Estate planning at Summit CU
How to protect 18 Summit CU accounts — manage beneficiaries in-branch, fund a trust in-branch, and file death claims
Phone1-800-236-5560
Mailing Address
Summit Credit Union, P.O. Box 8046, Madison, WI 53708-8046
WebsiteLearn more →
Phone1-800-236-5560
Mailing Address
Summit Credit Union, P.O. Box 8046, Madison, WI 53708-8046
WebsiteLearn more →
Death Claims
Phone(608) 243-5000
Mailing Address
Summit Credit Union, P.O. Box 8046, Madison, WI 53708-8046
WebsiteNotify online →
Verified Feb 2026
Summit CU is a credit union offering 18 accounts that interact with estate planning in different ways. As a membership-based credit union, Summit CU operations throughout Wisconsin with 58 branch locations in Madison, Milwaukee, Green Bay, and communities across the state. Open membership -- anyone can join Summit Credit Union regardless of where they live or work. Once a member, membership is retained for life even if you move. Headquartered at 1709 Landmark Dr., Cottage Grove, WI 53527. Understanding how each account transfers at death—and which ones a trust can hold—helps families avoid probate delays and unintended outcomes.
Beneficiary designations at Summit CU can be managed in branch, by mail, and by phone, typically taking 15-30 minutes in branch; 1-2 weeks by mail. Trust funding is also available, allowing families to retitle accounts into the name of a revocable living trust.
Summit CU provides specific procedures for both proactive estate planning and filing claims after a death.
Preparing your estate
Beneficiaries and trust funding
How to update beneficiaries in-branch, fund a trust in-branch, and review 18 account types at Summit CU.
View details →When someone dies
Death claim process
11-step process, 5 required documents, and contact information for survivors.
View details →Summit CU operates in select states, so estate planning procedures may vary by location. Confirm availability in your state before initiating trust funding or account changes.
Frequently asked questions
Yes, Summit facilitates trust account arrangements for deposit products. Bring your trust agreement or Certificate of Trust, government-issued ID for all trustees, and the trust EIN or grantor SSN to any branch. Trust accounts qualify for NCUA insurance up to $250,000 per qualifying beneficiary. Note that Summit does not provide legal advice on which account arrangement meets your specific requirements.
IRAs cannot be titled to a trust. However, you can name your trust as the beneficiary of your IRA Savings Account or IRA Certificate at Summit. Consult a tax advisor before doing this, as naming a trust as IRA beneficiary has significant implications for required minimum distributions and tax treatment of inherited IRA funds.
Summit offers three tiers: Money Market Plus for growing balances, Ultimate Money Market for higher rates on larger balances, and Money Market Maximizer for the highest rates on balances of $75,000 or more. All three provide unlimited access to funds with no locked-in term and are NCUA insured up to $250,000.
The Certificate Plus is a flexible certificate that allows you to make additional deposits during the term, unlike a standard Certificate where the deposit is fixed. Both types earn competitive rates with dividends compounded and credited monthly. Standard Certificates require a $500 minimum and offer terms from 3 months to 5 years. Certificates can be started as IRAs or transferred to IRAs later, penalty-free.
Phone1-800-236-5560
Mailing Address
Summit Credit Union, P.O. Box 8046, Madison, WI 53708-8046
WebsiteLearn more →
Phone1-800-236-5560
Mailing Address
Summit Credit Union, P.O. Box 8046, Madison, WI 53708-8046
WebsiteLearn more →
Death Claims
Phone(608) 243-5000
Mailing Address
Summit Credit Union, P.O. Box 8046, Madison, WI 53708-8046
WebsiteNotify online →
Verified Feb 2026
Estate planning resources for Summit CU customers
Tools and documents to help protect your Summit CU accounts.
Do I Need a Revocable Trust?
Answer questions about your estate size, real estate, family situation, and privacy preferences to see how a revocable trust compares to a will alone.
Take the Quiz
Are My Beneficiary Designations Protected?
See how your state handles beneficiary designations after divorce, inherited IRA creditor protection, and spousal consent requirements for retirement accounts.
Check Now
What Does Estate Planning Actually Cost?
See the true cost of estate planning. Compare SimplyTrust, Trust & Will, LegalZoom, and attorneys including life events like marriage, divorce, and having children.
Compare Costs