How to name beneficiaries and fund a trust at Quorum FCU
Beneficiaries are managed online. Trust paperwork is taken online
Estate planning at Quorum FCU means getting each account set up so it transfers automatically when you die—either through a POD beneficiary or trust ownership. Because Quorum FCU 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.
Quorum FCU offers 9 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.
Beneficiary form at Quorum FCU
Designation of Beneficiary form (for payable-on-death accounts) and IRA Beneficiary Form (for IRAs).
Required Documents
- Beneficiary's Social Security number (for each beneficiary)
- Beneficiary's date of birth (for each beneficiary)
- Beneficiary's address (for each beneficiary)
- Copy of a government-issued photo ID with the primary owner's signature (with the Designation of Beneficiary form). For example, a license or passport
Required Documents
- Trust documents (uploaded with the online application)
Required Documents
- Beneficiary's Social Security number (for each beneficiary)
- Beneficiary's date of birth (for each beneficiary)
- Beneficiary's address (for each beneficiary)
- Copy of a government-issued photo ID with the primary owner's signature (with the Designation of Beneficiary form). For example, a license or passport
What Quorum FCU says about beneficiaries and trusts
Each section is Quorum FCU's own statement, with the document it comes from numbered under Sources.
Which accounts take a beneficiary2
- Payable-on-death account
If no account suffix is indicated, the beneficiaries are added to all current checking and savings accounts on the membership. Each account opened afterward requires a new beneficiary form.1
- IRA
IRA beneficiaries are not designated through the Designation of Beneficiary form. An IRA Beneficiary Form is requested from the Member Service Team.1
How many beneficiaries, and how shares are split
What a designation takes to be effective
- All accounts
A physical signature is required. E-signatures and PDF signatures are not accepted.1
Beneficiary forms Quorum FCU issues2
What Quorum FCU's agreement says about beneficiaries1
- No beneficiary survives
If no beneficiary of a payable-on-death (Totten trust) account is living, the balance is paid to the estate of the survivor.2
Which accounts a trust can hold1
Not in Quorum FCU's published guidance2
- A list of the specific trust documents required
- A mail or fax channel for a designation
Sources
Data sourced from Quorum FCU primary sources (11 pages reviewed). How we research.
Download these Quorum FCU instructions
Download instructions for the whole estateA printable PDF with the steps, required documents, and contact details — verified against Quorum FCU primary sources. Bring it to the branch or keep it beside the phone.
Quorum FCU estate support
Member Services
Phone
Toll-free
International
Home Equity Loans
Mortgages
Hours
Mailing address
Website
Estate requests go through general customer service.
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