
Special Requirements
- POD designation is available on deposit accounts; PenFed collects beneficiary detail partly to determine NCUA insurance coverage, and without it an account is insured as an individual or joint account
- A trust can be named beneficiary of both share accounts (Form 13) and IRAs (Form 732)
- Form 733 requires the surviving beneficiary to notify PenFed immediately upon the death of a designated primary IRA beneficiary
- PenFed does not accept a faxed power of attorney — an original or certified copy must be mailed, together with a notarized Statement of Indemnity (Form L-12) and the POA Agent's Affidavit (Form 172)
Sources
Data sourced from PenFed primary sources (17 pages reviewed). How we research.
Download these PenFed instructions
Download instructions for the whole estateA printable PDF with the steps, required documents, and contact details — verified against PenFed primary sources. Bring it to the branch or keep it beside the phone.
Pentagon Federal Credit Union, Box 247009, Omaha, NE 68124-7009
Pentagon Federal Credit Union, Box 247009, Omaha, NE 68124-7009
Estate Accounts (PenFed Member Services)
Pentagon Federal Credit Union, Box 247009, Omaha, NE 68124-7009 (courier: 13220 Fort Street, Omaha, NE 68164)
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