Estate planning at Service CU
How to protect 14 Service CU accounts — manage beneficiaries in-branch, fund a trust in-branch, and file death claims
Member Service
Service Credit Union, 3003 Lafayette Road, Portsmouth, NH 03801
Member Service
Service Credit Union, 3003 Lafayette Road, Portsmouth, NH 03801
Inheritor Services
Inheritor Services, Service Credit Union, P.O. Box 1268, Portsmouth, NH 03802-1268
Service CU offers 14 accounts, each with its own rules for what happens when a member dies. As a membership-based credit union, Service CU approximately 35 branches in New Hampshire, 2 in Massachusetts, 1 in North Dakota (Grand Forks AFB), and 14 on U.S. military installations throughout Germany. Membership open to military members, Department of Defense civilians, and residents of select communities. CO-OP Shared Branch network access at 6,000+ branches nationwide. Headquarters at 3003 Lafayette Road, Portsmouth, NH 03801. Some transfer automatically to a named beneficiary, others can be held in a trust, and a few may require probate if no plan is in place.
Beneficiary changes at Service CU can be made in branch and by phone. Accounts can also be retitled into a trust to keep them out of probate entirely.
Service CU 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 14 account types at Service CU.
View details →When someone dies
Death claim process
5-step process, 8 required documents, and contact information for survivors.
View details →Because Service CU serves a limited number of states, procedures for trust funding and beneficiary changes may differ depending on your location. Verify availability before starting.
Frequently asked questions
Service CU offers investment and financial planning services through Service Financial Group. Securities and advisory services are offered through LPL Financial, a registered broker-dealer and investment advisor (member FINRA/SIPC). Available services include retirement planning consultations, investment management, and rollover IRA assistance. These products are not NCUA insured. Service CU provides referrals to LPL Financial pursuant to a referral agreement.
Service CU membership is open to active duty military, veterans, Department of Defense civilians, and their families. Membership is also available to residents of select communities in New Hampshire, Massachusetts, and North Dakota. Service CU operates 50+ branches including locations in Germany serving U.S. military personnel. Membership requires a $5 deposit into a Primary Savings Account.
The Deployed Warrior Savings Account earns 10.00% APY on daily balances up to $10,000 and 0.10% APY on balances over $10,000. It is available to active-duty military, reserve, and guard members serving in combat zones as defined by Service CU. Deployment orders must be provided. Monthly deposits cannot exceed net military pay. Withdrawals are not permitted; if funds are withdrawn before the redeployment date plus 120 days, the account closes and funds transfer to a Primary Savings Account. The account stops earning 10% APY at month-end of the return date plus 120 days.
Sources
Data sourced from Service CU primary sources (21 pages reviewed). How we research.
Member Service
Service Credit Union, 3003 Lafayette Road, Portsmouth, NH 03801
Member Service
Service Credit Union, 3003 Lafayette Road, Portsmouth, NH 03801
Inheritor Services
Inheritor Services, Service Credit Union, P.O. Box 1268, Portsmouth, NH 03802-1268
Estate planning articles
Learn how to protect your Service CU accounts and other assets with trusts, beneficiary designations, and estate planning documents.
