Preparing your Security Service FCU accounts for estate transfer involves two key steps: designating beneficiaries on each account and, where appropriate, retitling accounts into a trust. Because Security Service FCU 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.

With 16 product types, Security Service FCU offers a range of transfer options. Some accounts support Payable on Death (POD) designations, others can be retitled into a trust, and some require probate if no beneficiary is designated. The sections below break down each step.

Power CheckingPower Protected CheckingPower Youth CheckingBasic Savings AccountSavings AccountClub Savings AccountYouth Savings AccountMoney Market AccountMoney Market PlusTraditional CertificateFuture Builder Certificate

1Log in to ssfcu.org and navigate to the Member Forms Library

2Select "Pay-on-Death Beneficiaries" to update POD beneficiaries for existing deposit accounts via DocuSign

3For IRA beneficiaries, select "IRA Beneficiary Designation" and complete the form

4For Coverdell ESA, select "CESA Death Beneficiary Designation"

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Required Documents

Trust name, date established, and tax ID (EIN or SSN)

Special Requirements

POD designation available for all deposit accounts (checking, savings, money market, certificates)
IRA beneficiaries require a separate IRA Beneficiary Designation form
Coverdell ESA beneficiaries require the CESA Death Beneficiary Designation form
POD form available online via DocuSign for immediate submission
Beneficiary does not need to be present or be an SSFCU member
Additional NCUA insurance coverage available with multiple POD beneficiaries (up to $250,000 per beneficiary)