How to name beneficiaries and fund a trust at Tyndall FCU
Covers 7 deposit, 2 retirement, and 4 lending accounts — beneficiaries can be managed online
Tyndall FCU Member Care Center
Tyndall Federal Credit Union, P.O. Box 59760, Panama City, FL 32412-0760
Tyndall FCU Member Care Center
Tyndall Federal Credit Union, P.O. Box 59760, Panama City, FL 32412-0760
Tyndall FCU Member Care Center
Tyndall Federal Credit Union, P.O. Box 59760, Panama City, FL 32412-0760
Preparing your Tyndall FCU accounts for estate transfer involves two key steps: designating beneficiaries on each account and, where appropriate, retitling accounts into a trust. Because Tyndall FCU 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.
With 13 product types, Tyndall FCU 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
- Beneficiary changes can be initiated via DocuSign electronic forms through online banking; authentication uses the email associated with your Tyndall account
- A POD beneficiary designation does not apply to IRAs -- the Membership Agreement states IRAs are governed by a separate account agreement and beneficiary designation (use the IRA Change Beneficiary form)
- A POD beneficiary may not also be an owner of the account (Membership Agreement, "Payable on Death (POD) Accounts")
- If you name several POD beneficiaries they share equally, and if one dies before the last owner the percentages are re-adjusted pro-rata among the surviving beneficiaries -- name contingent beneficiaries if you want a different result
- Any beneficiary change must be made in writing on a form Tyndall approves; Tyndall has no duty to notify a beneficiary that an account exists
Sources
Data sourced from Tyndall FCU primary sources (22 pages reviewed). How we research.
Download these Tyndall FCU instructions
Download instructions for the whole estateA printable PDF with the steps, required documents, and contact details — verified against Tyndall FCU primary sources. Bring it to the branch or keep it beside the phone.
Tyndall FCU Member Care Center
Tyndall Federal Credit Union, P.O. Box 59760, Panama City, FL 32412-0760
Tyndall FCU Member Care Center
Tyndall Federal Credit Union, P.O. Box 59760, Panama City, FL 32412-0760
Tyndall FCU Member Care Center
Tyndall Federal Credit Union, P.O. Box 59760, Panama City, FL 32412-0760
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