Estate planning options at Unitus CCU

A POD account is payable to the owners during their lifetimes and, on the death of the last owner, to any surviving POD beneficiary expressly designated in the account records.¹

POD designations do not apply to IRAs, which are governed by a separate beneficiary designation.¹

POD designations do not apply to an account held by or on behalf of a formal trust.¹

To add or remove a joint owner, the owner completes an updated Membership Application; a new joint owner also signs it and provides proof of ID. The request can be started in Digital Banking under More Services.^{2, 3}

A POD account payable to more than one surviving beneficiary is paid to each surviving beneficiary in equal shares.¹

For joint account with survivorships. Completed by the owner, and a new joint owner. Completed online.^{2, 3}

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Unitus has no obligation to notify a beneficiary of the existence of an account or of the vesting of the beneficiary's interest in it, except as otherwise provided by law.¹

Every Unitus joint account carries a right of survivorship. The survivor takes subject to the credit union's lien for the deceased owner's obligations and to any security interest or pledge the deceased owner granted.¹

Unitus may review and approve any power of attorney, may require its own Power of Attorney form signed by all owners, and is under no obligation to honor a power of attorney.¹

For Washington residents, the Membership & Account Agreement states the member irrevocably waives the right to dispose of any Unitus account by will.¹

A formal trust account is owned by the trust and held by its trustees for the beneficiaries under a written trust agreement.¹

Go Savings is open to trust accounts.⁴

The trustee warrants that the trust, or the trustee, is eligible for membership in Unitus.¹

Unitus may release funds to any one trustee acting alone and relies on a trustee's directions until it receives written notice revoking that trustee's authority. It does not act as trustee.¹

The trustee agrees to notify Unitus in writing if a change of trustee occurs.¹

Trust accounts use their own Digital Banking login, which can be linked to a personal login through Shared Access.⁵