How to name beneficiaries and fund a trust at SC Federal CU
Covers 6 deposit, and 4 retirement accounts — beneficiaries must be updated in-branch
Contact Center
SC Federal Credit Union, P.O. Box 190012, North Charleston, SC 29419-9012
Contact Center
SC Federal Credit Union, P.O. Box 190012, North Charleston, SC 29419-9012
Death Claims
South Carolina Federal Credit Union, 2175 Credit Union Lane, North Charleston, SC 29419
There are two ways to keep your SC Federal CU accounts out of probate: adding Payable on Death designations and retitling accounts into a trust. Because SC Federal CU is a membership-based institution, trust retitling must maintain the membership eligibility requirement. Both methods ensure your accounts transfer directly to the people you choose, without court involvement.
Each of SC Federal CU's 10 accounts has different rules for how it transfers at death. The sections below explain the options for each.
- POD (Payable on Death) form for deposit accounts
- Beneficiary designation form for IRA accounts
- Full name, date of birth, Social Security number, and relationship
- Designate primary and contingent beneficiaries with percentage allocations
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)
- Online beneficiary designation is not available; must use financial center, phone, or mail
- IRA beneficiary designations are separate from POD designations on deposit accounts
- IRA accounts require personal attention and are not opened or modified online
- Review recommended after marriage, divorce, birth of a child, or death of a beneficiary
Sources
Data sourced from SC Federal CU primary sources (19 pages reviewed). How we research.
Download these SC Federal CU instructions
Download instructions for the whole estateA printable PDF with the steps, required documents, and contact details — verified against SC Federal CU primary sources. Bring it to the branch or keep it beside the phone.
Contact Center
SC Federal Credit Union, P.O. Box 190012, North Charleston, SC 29419-9012
Contact Center
SC Federal Credit Union, P.O. Box 190012, North Charleston, SC 29419-9012
Death Claims
South Carolina Federal Credit Union, 2175 Credit Union Lane, North Charleston, SC 29419
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