How to name beneficiaries and fund a trust at Peak CU
Covers 7 deposit, 4 retirement, and 2 lending accounts — beneficiaries must be updated in-branch
Brand change
TwinStar Credit Union and Northwest Community Credit Union now operate as Peak Credit Union. The rebrand took effect September 15, 2025. Accounts, routing number 325181015, and member records carried over; the Membership and Account Agreement is now published under the Peak name (D008 rev. 10.10.2025). Effective September 2025.
The procedures below reflect Peak CU's accounts. Account servicing may transfer as the change takes effect.
Peak Credit Union Member Services
Peak Credit Union, PO Box 718, Olympia, WA 98507-0718
Peak Credit Union Member Services
Peak Credit Union, PO Box 718, Olympia, WA 98507-0718
Peak Credit Union Member Services
Peak Credit Union, PO Box 718, Olympia, WA 98507-0718
Preparing your Peak CU accounts for estate transfer involves two key steps: designating beneficiaries on each account and, where appropriate, retitling accounts into a trust. Because Peak CU is a membership-based institution, trust retitling must maintain the membership eligibility requirement. Accounts with Payable on Death designations or trust ownership bypass probate entirely.
The transfer rules at Peak CU vary across 13 accounts. Below is a breakdown of beneficiary options, trust funding, and which products support each method.
- For deposit accounts: request POD (Payable on Death) designation with beneficiary full legal name, date of birth, Social Security number, and relationship
- For IRA accounts: complete the IRA Beneficiary Designation form with primary and contingent beneficiary sections
Required Documents
- Trust name, date established, and tax ID (EIN or SSN)
Special Requirements
- A POD designation does not carry over to IRAs or Education Savings Accounts -- Section I.5 of the Membership and Account Agreement requires those to be covered by a separate IRA/ESA beneficiary designation form
- Account changes must be evidenced by a signed Membership Application accepted by Peak (Section I.26) -- a beneficiary change is not effective until Peak has the signed form on file
- Peak will not recognize an agent acting under a power of attorney without an acceptable written power of attorney already on record at the credit union (Section I.26)
- Section I.2 states a POD or joint-survivorship designation may be invalidated when Peak receives notice of a marriage dissolution or a testamentary disposition -- re-confirm designations after a divorce
- Trust beneficiary designations may require a copy of the Certification of Trust
Sources
Data sourced from Peak CU primary sources (19 pages reviewed). How we research.
Download these Peak CU instructions
Download instructions for the whole estateA printable PDF with the steps, required documents, and contact details — verified against Peak CU primary sources. Bring it to the branch or keep it beside the phone.
Peak Credit Union Member Services
Peak Credit Union, PO Box 718, Olympia, WA 98507-0718
Peak Credit Union Member Services
Peak Credit Union, PO Box 718, Olympia, WA 98507-0718
Peak Credit Union Member Services
Peak Credit Union, PO Box 718, Olympia, WA 98507-0718
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