How to name beneficiaries and fund a trust at SCCU
Covers 11 deposit, and 4 retirement accounts — beneficiaries must be updated in-branch
Space Coast Credit Union, P.O. Box 419001, Melbourne, FL 32941-9001
Space Coast Credit Union, P.O. Box 419001, Melbourne, FL 32941-9001
Operations - Estate Services
Space Coast Credit Union, ATTN: Operations, PO Box 419001, Melbourne, FL 32941
The goal with your SCCU accounts is to make sure every account has a transfer mechanism in place—either a POD beneficiary designation or trust ownership. Because SCCU 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.
Across 15 product types, SCCU accounts vary in how they transfer at death. The sections below walk through Payable on Death (POD) designations, trust funding options, and which products support each method.
- Bring government-issued photo ID
- Request the Payable-on-Death Agreement form
- Complete form with primary and contingent beneficiary information
- Sign the form and submit it to a branch representative
Required Documents
- Trust name, date established, and tax ID (EIN or SSN)
Special Requirements
- POD designations available for deposit accounts (checking, savings, CDs, money market)
- IRA and Trust accounts are excluded from the POD form and follow separate processes
- Joint accounts pass to surviving owner by right of survivorship
- POD designation can be changed or revoked at any time by completing a new form
- Beneficiary does not need to be present or be an SCCU member
Sources
Data sourced from SCCU primary sources (23 pages reviewed). How we research.
Download these SCCU instructions
Download instructions for the whole estateA printable PDF with the steps, required documents, and contact details — verified against SCCU primary sources. Bring it to the branch or keep it beside the phone.
Space Coast Credit Union, P.O. Box 419001, Melbourne, FL 32941-9001
Space Coast Credit Union, P.O. Box 419001, Melbourne, FL 32941-9001
Operations - Estate Services
Space Coast Credit Union, ATTN: Operations, PO Box 419001, Melbourne, FL 32941
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