How to name beneficiaries and fund a trust at Travis CU
Covers 8 deposit, 3 retirement, and 5 lending accounts — beneficiaries must be updated in-branch
Travis Credit Union Member Services
Travis Credit Union, P.O. Box 2069, Vacaville, CA 95696
Travis Credit Union Member Services
Travis Credit Union, P.O. Box 2069, Vacaville, CA 95696
The goal with your Travis CU accounts is to make sure every account has a transfer mechanism in place—either a POD beneficiary designation or trust ownership. Because Travis CU 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.
With 16 product types, Travis CU offers a range of transfer options. Some accounts support Payable on Death (POD) designations, others can be retitled into a trust, and some require probate if no beneficiary is designated. The sections below break down each step.
- Each beneficiary's full legal name and identifying information
- Percentage allocations if naming multiple beneficiaries
- For IRA accounts, complete separate beneficiary designation paperwork
Required Documents
- Trust name, date established, and tax ID (EIN or SSN)
Special Requirements
- A POD designation instructs the credit union that the account is payable to the owner during their lifetime, and upon the death of the last owner, payable to the named and surviving POD beneficiary
- IRA beneficiary designations are handled separately from deposit account POD designations
- The Travis CU Membership Agreement and Disclosure classifies every joint account as Joint Tenancy with Right of Survivorship: if a joint owner dies, the surviving owner(s) automatically own the funds and the balance is not subject to the will or to probate. A POD designation on a joint account therefore only takes effect after the last surviving owner dies
- The Membership Agreement requires that any change in account authorization, ownership, or access be made in writing
Sources
Data sourced from Travis CU primary sources (20 pages reviewed). How we research.
Download these Travis CU instructions
Download instructions for the whole estateA printable PDF with the steps, required documents, and contact details — verified against Travis CU primary sources. Bring it to the branch or keep it beside the phone.
Travis Credit Union Member Services
Travis Credit Union, P.O. Box 2069, Vacaville, CA 95696
Travis Credit Union Member Services
Travis Credit Union, P.O. Box 2069, Vacaville, CA 95696
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