How to name beneficiaries and fund a trust at Together CU
Covers 10 deposit, 4 retirement, and 5 lending accounts — beneficiaries must be updated in-branch
Member Contact Center
Together Credit Union, 423 Lynch Street, St. Louis, MO 63118
Member Contact Center
Together Credit Union, 423 Lynch Street, St. Louis, MO 63118
Research and Quality Management (estate documentation) via the Member Contact Center
Together Credit Union, Attn: Research and Quality Management, 423 Lynch Street, St. Louis, MO 63118
Estate planning at Together CU means getting each account set up so it transfers automatically when you die—either through a POD beneficiary or trust ownership. Because Together CU is a membership-based institution, trust retitling must maintain the membership eligibility requirement. Without one of these in place, accounts may require probate before your family can access the funds.
Across 19 product types, Together CU 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.
- Full legal name, date of birth, Social Security number, current address, and relationship (the credit union requires all of these before it will release funds to a POD beneficiary at death)
- The percentage or fractional share for each beneficiary -- if you leave the shares blank, the agreement divides the account equally among the named beneficiaries
Required Documents
- Trust name, date established, and tax ID (EIN or SSN)
Special Requirements
- On a joint account, ALL owners must consent in writing to revoke or change POD beneficiaries (Membership Agreement Section 5(a))
- One POD designation applies to all savings, checking, and money market accounts under the member's primary savings account; Certificates of Deposit must be designated separately and independently
- POD designations do not apply to IRAs or Health Savings Accounts -- those are governed by a separate account agreement and beneficiary designation
- A POD beneficiary who fails to survive the last account owner by 120 hours is treated as having predeceased the owner (Membership Agreement Section 5(b))
- Divorce or annulment automatically revokes a POD designation in favor of a former spouse (or a relative of the former spouse who is not also the owner's relative), whether or not the designation mentions marital status (Section 5(c))
- If the credit union has to seek legal or other professional advice to review documentation from a POD beneficiary's representative or claimant, Section 5(e) lets it deduct those costs -- including reasonable attorney fees -- from the account
- It is the member's responsibility, not the credit union's, to tell a person or organization that they were named a POD beneficiary (Section 5(d))
Sources
Data sourced from Together CU primary sources (21 pages reviewed). How we research.
Download these Together CU instructions
Download instructions for the whole estateA printable PDF with the steps, required documents, and contact details — verified against Together CU primary sources. Bring it to the branch or keep it beside the phone.
Member Contact Center
Together Credit Union, 423 Lynch Street, St. Louis, MO 63118
Member Contact Center
Together Credit Union, 423 Lynch Street, St. Louis, MO 63118
Research and Quality Management (estate documentation) via the Member Contact Center
Together Credit Union, Attn: Research and Quality Management, 423 Lynch Street, St. Louis, MO 63118
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