How to name beneficiaries and fund a trust at Levo Credit Union
Covers 9 deposit, 3 retirement, and 2 lending accounts — beneficiaries must be updated in-branch
Member Services
Levo Credit Union, 700 E 14th Street, Sioux Falls, SD 57104
Member Services
Levo Credit Union, 700 E 14th Street, Sioux Falls, SD 57104
Member Services - Death Claims
Levo Credit Union, 700 E 14th Street, Sioux Falls, SD 57104
The goal with your Levo Credit Union accounts is to make sure every account has a transfer mechanism in place—either a POD beneficiary designation or trust ownership. Because Levo Credit Union 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.
Each of Levo Credit Union's 14 accounts has different rules for how it transfers at death. The sections below explain the options for each.
- Government-issued photo ID
- Beneficiary details: full legal name, date of birth, Social Security Number, and relationship
- Single-owner accounts: funds pass directly to the named POD beneficiary on death
- Joint accounts: funds pass to surviving joint owner first, then to the named POD beneficiary on death of the last owner
Required Documents
- Trust name, date established, and tax ID (EIN or SSN)
Special Requirements
- POD designations available for deposit accounts (checking, savings, certificates, money market)
- IRA beneficiary designations are separate from POD and are set at account opening or by contacting the credit union
- POD beneficiary designation forms are not available for online self-service
- Investment or insurance products may have separate beneficiary processes
Sources
Data sourced from Levo Credit Union primary sources (16 pages reviewed). How we research.
Download these Levo Credit Union instructions
Download instructions for the whole estateA printable PDF with the steps, required documents, and contact details — verified against Levo Credit Union primary sources. Bring it to the branch or keep it beside the phone.
Member Services
Levo Credit Union, 700 E 14th Street, Sioux Falls, SD 57104
Member Services
Levo Credit Union, 700 E 14th Street, Sioux Falls, SD 57104
Member Services - Death Claims
Levo Credit Union, 700 E 14th Street, Sioux Falls, SD 57104
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